Kenya Airways to be bought out by end of 2020

The National Treasury has announced plans to buy out Air France-KLM, local banks and over 800,000 individual shareholders from Kenya Airways. This will lead to the delisting of Kenya Airways from the Nairobi Securities Exchange.

The buyout plan comes after parliament voted to nationalize the airline. The transport ministry is working with International Finance Corporation (IFC) in terms of determining the fresh valuation and buying price. The government targets to close the deal before the end of next year.

Under a model approved by parliament, Kenya Airways will be one of the four subsidiaries in an Aviation Holding Company. The other three are; Jomo Kenyatta International Airport, Aviation college, and Kenya Airport Authority.

Kenya Airways currently is 48.9% owned by the government, 38.1% by local banks, 7.8% by Air France-KLM, 2.4% by Kenya Airways employees and 2.8% by small investors.

Source: Kenyan Wall Street

I for one support this. The current business model ya KQ might have worked well during yester years but is not efficient enough to make profit in the current market. Re-nationlisation is the only way to go.

Peter Gitimu said:

I for one support this. The current business model ya KQ might have worked well during yester years but is not efficient enough to make profit in the current market. Re-nationlisation is the only way to go.

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Tatizo la KQ ni embezzlement! Hata ikiwa nationalised bado ita-make losses kama wizi haudhibitiwi! Tena embezzlement with impunity!

Wow! Halafu kuwakumbushia tu, mzungu ambaye huwa tunapigiwa makelele humu kumhusu, anamiliki 7.8% pekee...

MK254 said:

Wow! Halafu kuwakumbushia tu, mzungu ambaye huwa tunapigiwa makelele humu kumhusu, anamiliki 7.8% pekee...

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Achana nao hao, huwa wanadhani kwamba wakirudia rudia na kueneza propaganda zao ndio zitakuwa kweli. Kuna ile nyingine ambayo wanaipenda sana, eti KQ wana ndege tatu tu, na eti na zote ni chakavu. [emoji1]

Ukiona Uzi Kama huu wa mafanikio ya Kenya hauna wachangiaji wa kule Kusini mwa Kenya, jua wanaumia Sana na hawana Jambo mbaya la kusema. Wako kwenye wivu mode babayao255 joto la jiwe 😂😂

mwaswast said:

Ukiona Uzi Kama huu wa mafanikio ya Kenya hauna wachangiaji wa kule Kusini mwa Kenya, jua wanaumia Sana na hawana Jambo mbaya la kusema. Wako kwenye wivu mode babayao255 joto la jiwe 😂😂

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Wanaandika wakifuta...

Hamna haja ya kutaifisha. Cha kufanya ni kuchukua zile ndege tatu za Taifa na kuanzisha AirKenyaLtd.

Nimepanda sana Embraer zenu Dar Nai Nai Eld kabla hamjaleta Jambojet ambayo ilikuwa inatupeleka Kisumu kwanza

MK254 said:

Wow! Halafu kuwakumbushia tu, mzungu ambaye huwa tunapigiwa makelele humu kumhusu, anamiliki 7.8% pekee...

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Bro! Hizo local banks unazijua ni zipi?

What if it's Exim and Equity bank?
38.1% +7.8% = 45.9