Lawmakers want State to takeover KQ in revival planNational Assembly's Transport Committee Chairman David Pkosing (left) with outgoing Kenya Airways Chief Executive Sebastian Mikosz at a past event. KQ is currently 48.9 per cent owned by Government, 7.8 per cent by KLM, 38.1 per cent by a group of 10 local banks while KQ employees and other Kenyan investors hold 5.2 per cent. The local banks -- KCB, CBA, I&M, Chase, National, Co-operative, Diamond Trust, NIC, Ecobank and Equity -- had advanced a Sh17.5 billion loan to the airline. That loan was converted into shares following the restructuring of KQ in 2017. If the House endorses the proposals, it will have to make eight legislation, allowing the Government to implement the changes.

Source: Standard Digital June 19, 2019 03:04 UTC