If at all there is any intention for the public good, it should be KAA to run KQ. SPVs were used by Kenya Airways to buy aircraft directly from manufacturers and then lease them to Kenya Airways (KQ) in what was alleged as an insider deal during the former managing director Titus Naikuni’s term. KQ had proposed that the banks and the Treasury convert outstanding and unsecured loans into equity. KQ also owes KAA close to Sh4 billion, adding to the absurdity of a debtor seeking to control a creditor. The same period is what KQ is now seeking to run the airport through the SPV.

Source: Daily Nation February 24, 2019 06:00 UTC