Treasury makes U-turn on stopping Kenya Airways bailouts

Kenya Airways Embraer 190 airplane. 

Photo credit: File | Pool

The Treasury has made a U-turn on its pledge to end financial support to Kenya Airways (KQ) amid delays in securing a strategic investor for the loss-making national carrier.

KQ has disclosed that Treasury, the principal shareholder of the airline, has confirmed via a written commitment, that it will remain on standby to offer financial support past the December 2023 deadline it had issued mid-January last year.

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