Here comes the boom as Kenya Airways plans $690 million restructuring

By Bella Genga (Bloomberg). Kenya Airways, sub-Saharan Africa’s third-largest airline, is planning a 70 billion-shilling ($690 million) restructuring program that includes reducing its fleet and cutting staff, Chief Executive Officer Mbuvi Ngunze said. The carrier, based in the capital, Nairobi, has been working on a turnaround plan after reporting the largest loss in Kenyan corporate history last year. The carrier […]

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