National carrier Kenya Airways (KQ) has ruled out investment partnerships with Middle Eastern airlines even as it scouts for a strategic investor to inject fresh capital into its business to restructure its debt-laden balance sheet.
KQ, which rebounded back to profit in the half year that ended June 2024 after a decade of losses, said that it targets to pick a financial adviser by mid-September to gauge its cash requirements before onboarding a strategic investor either in late December or early 2025.
