President William Ruto met top executives of Delta Air Lines in his American trip where he launched the government bid to sell its entire 48.9% stake in Kenya Airways.
Business Daily reports that the President held a meeting with executives from Delta Air Lines Inc., the largest US carrier by market value, last Thursday.
He, however, declined to provide details of the talks as Kenya seeks a cash-flush foreign airline as a strategic investor in the national carrier to offer expertise and cut its reliance on Treasury handouts for operational cash.
“I’m willing to sell the whole of Kenya Airways Plc,” Dr Ruto told Bloomberg News on the sidelines of the US-Africa Leaders Summit in Washington DC. “I’m not in the business of running an airline that just has a Kenyan flag, that’s not my business. The government is looking for partnerships that will make Kenya Airways a profitable entity whatever that means, in whatever configuration, whatever form it takes,” he added.
The airline, which has been surviving on State bailouts since the COVID-19 pandemic, reported a KES 9.8 billion loss in August — a better performance than the KES 11.48 billion loss it recorded in the same period a year earlier.
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