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Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require Sh60.6 billion ($500-600 million) bailout, Henry Rotich, Finance Cabinet Secretary has said.
The carrier, part-owned by Air France-KLM, has not made a profit in three years and sunk deeper into the red in the year through March with a pre-tax loss of Sh29.7 billion ($294 million). Debts also climbed and shareholder equity turned negative.
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