Kenya Airways #ticker:KQ has asked the Treasury for a Sh7 billion emergency bailout after its aircraft were grounded due to the restrictions on international passenger flights sparked by the coronavirus pandemic that has killed over 280,000 people globally.
The Treasury is reviewing the application but has remained non-committal on whether it will offer the national carrier the money it needs for the maintenance of the grounded planes, payment of staff salaries and settlement of utility bills like security, water, electricity and parking fees.
