Jambojet
{{Short description|Low-cost airline of Kenya}}
{{distinguish|Jumbo jet}}
{{Use dmy dates|date=June 2021}}
{{Infobox airline
| airline = Jambojet
| image = Jambojet Logo.png
| image_size =
| alt =
| ICAO = JMA{{cite web | url=http://avcodes.co.uk/details.asp?ID=28372 | title=Jambojet | work=avcodes.co.uk | accessdate=7 December 2017}}
| callsign = CHUI
| founded = {{start date and age|2013|09|13|df=yes}}
| commenced = {{start date and age|2014|04|01|df=yes}}
| ceased =
| aoc =
| bases =
| hubs = Jomo Kenyatta International Airport
| secondary_hubs = Moi International Airport
| focus_cities =
| frequent_flyer =
| lounge =
| alliance =
| subsidiaries =
| fleet_size = 8
| destinations = 8
| parent = Kenya Airways
| headquarters = Nairobi, Kenya
| key_people = {{bulleted list|
| Vincent Rague (Chairman)
| Karanja Ndegwa (CEO){{cite web| url=https://www.businessdailyafrica.com/corporate/companies/Jambojet-appoints-finance-chief-Karanja-Ndegwa-as-interim-MD/4003102-5535720-gqljruz/index.html |title=Jambojet appoints finance chief Karanja Ndegwa as interim MD |newspaper=Business Daily Africa |date=27 April 2020 |author=Bonface Otieno |access-date=27 April 2020 |location=Nairobi}}}}
| revenue =
| operating_income =
| net_income =
| profit =
| assets =
| equity = KSh.100,000/=
| num_employees = 213 (2019){{Cite web|url=https://www.linkedin.com|website=www.linkedin.com|title=JamboJet Overview|date=2019-09-03|access-date=2019-09-03|language=en-US}}
| website = {{URL|www.jambojet.com}}
}}
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.{{cite news |last= Blachly |first=Linda |date=12 September 2013 |title=Kenya Airways appoints CEO of new Jambo Jet subsidiary |url=http://atwonline.com/finance-amp-data/kenya-airways-appoints-ceo-new-jambo-jet-subsidiary |publisher=Air Transport World |accessdate=26 February 2014 }}
History
Willem Alexander Hondius was appointed as CEO in September 2013, reporting to the board of directors, chaired by Ayisi Makatiani.{{cite news |date=12 September 2013 |title=KQ picks CEO for low-cost subsidiary |url=http://www.businessdailyafrica.com/Corporate-News/KQ-picks-CEO-for-low-cost-subsidiary/-/539550/1989722/-/oayvhd/-/index.html |publisher=Business Daily Africa |accessdate=26 February 2014 }} 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.{{cite news |last=MAINA |first=WANGUI |date=17 February 2014 |title=KQ set to launch Sh3,000 fare carrier in April |url=http://www.businessdailyafrica.com/Corporate-News/KQ-set-to-launch-Sh3-000-fare-carrier-in-April/-/539550/2210690/-/item/1/-/8jdtu2z/-/index.html |publisher=Business Daily Africa |accessdate=26 February 2014 |archive-date=6 April 2015 |archive-url=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 |url-status=dead }}
Operations commenced on 1 April 2014.{{cite news|title=Kenya Airways' low-cost arm Jambojet launches operations |first=Victoria |last=Moores |work=Air Transport World |date=4 April 2014 |url=http://atwonline.com/finance-data/kenya-airways-low-cost-arm-jambojet-launches-operations |archive-url=https://web.archive.org/web/20140405185053/http://atwonline.com/finance-data/kenya-airways-low-cost-arm-jambojet-launches-operations |archive-date=2014-04-05 |url-status=dead }} 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.{{cite news|last=Clark |first=Oliver |location=London |date=2 January 2014 |title=Jambo Jet gains domestic and international route licences |work=Flightglobal |url=http://www.flightglobal.com/news/articles/jambo-jet-gains-domestic-and-international-route-licences-394502/ |archive-url=https://web.archive.org/web/20140323132805/http://www.flightglobal.com/news/articles/jambo-jet-gains-domestic-and-international-route-licences-394502/ |archive-date=2014-03-23 |url-status=dead }}
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/=.{{cite web |url=http://www.kenya-airways.com/uploadedFiles/Home/Corporate_Information/Investor_Information/Annual_Reports/KQ%20Annual%20Report.pdf |title=2013 Annual Report |date=2013 |publisher=Kenya Airways |page=97 |accessdate=27 February 2014 |archive-date=29 October 2013 |archive-url=https://web.archive.org/web/20131029200347/http://www.kenya-airways.com/uploadedFiles/Home/Corporate_Information/Investor_Information/Annual_Reports/KQ%20Annual%20Report.pdf |url-status=dead }}
=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.)
| class="wikitable" style="margin:1em auto;" |
| align="center"
! style="background: #e20177;" | ! style="background: #e20177;" | 2014 ! style="background: #e20177;" | 2015 ! style="background: #e20177;" | 2016 ! style="background: #e20177;" | Mar ! style="background: #e20177;" | Dec ! style="background: #e20177;" | 2018 |
| Turnover (KSh. billion/=)
| align=center|0 | align=center|2.61 | align=center|3.44 | align=center|3.75 | align=center|2.64 ! align=center|4.99 |
| Profit (EBT) (KSh. million/=)
| align=center|{{color|red|−118}} | align=center|{{color|red|−287}} | align=center|126 | align=center|{{color|red|−25}} | align=center|{{color|red|−101}} ! align=center|77 |
| Number of employees
| align=center|n/a | align=center|29 | align=center|35 | align=center|54 | align=center|85 ! align=center| |
| Number of passengers (millions)
| align=center|0 | align=center|0.48 | align=center|0.57 | align=center|0.59 | align=center|0.43 ! align=center| |
| Passenger load factor (%)
| align=center|0 | align=center|92 | align=center| | align=center| | align=center| ! align=center| |
| Number of aircraft (at year end)
| align=center|2 | align=center|4 | align=center|4 | align=center|4 | align=center|5 ! align=center|5 |
| Notes/sources
| align=center|{{cite web|title= Jambojet records satisfactory results since launch|publisher= Kenya Broadcasting Corporation|url= http://www.kbc.co.ke/jambojet-records-satisfactory-results-since-launch/}}{{cite web|title= 2015 Annual Report|publisher= Kenya Airways|url=https://www.kenya-airways.com/uploadedFiles/Content/About_Us/Investor_Information/KQ_Annual_Report_2015.PDF}} | align=center|{{cite web|title= 2017 Annual Report|publisher= Kenya Airways|url=https://corporate.kenya-airways.com/uploadedFiles/Content/Investor_Information/Kenya_Airways_2017_Annual_Report_and_Financial_Statements.pdf}}{{cite web|title= Jambojet losses deepen on delayed delivery of planes|publisher= Standard Digital|url=https://www.standardmedia.co.ke/article/2001286274/jambojet-losses-deepen-due-to-delivery-delays|date=2 July 2018}} |
Destinations
{{As of|2024|1}}, Jambojet flies to seven airports within Kenya as well as one international destination.{{cite web |url=https://www.jambojet.com/explore/destinations/destinations/ |title=Jambojet destinations |date=22 January 2024 |accessdate=22 January 2024 |archive-url=https://web.archive.org/web/20240122013506/https://www.jambojet.com/explore/destinations/destinations/ |archive-date=22 January 2024 |url-status=live }} Jambojet suspended operations into Entebbe and Kigali in August 2020 due to the COVID-19 pandemic.{{cite web |title=COVID-19 Update 2 |url=https://www.jambojet.com/en-glo/about-jambojet/press-room/covid-19-updates/covid-19-update-2/ |date=16 March 2020 |accessdate=21 January 2024}} Jambojet is currently the largest domestic carrier in Kenya,{{cite web |title=Jambojet Attains 54% Domestic Air Market Share as they Mark World Tourism Day |url=https://www.jambojet.com/en-us/about-jambojet/press-room/jambojet-attains-54-domestic-air-market-share-as-they-mark-world-tourism-day/ |date=27 September 2023 |accessdate=21 January 2024}} carrying over 1 million passengers in 2022{{cite web |title=Jambojet flies over 1 million passengers in 2022, offers 1,000 tickets at Ksh 1,000 |url=https://www.jambojet.com/en-us/about-jambojet/press-room/jambojet-flies-over-1-million-passengers-in-2022-offers-1-000-tickets-at-ksh-1-000/ |date=10 January 2023 |accessdate=21 January 2024}} and projecting to carry at least 1.2 million passengers in 2023.
Fleet
=Current fleet=
{{As of|2024|1}}, Jambojet operates the following aircraft:{{Cn|date=March 2025}}
File:Jambojet B737-300 5Y-KQA.jpg in 2014]]
=Historical fleet=
The company has previously operated the following aircraft:{{Cn|date=March 2025}}
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See also
References
{{Reflist}}
External links
- {{Official website}}
- {{cite news|title=Kenya Airways new budget subsidiary Jambojet to focus on stimulating demand in domestic market |work=Centre for Aviation |date=23 March 2014 |url=http://centreforaviation.com/analysis/kenya-airways-new-budget-subsidiary-jambojet-to-focus-on-stimulating-demand-in-domestic-market-158865 |archive-url=https://web.archive.org/web/20140402141405/http://centreforaviation.com/analysis/kenya-airways-new-budget-subsidiary-jambojet-to-focus-on-stimulating-demand-in-domestic-market-158865 |archive-date=2014-04-02 |url-status=dead }}
{{Portalbar|Kenya|Aviation}}
{{Kenya Airways}}
{{Airlines of Kenya}}
{{Authority control}}