National carrier demanding Sh1.53bn from Aero Industrial Sales for alleged breach of agreement.
By
Sam Kiplagat
Court Reporter
Nation Media Group
Kenya Airways (KQ) has sued a US-based supplier, Aero Industrial Sales (AIS), over an alleged breach of a multi-million dollar agreement for the disposal of surplus aircraft parts from its Boeing 777 fleet.
The dispute pits the national carrier against Digital Mara Media.
The non-payment of interest has contributed to the airline’s debt owed to the government growing to Sh131.4 billion in the year…
The national carrier is also eyeing $1.5 billion (Sh194 billion) in fresh capital injection by March next year to fund its…
KQ has lowered its fundraising target from $2 billion as it prepares to launch an international search for a strategic investor.
The loan repayments by KenGen and KPA come in a year when Treasury did not allocate cash to pay guaranteed debt, exposing Kenya…
Kenya has appointed AFC and TDB to arrange financing for a $1
