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Kenya Airways goes full circle with two-year nationalisation plan

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Kenya Airways goes full circle with two year nationalisation plan - Travel News, Insights & Resources.


0262ff55beeba8fda3aedc2317464e55 - Travel News, Insights & Resources.

FILE PHOTO: Kenya Airways planes are seen parked at the Jomo Kenyatta International Airport near Nairobi

By Duncan Miriri

NAIROBI (Reuters) – Kenya will take at least 21 months to take back full control of its national carrier Kenya Airways, buying out minority shareholders and converting shares held by banks into Treasury bonds, a lawmaker briefed on the transaction said.

The loss-making airline, which is 48.9% government-owned and 7.8% held by Air France-KLM, was privatised 23 years ago but…



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