Kenya Airways says at least four investors from the US, China, South Africa and Singapore have expressed interest in supporting the airline’s turnaround, including one investor offering aircraft in exchange for an equity stake.
Acting CEO George Kamal said other proposals include equity investments and a multi-billion-shilling loan facility.
The airline is seeking fresh capital to expand its fleet, restore capacity and grow its network after posting a half-year loss of Ksh16 billion. KQ currently operates about 25 aircraft, with several grounded for maintenance, despite strong passenger demand.
As part of its restructuring, the airline is considering converting Ksh131 billion of debt owed to the government and local banks into equity. KQ aims to add up to 15 aircraft by 2030.
