KQ tests banks with another debt-for-shares swap offer

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Chief Executive Officer Kenya Airways Allan Kilavuka. 

Photo credit: File | Nation Media Group

Kenya Airways (KQ) is eyeing its second debt-to-equity swap in under seven years as part of a broader restructuring to nurse the ailing airline back to financial health.

The airline is banking on its top shareholders to back the conversion of the loans to shares in fresh efforts to smooth the path for entry of a strategic investor in December or early next year.

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