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Kenya Airways to sell assets, seeks loan to beat cash crunch

Kenya Airways will sell some older planes and land and is negotiating a bridging loan to help it through a cash crunch caused by a drop in passenger numbers, its chief executive said on Friday.

The carrier, part-owned by AirFrance-KLM, made a big loss in the half-year to September after a spate of Islamist militant attacks drove tourists away from Kenya and made it tough to fill its fleet of new Boeing 787 Dreamliners.

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