Kenya Airways is contemplating on disposing four of its older planes to raise fund after posting record losses.

Acting Transport Cabinet Secretary James Macharia told a House committee that the sale is part of a recovery plan by the airline.

Mr Macharia made the announcement when he met the Transport, Public Works and Housing Committee of the National Assembly on Tuesday.

The $251.1 million loss posted by KQ was blamed on competition from Middle East carriers and high operating costs.

The airline also blamed travel advisories that led to a slump in the tourism industry, as well as runway closures for renovation, for eating into the company's 2014/2015 full-year earnings.

The airline has, however, been accused of poor management decisions, operational inefficiencies and failure to counter competition.

Preliminary evidence gathered by a Senate Select Committee looking into the airline's operations revealed that strategic errors led to the near-collapse of Kenya's flag carrier.