Kenya Airways' State takeover, delisting Bill tabled in Parliament

Kenya Airways planes at the JKIA in Nairobi. FILE PHOTO | NMG

A Bill that will guide the sale of Kenya Airways (KQ) #ticker:KQ to the State was tabled in Parliament on Thursday, setting the stage for the buyout of minority shareholders at a premium and converting shares held by banks into Treasury bonds.

MPs will now start debate on The National Aviation Management Bill 2020 as the National Assembly seeks to have the government take back full control of the national carrier by October.

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