State close to approve Kenya Airways restructure plan

Kenya Airways CEO Allan Kilavuka.

Photo credit: File | Nation Media Group

Kenya's government is close to approving a restructuring plan for Kenya Airways (KQ) to replace one introduced by the previous administration and backed by the International Monetary Fund (IMF), the airline's CEO told Reuters.

The airline, one of Africa’s three biggest, fell into insolvency in 2018 after an expansion drive left it with hundreds of millions of dollars of debt.

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