The proposed acquisition of Kenya Airports Authority (KAA) by Kenya Airways (KQ) #ticker:KQ is a deal that has set many minds spinning as it fails to make business or strategic sense. KAA holds in trust critical strategic national airport infrastructure. KQ is essentially an aviation carrier business. The proponents of the deal have not clearly explained to the Kenyan public what concrete benefits the deal will deliver to the country.
Kenyans have of late become suspicious of any opaque deal that is without clear value addition to the economy or their lives. They are even more suspicious when they see expatriate executives of both KAA and KQ jointly crafting a deal in the name of Kenya. The public are yet to hear a Kenyan leader explain this deal to them.
