Jambojet Explained
Jambojet should not be confused with Jumbo jet.
Jambojet Limited is a Kenyan low-cost airline that started operations on 1 April 2014. It is a subsidiary of Kenya Airways and is headquartered in Nairobi, Kenya.[3]
History
Willem Alexander Hondius was appointed as CEO in September 2013, reporting to the board of directors, chaired by Ayisi Makatiani.[4] Before his appointment, Hondius was general manager for KLM Royal Dutch Airlines for Eastern Africa based in Nairobi since 2012. The airline aimed to directly employ 24 employees, hire 20 pilots from Kenya Airways, and source 30 crew members from third parties.[5]
Operations commenced on 1 April 2014.[6] The Kenya Civil Aviation Authority authorised the airline to fly to Burundi, Comoros, the Democratic Republic of the Congo, Ethiopia, Madagascar, Mayotte, Rwanda, Somalia, South Sudan, Tanzania, and Uganda.[7]
Corporate affairs
Ownership
The airline is a wholly owned subsidiary of Kenya Airways. Its equity consists of 5,000 shares each with a nominal value of KSh 20/=.[8]
Business trends
Jambojet's performance and financial figures are fully incorporated within the Kenya Airways Group report and accounts.
Available figures for Jambojet are shown below - until March 2017, accounting dates were for the year ending 31 March; this changed to year ending 31 December from 2017, to align with accounting dates for the parent company. (Note also: Jambojet commenced operations in April 2014; therefore start-up costs, but no income, arose in the financial year to March 2014.)
| 2014 | 2015 | 2016 | Mar 2017 (12m) | Dec 2017 (9m) | 2018 |
---|
Turnover (KSh. billion/=) | 0 | 2.61 | 3.44 | 3.75 | 2.64 | 4.99 |
---|
Profit (EBT) (KSh. million/=) | | | 126 | | | 77 |
---|
Number of employees | n/a | 29 | 35 | 54 | 85 | |
---|
Number of passengers (millions) | 0 | 0.48 | 0.57 | 0.59 | 0.43 | |
---|
Passenger load factor (%) | 0 | 92 | | | | |
---|
Number of aircraft (at year end) | 2 | 4 | 4 | 4 | 5 | 5 |
---|
Notes/sources | [9] | [10] [11] | [12] | [13] | [14] [15] | [16] | |
Destinations
, Jambojet flies to seven airports within Kenya as well as one international destination.[17] Jambojet suspended operations into Entebbe and Kigali in August 2020 due to the COVID-19 pandemic.[18] Jambojet is currently the largest domestic carrier in Kenya,[19] carrying over 1 million passengers in 2022[20] and projecting to carry at least 1.2 million passengers in 2023.
Fleet
Current fleet
, Jambojet operates the following aircraft:[26]
Historical fleet
The company has previously operated the following aircraft:[31]
See also
External links
Notes and References
- Web site: Jambojet . . 7 December 2017.
- Web site: JamboJet Overview. www.linkedin.com. 2019-09-03. 2019-09-03. en-US.
- News: Blachly . Linda . 12 September 2013 . Kenya Airways appoints CEO of new Jambo Jet subsidiary . . 26 February 2014 .
- News: 12 September 2013 . KQ picks CEO for low-cost subsidiary . Business Daily Africa . 26 February 2014 .
- News: MAINA . WANGUI . 17 February 2014 . KQ set to launch Sh3,000 fare carrier in April . Business Daily Africa . 26 February 2014 . 6 April 2015 . https://web.archive.org/web/20150406061025/http://www.businessdailyafrica.com/Corporate-News/KQ-set-to-launch-Sh3-000-fare-carrier-in-April/-/539550/2210690/-/item/1/-/8jdtu2z/-/index.html . dead .
- News: Kenya Airways' low-cost arm Jambojet launches operations . Victoria . Moores . . 4 April 2014 . https://web.archive.org/web/20140405185053/http://atwonline.com/finance-data/kenya-airways-low-cost-arm-jambojet-launches-operations . 2014-04-05 . dead .
- News: Clark . Oliver . . 2 January 2014 . Jambo Jet gains domestic and international route licences . . https://web.archive.org/web/20140323132805/http://www.flightglobal.com/news/articles/jambo-jet-gains-domestic-and-international-route-licences-394502/ . 2014-03-23 . dead .
- Web site: 2013 Annual Report . 2013 . Kenya Airways . 97 . 27 February 2014 . 29 October 2013 . https://web.archive.org/web/20131029200347/http://www.kenya-airways.com/uploadedFiles/Home/Corporate_Information/Investor_Information/Annual_Reports/KQ%20Annual%20Report.pdf . dead .
- Web site: 2013 Annual Report. Kenya Airways. 19 April 2015. 30 July 2015. https://web.archive.org/web/20150730021643/https://www.kenya-airways.com/uploadedFiles/KQ_2013_Annual_Report_Final.pdf. dead.
- Web site: Jambojet records satisfactory results since launch. Kenya Broadcasting Corporation.
- Web site: 2015 Annual Report. Kenya Airways.
- Web site: 2016 Annual Report. Kenya Airways.
- Web site: 2017 Annual Report. Kenya Airways.
- Web site: 2017 Annual Report. Kenya Airways.
- Web site: Jambojet losses deepen on delayed delivery of planes. Standard Digital. 2 July 2018.
- Web site: 2018 Annual Report. Kenya Airways. 29 April 2019. 28 February 2020. 6 October 2022. https://web.archive.org/web/20221006023243/https://corporate.kenya-airways.com/uploadedFiles/Content/Investor_Information/KQ_Annual_Report_for_43rd_Annual_General_Meeting.pdf. dead.
- Web site: Jambojet destinations . 22 January 2024 . 22 January 2024 . https://web.archive.org/web/20240122013506/https://www.jambojet.com/explore/destinations/destinations/ . 22 January 2024 . live .
- Web site: COVID-19 Update 2 . 16 March 2020 . 21 January 2024.
- Web site: Jambojet Attains 54% Domestic Air Market Share as they Mark World Tourism Day . 27 September 2023 . 21 January 2024.
- Web site: Jambojet flies over 1 million passengers in 2022, offers 1,000 tickets at Ksh 1,000 . 10 January 2023 . 21 January 2024.
- Web site: Jambojet announces plans to begin operations to Goma and Llamu . 4 August 2021 . 21 January 2024.
- Web site: Jambojet readies to start direct flights from Mombasa to Eldoret and Kisumu . 31 August 2020 . 21 January 2024.
- Web site: Low-cost carrier Jambojet diversifies into cargo operations with their De Havilland Canada Dash 8-Q400 aircraft . 9 February 2022 . 21 January 2024.
- Web site: Jambojet starts selling flight tickets to Kigali and Mogadishu . 28 October 2019 . 21 January 2024.
- Web site: JamboJet schedules Mombasa - Zanzibar July 2024 launch . AeroRoutes . 29 December 2023 . 17 January 2024.
- Web site: Jambojet Fleet Details and History . www.planespotters.net . 2 November 2021.
- News: Kenya's Jambojet to lease two Q400s from IFC. ch-aviation. 2017-08-17. en-US.
- News: Kenya's low cost carrier Jambo Jet acquires new aircraft. abcafricanews. 2017-05-31. 2017-11-30. en-US. 26 March 2019. https://web.archive.org/web/20190326092440/http://abcafricanews.com/2017/05/31/kenyas-low-cost-carrier-jambo-jet-acquires-new-aircraft/. dead.
- Web site: Kenya's Jambojet preps for 1Q18 int'l debut; to quit jet ops. ch-aviation.
- Web site: Jambojet Takes Flight with a New Dash 8-400 Aircraft, Catering to the growing demand in Air Travel . 2 August 2023 . 22 January 2024.
- Web site: Jambojet Fleet Details and History.