Kenya Airways may need over Sh60b bailout, says Rotich
Business
By
Reuters
| Aug 04, 2015
Kenya Airways, which reported a record loss in its year ended March, may require a $500-600 million bailout, the Kenyan finance minister said on Tuesday.
Henry Rotich told Reuters the final figures and the form of recapitalisation would depend on a turnaround plan being prepared by Mckinsey and Seabury consultants, who were hired by the airline part-owned by AirFrance-KLM.
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