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KQ in talks with four investors on stake sale

Kenya Airways CEO Mbuvi Ngunze. PHOTO: FILE

Kenya Airways is talking to ‘about three or four’ foreign institutional investors and airlines about buying a stake to raise cash for the loss-making carrier, its chief executive has said.

The airline, 27 per cent-owned by Air France KLM, has been reducing the size of and modernising its fleet, selling land and cutting jobs to recover from losses caused by a slump in tourism.

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