Kenya Airways Plc has started the process of identifying suitable partners to support capitalization of the company to boost its efforts to reduce debt and expand operations.
KQ, as the carrier is known, plans to announce a strategic investor by the end of this year, Chief Executive Officer Allan Kilavuka said Tuesday in a virtual briefing. The carrier, which is 48.9% state-owned, didn’t receive a direct disbursement from the National Treasury last year and instead got support in restructuring some debts, he said.