Prime

Kenya Airways to run airports in proposed merger deal with KAA

Kenya Airways chairman Michael Joseph (left) and CEO Sebastian Mikosz during the release of the firm's half-year results on November 17, 2017. PHOTO | SALATON NJAU | NMG

By  Victor Juma

Business Editor

Nation Media Group

Troubled national carrier Kenya Airways #ticker:KQ could soon merge with the Kenya Airports Authority (KAA) as part of a grand plan to deepen the airline’s recovery and cement Nairobi’s status as a regional transport hub.

A policy paper seen by the Business Daily and which got the Cabinet’s approval on Tuesday, says the aim is to reposition KQ in a similar fashion as its main rivals, including Ethiopian Airlines and Emirates Group, which have relied on government backing to expand their reach.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Rent-to-own option traps affordable homes billions

  2. PRIME Stockbrokers lower minimum investment in Dangote IPO

  3. PRIME CBK holds benchmark rate at fourth straight policy meeting

  4. PRIME World Bank upgrades Kenya’s 2026 growth forecast to 4.6 percent

In the headlines

View All