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Audit: How KQ bought two planes at Sh2b — only to sell them at a throw-away Sh210m

KQ Boeing 777 take off. PHOTO: FILE

NAIROBI: Kenya Airways (KQ) bought two planes at Sh2 billion from KLM Dutch Airlines, its largest shareholder, and later sold them off at Sh210 million.

A forensic audit done by Deloitte Consulting Ltd shows the national carrier bought the two planes, Boeing B737-300 aircraft from Koninklijke Luchtvaart Maatschappij (KLM), under a conditional sales agreement.

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