Kenya Airways (KQ) is reassessing its 41.23% stake in Precision Air, its Tanzanian subsidiary, as financial woes continue to deepen for the Dar es Salaam-based carrier. With liabilities exceeding total assets, Precision Air is in a state of technical insolvency, casting serious doubts over KQ’s ability to recover its investment, which is currently valued at approximately Tsh1.32 billion ($498,383).
This development comes as Precision Air struggles with mounting losses, significant…
