The Kenya Airways has been suspended from trading at the Nairobi Securities Exchange from today after a successful application. “Notice is hereby given on the suspension from trading of Kenya Airways shares. Parliament mid last year voted to accept a proposal to nationalise Kenya Airways as a way of rescuing it from mounting debts. SEE ALSO: Airports ready for operations, says KAAThe National Aviation Management Bill, 2020 seeks to establish the National Civil Aviation Council that will oversee the creation of a new outfit, Kenya Aviation Corporation (KAC), to run the national carrier. Kenya Aviation Corporation will also hold the shares in the operating entities, including Kenya Airways, Kenya Airports Authority, and Aviation Investment Corporation.

Source: Standard Digital July 03, 2020 09:11 UTC