AfricaAviation News

Strong signals of official plan to bail out ailing Kenya Airways welcome

Strong signals of official plan to bail out ailing Kenya Airways welcome

At last, there are strong signs that the government is getting serious about sorting out the financial troubles of our national flag carrier, Kenya Airways. The first signals were the pronouncements made by Treasury Cabinet Secretary Henry Rotich, in his recent Budget speech.
Briefly, the Cabinet secretary revealed the following: First, that the government is working with stakeholders to restructure the balance sheet of the company. Secondly, a pledge that the government will play a critical role in providing the necessary support and in bringing other stakeholders together to achieve a successful turnaround.
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