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KQ to receive another Sh35bn State bailout
The government will stop Kenya Airways (KQ) bailouts from next year as it moves to cut off the national carrier from exchequer support. FILE PHOTO | LUCY WANJIRU | NMG
Kenya Airways will get an additional State bailout of Sh34.9 billion to help the cash-strapped national carrier repay debts including to aircraft lessors, the Treasury has revealed.
In a letter to International Monetary Fund (IMF) managing director Kristalina Georgieva-Kinova Treasury Cabinet secretary Njuguna Ndung’u said the financial support is contained in the supplementary budget that will be tabled at the National Assembly before the end of January.
