This archive report was first published on 16 July 2020.
Kenya Airways has incurred a Sh10 billion loss in revenue in the first half of 2020, with projections indicating a potential loss of up to Sh50 billion by the end of the year.
Published on July 16, 2020, the airline's CEO, Allan Kilavuka, has downplayed the nationalisation plan, stating that it won't address the financial turbulence.
“KQ is not here just to make profits. There is a bigger mandate. It is a strategic national asset. The airline has a responsibility to make a reasonable return, but more importantly is the role it plays in the bigger economy as a catalyst transporting goods and people from place to place,” Kilavuka said.
The airline's management has emphasized the need for streamlining operations, including merging assets and staff, to enhance effectiveness and make reasonable returns.
However, the National Aviation Management Bill, tabled before Parliament last month, seeks to give the government full control over the airline by October, with the State owning 48.9 per cent of the carrier and the rest shared by non-government entities.
