Business Daily | by Bonface Otieno
A pricing hitch has stalled the auction of 101 aircraft abandoned at various airports countrywide aimed at clearing rising parking charges after the Kenya Airports Authority (KAA) declared them a safety risk.
The authority says delayed valuation of the planes has held the sale, which was expected to generate millions of shillings.
The valuation is aimed at complying with the legal requirement that demand that bars the auction of seized assets at below 75 per cent of the prevailing market value…
