Kenya Airways, SAA Plan Investor Hunt for Pan-Africa Carrier
- Two African airlines looking for financial backer for group
- Kenya CEO says governments plan to take minority stake
This article is for subscribers only.
Kenya Airways Plc and South African Airways are planning a series of investor roadshows to help find a financial backer for a combined airline group they aim to create next year.
The campaign to attract a majority investor for a holding company to be modeled on British Airways and Iberia owner IAG SA is likely to start before the end of the northern-hemisphere summer, Kenya Airways Chief Executive Officer Allan Kilavuka said in an interview on Thursday. Events will be staged in Africa, London and the U.S.