June 16, 2016
Brussels, Belgium
Five airlines express interest in buying majority stake in Kenya Airways
Five airlines have expressed interest in buying a majority stake in the cash-strapped national carrier Kenya Airways.
In the meantime, A senior official said the government would restructure the airline to turn around its fortunes before bids to buy it could be considered.
Aviation sources say Qatar Airways is one of those that have expressed interest in KQ because it wants to use the Jomo Kenyatta International Airport hub to solidify its operations in Africa.
Others said to have expressed interest in the national carrier are Abu Dhabis’s Etihad Airlines, Oman Air and US-based Omni Air.
Alarm bells started ringing in the aviation industry in March, 2015 when KQ announced a loss of Sh28 billion.
Source: Five airlines express interest in buying majority stake in KQ
Brussels, Belgium
Five airlines express interest in buying majority stake in Kenya Airways
Five airlines have expressed interest in buying a majority stake in the cash-strapped national carrier Kenya Airways.
In the meantime, A senior official said the government would restructure the airline to turn around its fortunes before bids to buy it could be considered.
Aviation sources say Qatar Airways is one of those that have expressed interest in KQ because it wants to use the Jomo Kenyatta International Airport hub to solidify its operations in Africa.
Others said to have expressed interest in the national carrier are Abu Dhabis’s Etihad Airlines, Oman Air and US-based Omni Air.
Alarm bells started ringing in the aviation industry in March, 2015 when KQ announced a loss of Sh28 billion.
Source: Five airlines express interest in buying majority stake in KQ