KQ to increase Boeing fleet ahead of US venture

The airline has been exiting fuel hedging which was a key source of its losses in the recent past following a sharp drop of global oil prices beginning mid 2014. PHOTO FILE | NATION

Kenya Airways intends to increase its Boeing 787 fleet in order to enjoy the economies of scale as it eyes the US route.

KQ management announced that it was opting for fuel hedging — a contractual tool used to reduce exposure to volatile fuel costs — as part of its turnaround measures.