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Founded | 2001 | ||||||
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Ceased operations | 2004 | ||||||
Parent company | Kenya Airways |
Kencargo Airlines International was a cargo airline based in Kenya. It ceased operations in 2004,. [1]
The airline was established and started operations in April 2001 [2] as a joint venture between Kenya Airways, KLM and Martinair, to link all three airlines with Kenya Airways daily intra-African network.
The airline ceased operations in April 2004 when Kenya Airways acquired all the shares held by the other Joint Venture partners, [3] formed Kenya Airways Cargo and transferred Kencargo's business to the new entity. [1] [4]
As at incorporation, the company's shareholding was as follows: [5] .
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | Kenya Airways | 60 |
2 | KLM | 20 |
3 | Martinair | 20 |
Total | 100.00 | |
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