Reuters logo
Kenya Airways restructuring to be completed this week -finance minister
November 13, 2017 / 12:29 PM / a month ago

Kenya Airways restructuring to be completed this week -finance minister

NAIROBI, Nov 13 (Reuters) - The financial restructuring of Kenya Airways through a conversion of some debt into equity and the provision of some guarantees by the government will be completed this week, the finance minister said.

Henry Rotich said the government’s participation in the deal did not amount to a bail-out, adding that it expected a return once the loss-making carrier is back on its feet.

Reporting by Duncan Miriri, editing by Louise Heavens

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below