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Why it feels eerily like 1996 all over again for KQ
A Kenya Airways plane at JKIA in Nairobi. FILE PHOTO | NMG
It has been 24 years since Kenya Airways #ticker:KQ was privatised and now the National Aviation Management Bill of 2020 seeks to re-nationalise the airline in a bid to turn its loss-making tide.
If the Bill is endorsed by the National Assembly, it will be one amongst the many interventions which have been undertaken to put foam on the runway for the airline including the 2017 debt-equity swap with banks; the writing off of debt worth Sh24.2 billion in 2018, and the Sh5.0 billion credit line extended by the Treasury in February 2020.