KQ seeks Sh55bn bailout to navigate Covid storm

kq, kenya airways, national aviation management bill


Business Daily | by Bonface Otieno


Kenya Airways says it will need at least $500 million (Sh54.87 billion) in bailouts to stay afloat in the next nine months as it navigates the turbulent aviation sector following collapse in air travel demand amid Covid-19 economic fallout.

The company’s chief executive Allan Kilavuka, said yesterday that the money will be used on operations including staff remuneration, maintenance of aircraft and settling water, security and electricity bills.

Without the State aid, Mr Kilavuka warned the airline risks running out of money in the near future as…

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kq, kenya airways, national aviation management bill


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