This archive report was first published on 17 July 2020.
Kenya Airways has been struggling financially, with a Sh10 billion loss in the first half of 2020 and a projected Sh50 billion loss by the end of the year.
Despite this, the airline's management is downplaying the proposed nationalisation of the carrier, saying it won't solve the financial issues.
"Nationalisation is not just about making profits," said CEO Allan Kilavuka. "It's a strategic national asset with a responsibility to make a reasonable return, but more importantly, it plays a crucial role in the economy as a catalyst for transporting goods and people."
The airline has resumed local flights and is awaiting a Bill to be passed by the National Assembly, which would have the carrier owned by the State by October.
However, KQ says what is needed is streamlining of operations by merging assets and staff to enhance effectiveness, rather than nationalisation.
"We are ready to complete the transactions once Parliament passes the Bill," said Treasury Secretary Ukur Yatani.
