Kenya Airways says it needs $500m injection to survive
Carrier must be fully nationalised, says CEO Allan Kilavuka after revenue halves
20 September 2020 - 18:08
Kenya Airways needs at least $500m to ride out the coronavirus crisis after first-half revenue plunged almost 50%, CEO Allan Kilavuka said in an interview.
The carrier, which is 49% state owned, must also be fully nationalised alongside Kenya Airports Authority, which runs the Nairobi hub, under a holding structure similar to that of regional leader Ethiopian Airlines Group, he said...
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