KQ among firms eyeing Air Madagascar stake

National carrier Kenya Airways has been shortlisted among seven airlines interested in acquiring a minority stake in Air Madagascar, which is looking for a strategic partner to help turn around its fortunes.

The management of the cash-strapped Air Madagascar recently disclosed that Kenya Airways, Air Austral, Ethiopian Airlines, Air Mauritius and South African Airlink are some of the carriers gunning for a stake of up to 49 per cent.