Jambojet seeks new horizons with expansion into new routes and cargo business

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Budget Airline Jambojet has revealed plans to seek approval of expanding into the cargo business. This is alongside plans for the carrier to request consent to increase domestic and regional flights.

According to the gazette notice from May 29, Jambojet’s announcement reveals its working to vary its license and expand its cargo business. As it stands, the carrier only operates a passenger-cargo service from its Nairobi hub at JKIA.

“We are waiting for the comments from the public before taking it to our board for approval. Once it is approved, then they will immediately commence,” reveals KCAA Director-General Gilbert Kibe.

Jambojet also plans to commence with expanding into international flights by increasing its regional destinations. This will feature alongside the KQ subsidiary opening bases in the cities of Kisumu and Mombasa, as further revealed by Mr. Kibe.

As it stands, Jambojet only operates two international flights towards Entebbe and Kigali. With the recent service request, Jambojet seeks KCAA approval to deploy flights to Zanzibar, Dar-e-Salaam, Bujumbura, Addis Ababa, Moroni, and Goma.

The move will now see Jambojet also deploy its expanding fleet to cover the anticipated regional routes. The carrier plans to use its aircraft B737, DHC8, and ATR72 fleet.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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