Kenya takes over flag carrier's debt

1995-07-19T00:00:00

THE KENYAN Government has taken over 6.7 billion Kenyan Shillings ($122 million) of debt from flag carrier Kenya Airways as a prelude to its privatisation (Flight International, 7-13 June). The move is believed to leave the carrier, which has returned to profit recently after heavy restructuring, with debt of around ...

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