KQ gets another Sh36.6bn State bailout

A fleet of Kenya Airways planes at Jomo Kenyatta International Airport in this photo taken on July 15, 2020. PHOTO | JEFF ANGOTE | NMG

The Treasury will offer Kenya Airways #ticker:KQ a further Sh36.6 billion bailout in the year starting July as part of efforts to prop up the national carrier amid recovery from the Covid-19 travel slump.

The allocation, contained in budget documents tabled in Parliament, comes weeks after MPs approved a Sh20 billion bailout to the airline.

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