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What next for Kenya Airways shareholders?

From left, NSE vice chair Bob Karina, Kenya Airways CEO Sebastian Mikoz and NSE chief executive Geoffrey Odundo during KQ's relisting at the bourse on November 29, 2017. PHOTO | SALATON NJAU | NMG

Since the financial restructuring of Kenya Airways #ticker:KQ and the listing of its new shares on the Nairobi Securities Exchange (NSE) on November 29, 2017, there have been many questions, much confusion and a fair amount of euphoria regarding the trading of KQ shares on the NSE.

It is common knowledge that the airline was facing financial distress prior to the restructuring. The company therefore opted to renegotiate and reduce its debt by giving its creditors a large equity stake in the airline.

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