Kenya Airways Seeks State Takeover of Government-Guaranteed Debt
- Carrier targets 10% of passenger revenue from charter flights
- Airline has new unit to operate unmanned aerial vehicles
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Kenya Airways Plc‘s head said the government should step in to repay $750 million of state-guaranteed debt to help the East African carrier emerge from the Covid-19 crisis that has battered the industry.
The airline is scheduled to resume repayments of the sovereign-backed debt next month, following a moratorium negotiated with lenders following the grounding of most international travel a year ago, Chief Executive Officer Allan Kilavuka said Friday in an interview.