Adieu 5Y KYA
More pictures of the ill-fated aircraft
5Y-KYA, a 737-800, was leased aircraft from the Singapore Aircraft Leasing Enterprise (SALE) (now owned by the Bank of China). Why leased? At the airline's 2005 AGM management said that, with their strong financial footing, KQ was now able to lease new aircraft which confers many advantages over buying new aircraft for a rapidly expanding airline. The lease deal was signed in September 2005
The first new 737-800 was delivered in October 2006 to KQ directly from Boeing, the manufacturer and replaced smaller 737's on many of the airlines existing and new routes.
It was a larger aircraft with improved safety features. The aircraft (was) equipped with a Heads-Up Display (HUD) system that projects key navigational data directly in front of pilots, allowing for safer operation in difficult conditions such as inclement weather or problematic navigational terrain.
It is also no comfort to families and relatives of the passengers, but the tragedy could have been worse if the airline had used the usual, and larger, 767 aircraft that night.
Kenya Airways is expected to release its year end results at the end of the month, and the 3rd quarter results showed strong growth in Asia, Eastern African and an overall 13% growth on (non-Kenyan) Africa routes.
The company should be unaffected by the loss in the long term, nor should its share price. The leased aircraft will be immediately replaced and with proper & timely insurance response, careful PR management and investigation of the accident, the airline should pull through.