Home Business KQ now courts banks for loan term extension

KQ now courts banks for loan term extension

kq, kenya airways, national aviation management bill
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The Standard | by Macharia Kamau


Kenya Airways is in talks with its lenders to extend moratoriums on repayment of loans, with demand in the aviation industry still heavily affected by the pandemic.

The airline expects its revenues to remain subdued this year. KQ said it was able to conserve more than Sh6.5 billion last year following moratoriums it got from banks as it sought mechanisms to enable it to cope with the adverse effects of Covid-19…

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