Kenya Airways is reported to have selected financial advisers Seabury Securities to help the airline evaluate options to restructure its debt. The airline, which is 48.9% owned by the state, is reported to be facing mounting debts and depressed passenger demand amid pandemic-related travel restrictions. The airline’s debt totalled 92.5 billion shillings ($847 million) at the end of 2020.
Tags:
Kenya
Related posts
Afreximbank to aid Arik Air
26th September 2016