Kenya Airways axes 600 jobs in restructure after heavy losses

© Derejeb

It looks like it’s all change at Kenya Airways. Following a $251m operating loss for the year ending March 2015, the airline is scrabbling for cash and plans savings of $200m. It has sold land; scrapped plans to invest in its Nairobi hub, which would have improved its cargo facilities; sold airport slots, including at Heathrow, netting it $30m; and has announced plans to cut 600 workers. It has not yet stated which divisions will lose out, and is currently ...