Michael Joseph, KQ’s chairman, said the proposal has been lodged with the Competition Authority of Kenya (CAK), with the national carrier hopeful of having the deal in place by April 2018. “KLM and Air France merged years ago and so it would be in all our interests to have a joint venture. The national carrier, which completed its balance sheet restructuring this week, absorbed this flat revenue line by reducing its fleet costs and overheads by 21.9 per cent and 8.9 per cent respectively. The airline’s half-year loss, however, worsened its negative equity position to Sh48.18 billion, compared to the Sh44.915 posted during a similar period last year. But if we launch a route and it does not work out, we shall not hesitate to close it.

Source: Daily Nation November 18, 2017 08:37 UTC