Kenya Airways has ended an 18-month contract it had signed with global consultancy McKinsey.
According to KQ chairman, Michael Joseph, the national carrier will henceforth hire services from the consultant on a need-to-need basis. “At the Board meeting held on Thursday, and at my request, we agreed to change the contractual relationship we have with McKinsey going forward,” Mr Joseph said during a press update on KQ’s operations Friday.
“We have, by mutual agreement (with McKinsey), agreed to stop this contract and turn to a new one where we pay for certain expertise that they offer and which we still need at KQ on a time and material basis,” he added.
KQ had hired McKinsey to help implement about 400 cost savings and revenue generation initiatives. This was after KQ reported successive full-year losses for the four years to March 2016