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Kenya Airways (KQ) has launched a Sh20.7 billion ($250 million) rights issue, which closes on April 27. The transaction aims to raise cash to enable the airline expand passenger and cargo aircraft fleet and also venture into new markets. Jackson Okoth spoke to Titus Naikuni, KQ chief executive officer, on the airline’s growth strategy, outlook and events on the global aviation scene. Below are excerpts.
Question: Why is Kenya Airways doing a rights issue?
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