KERROW: Kenya Airways’ airport takeover bid a sugar-coated - News Summed Up

KERROW: Kenya Airways’ airport takeover bid a sugar-coated


By BILLOW KERROWMore by this AuthorThe government’s proposal to concession the Kenya Airports Authority (KAA) to Kenya Airways should be outrightly rejected by Parliament; it is a crude attempt at sugar-coating a fraudulent plan to skim public resources. It’s kept afloat through government guarantees of up to $750 million (Sh75 billion), funding and misplaced largesse, including giving it all state travel business. For a country whose citizens lack basic necessities such as food, water or healthcare, binge funding of KQ should be the last thought. It carried 10.6 million passengers in 2017, more than double KQ’s 4.4 million, and is the world’s fourth-largest airline by number of countries served. South African Airways is 100 per cent state-owned like Ethiopian but made losses for the seventh straight year and is technically insolvent.


Source: Daily Nation April 14, 2019 20:26 UTC



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