The national carrier is counting on fresh capital, whether in kind or cash, to expand its fleet, restore its capacity, and grow its network in an effort to turn profitable.
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
An investor has offered to give Kenya Airways (KQ) airplanes in exchange for a stake in the national carrier as it seeks a fresh capital injection to fund its turnaround plan.
KQ has lowered its fundraising target from $2 billion as it prepares to launch an international search for a strategic investor.
The national carrier is also eyeing $1.5 billion (Sh194 billion) in fresh capital injection by March next year to fund its…
Kenya Airways (KQNA.NR), opens new tab will disclose details of potential new investors within weeks, its chairman said, as the…
'I’m looking to bring new aircraft and grow the capacity.'
Kenya Airways chairman Kiprono Kitony says the airline is pursuing new investors, fleet expansion and increased African routes as…
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Kenya Airways loss widens to Sh16.1 billion
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