KQ to access Sh36 billion bailout based on targets

A Kenya Airways aircraft at JKIA. FILE PHOTO | NMG

The Ministry of Transport says the Sh36 billion loan to be disbursed to Kenya Airways in the current financial year is conditional and is only to be released to the airline in bits based on achieving set goals.

Transport Principal Secretary Joseph Njoroge said the loan has not been released in its entirety to the carrier as it’s pegged on targets that KQ, as the airline is known by its international code, has to meet.

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