Kenya Airways chairman Michael Joseph says the airline would need up to $450 million (Sh45 billion) to get operations back to profitability. “We need to get rid of the debt at KQ to get a turnaround. KQ owes CBA group Sh3.1 billion, NIC bank Sh2.1 billion, Equity Bank Sh5.2 billion, National Bank Sh3.5 billion, Co-operative Bank Sh3.3 billion, KCB Sh2.1 billion and a similar amount to DTB. There is not a lot of people in the pool from which to pick a replacement for this kind of job,” Joseph said. Despite its woes, KQ received the prestigious African Airlines Association (AFRAA) Airline of the Year Award for Best Improved in Intra-Africa Connectivity.

Source: The Star November 15, 2019 00:56 UTC