Kencargo Airlines International
| ||||
| Founded | 2001 | |||
|---|---|---|---|---|
| Ceased operations | 2004 | |||
| Parent company | Kenya Airways | |||
Kencargo Airlines International was a cargo airline based in Kenya. It ceased operations in 2004,.[1]
History
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]
Ownership
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 | |