Kenya Airways’ first-half losses double as Uganda relaunches national carrier
Kenya Airways is being renationalised which is struggling with debt, and which has had three CEOs in the past five years
27 August 2019 - 18:55
Nairobi — Kenya Airways, which is being renationalised to save it from mounting debts, saw its first-half pre-tax loss more than double from a year earlier to 8.56-billion Kenyan shillings ($83m), its results statement showed on Tuesday.
Kenya’s parliament voted in July to renationalise the loss-making airline, which is struggling under a mountain of debt and has had three changes of CEO in the past five years as it struggles to compete with regional rivals...
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