Kenya Airways set to renegotiate KLM pacts

KQ and KLM to review master agreement. file photo | nmg

The Treasury and Dutch carrier KLM are set to renegotiate key agreements in light of the ongoing restructuring of Kenya Airways #ticker:KQ , which will see 11 banks become the national carrier’s second-largest shareholder.

Kenya Airways and KLM will review a “master co-operation agreement” entered into in 1995 that governed their working relationship as the two single-largest shareholders of KQ.

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