Sh10bn State bailout for Kenya Airways

kq, kenya airways, national aviation management bill
[Image source: Airline Geeks | Tom Pallini]


Business Daily | by John Mutua


The Treasury offered Kenya Airways a further Sh10 billion in a secret bailout despite having publicly stated it would reject the national carrier’s request for funds to avoid collapse amid the effects of the coronavirus pandemic.

A supplementary budget tabled in Parliament on Tuesday revealed Kenya Airways received Sh8 billion directly from the Treasury and Sh2 billion from the Transport ministry to ease the effects of the virus that has obliterated global demand for travel…

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[Image source: Airline Geeks | Tom Pallini]

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