Browsing: kenya airways national debt

• The Kenyan carrier reported a $29 million net loss in 2022.
• Kenya Airways defaulted on its repayment obligation of $841.6 million loan from the US Export-Import Bank in 2017.
• KQ chairman Michael Joseph claimed there are no plans to offload its shares to Delta Airlines.

The initial plan by the Kenyan government to form an airline partnership with Delta Airlines has gone off the radar as KQ Airlines sets its sights on working out a partnership with South Africa Airways.

This sudden change of direction comes days after the Kenyan Flag carrier reported a $29 million net loss in 2022. According to KQ, partnerships with regional carriers would sustain its current operations long-term while discarding those that appear unnecessary.

Kenya Airways Initial plans for Delta Airways

A drastic change has arrived with Kenya’s new government, President William Ruto who has indicated that the government is not keen on bailing out …

The agency also asked people to stay away from the missing monkeys and immediately call 911 whenever they saw any of them.

Animal rights activists in the US heavily criticized the crash. People for the Ethical Treatment of Animals (PETA) and an animal rights group contacted Kenya Airways chief executive, Allan Kilavuka, and the chairman, Michael Joseph, showing dissatisfaction over the treatment of monkeys.

PETA prompted KQ to reconsider subjecting the monkeys to long flights and immediately taking them to laboratories for experiments because that could cause them torture and even lead to their death.…