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Businesses lose millions after JKIA fire

09 August 2013, 10:02

Nairobi - Businesses are counting losses running into millions as operations at the Jomo Kenyatta International Airport slowly resume, following the fire on Wednesday.

The Standard reports that the major casualty has been Kenya Airways, which was operating at just 35 per cent of its capacity; other than grinding to a halt Wednesday and having to make alternatives for its stranded customers, the airline’s stock at Nairobi Securities Exchange is expected to take a beating as its shares fell to KES 9.45 on Thursday from KES 9.50 on Wednesday.

Kenya Airports Authority lost more than KES 22 million on Wednesday alone, in landing and parking fees that airlines pay for the use of JKIA, with others affected are exporters, hotels and other related sectors.

- For more visit The Standard

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