Parliament backs plan to nationalise Kenya Airways
Debt mounting after failed expansion drive and slump in air travel forces carrier to restructure $2bn of debt
23 July 2019 - 18:22
Nairobi — Kenya’s parliament voted on Tuesday to nationalise the country’s main airline, Kenya Airways, to save it from mounting debt.
The unprofitable airline, which is 48.9% government owned and 7.8% held by Air France-KLM, has been struggling to return to profitability and growth...
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