KQ averts loss of Sh310 million aircraft deposit

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Kenya Airways and South African Airways planes at Kamuzu International Airport in Lilongwe. FILE PHOTO | COURTESY

Kenya Airways (KQ) has secured an extension of the validity period for a Sh310 million non-refundable deposit to Boeing, helping the national carrier avoid another hit to its bottom line.

KQ chief executive Allan Kilavuka, on Thursday, confirmed the extension that will last for at least a year.

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