Kenya Airways ownership changes in revival plan

KQ Lenders Company, which comprises 11 banks that converted their loans into equity, will control 35.69 per cent shareholding of the national carrier. Photo: Willis Awandu, Standard

National carrier Kenya Airways has found new owners following a major financial restructuring.

Under the Optimisation Plan, the Government tops the national carrier’s shareholding followed by KQ Lenders Company Ltd while KLM drops to third position in ownership.