Ten local banks including Equity #ticker:EQTY, KCB #ticker:KCB and CBA have suffered a combined paper loss of Sh8.6 billion on their Kenya Airways’ #ticker:KQ shares as the airline’s stock plummeted in the wake of continued losses.
KQ, as the national carrier is known by its international code, in 2017 issued the lenders with 2.2 billion shares to settle their loans amounting to Sh17 billion.
