Ngunze in Kenya Airways to stay, says Michael Joseph

Kenya Airways’ chairman Michael Joseph has said that chief executive Mbuvi Ngunze is part of his turnaround strategy for the airline and is therefore not exiting just yet as demanded by the airline’s pilots.

Mr Mbuvi is overseeing the renegotiating of loan terms with the airline’s lenders as part of a balance sheet restructuring (and later capital raising) and as such cannot be asked to leave the company, Mr Joseph has said.