Jambojet
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.
History
Willem Alexander Hondius was appointed as CEO in September 2013, reporting to the board of directors, chaired by Ayisi Makatiani. 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.Operations commenced on 1 April 2014. 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.
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/=.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.
| 2014 | 2015 | 2016 | Mar 2017 | Dec 2017 | 2018 | |
| Turnover | 0 | 2.61 | 3.44 | 3.75 | 2.64 | 4.99 |
| Profit | 126 | 77 | ||||
| Number of employees | n/a | 29 | 35 | 54 | 85 | |
| Number of passengers | 0 | 0.48 | 0.57 | 0.59 | 0.43 | |
| Passenger load factor | 0 | 92 | ||||
| Number of aircraft | 2 | 4 | 4 | 4 | 5 | 5 |
| Notes/sources |