Sharp Daily
No Result
View All Result
Friday, July 4, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

CAK Suspends Kenyan Airline’s Operations

Sarah Wamaitha by Sarah Wamaitha
November 16, 2022
in News
Reading Time: 2 mins read
Fly540

[Photo/Courtesy]

The Kenya Competition Authority has ordered Fly 540 to cease advertising flights following claims that the airline’s air operations certificate had expired.

The governing authority also instructed the airline to reimburse money ticket claims by November 30 in an update on Wednesday, November 16, 2022.

“In furtherance of achieving its consumer protection mandate, the Authority has issued a cease and desist order against F1y540 following the sustained complaints and in order to prevent them from engaging in any consumer-related infringement.”

Some of the allegations against the airline include;

  1. False and misleading information on its capability to provide air transport services to passengers and the possibility of amending flight itinerary
  2. Arbitrary and/or short notice cancellation of flights
  3. Inordinate delays in refunding consumers.

“The ongoing investigations into the allegations against F1y540 are interrogating whether the airline has contravened section 55 of the Act outlawing false and misleading representation as well as section 56 on unconscionable conduct while undertaking its commercial activities. Therefore, in order to protect the public interest and prevent serious and irreparable damage to Kenyans, the Authority has issued a cease and desist order to the airline pursuant to section 37 of the Act.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

Read: Inside The Turbulent Recovery Of Kenya Airways

Fly540 is hereby directed to, with immediate effect, cease and desist from advertising flight bookings through electronic, print, and social media or receiving any flight bookings from the Public or travel agents until the ongoing investigations are completed. F1y540 has also been ordered to refund customers with outstanding ticket refund claims by 30th November 2022.” Read part of the statement.

Five Forty Aviation Ltd, trading as Fly540, is a low-cost airline that commenced operations in 2006 and is based in Nairobi, Kenya, operating both passenger and cargo services.

The airline had two subsidiary airlines, Fly540 Ghana and Fly540 Angola, but has since focused its business expansion plans on East Africa. Fly540 started operations between Nairobi and Mombasa on November 24, 2006.

Read: Kenya Airways Cuts Back On Losses To Ksh9.9B

The airline’s name refers to its price of KSh5,540 per adult return fare between the above-mentioned cities. Lonrho Africa was a major investor in the company, paying US $1.5 million for a 49% stake.

In June 2012, Fly540 was sold for $85.7 million (KSh7.3 billion) to British investment firm Rubicon Diversified Investments (now Fastjet Plc), who purchased the airline from Lonrho group. Rubicon said it had chosen to acquire Fly540 as its platform for the launch of a budget airline in Africa to be modeled on Europe’s second-largest low-cost carrier EasyJet.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Inside The New Terms For Ksh50 Billion Hustler Fund

Next Post

Winnie Odinga’s Biography: Career, Education and Family

Sarah Wamaitha

Sarah Wamaitha

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025

Lessons from the Kuramo-TransCentury fallout

July 3, 2025

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024