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Kenya Airways' stay in the skies troubled with new Sh29 billion loss

Nairobi: The management of national airline Kenya Airways was yesterday at pains to assure investors of a turnaround in the carrier’s fortunes after announcing the biggest loss by a local firm listed in the stock market. But can the airline be rescued? That was the question on the lips of most investors yesterday as the unpalatable news of the heaviest loss in Kenya’s corporate history sank in.

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