Kenya Airways CEO ties return to full pay on debt restructuring

Kenya Airways CEO ties return to full pay on debt restructuring

Kenya Airways Chief Executive Allan Kilavuka. [David Njaaga, Standard] Kenya Airways (KQ) Chief Executive Allan Kilavuka says reinstating full salaries for employees will depend on sustained revenue recovery and renegotiating debts with creditors. He says the airline has seen an improvement in revenues but not enough to lift the current 30 per cent pay cuts […]

Kenya orders mandatory rapid test for travellers from 11 countries

Kenya orders mandatory rapid test for travellers from 11 countries

Kennedy Wafula, a laboratory technologist at Aga Khan University Hospital, obtains a swab sample during a free Covid-19 PCR testing Travellers from 11 countries will have to undergo a mandatory rapid antigen test before entering the country, Kenya Civil Aviation Authority (KCAA) has directed. The countries include South Africa, Botswana, Zimbabwe, Malawi, Eswatini (Swaziland), Lesotho, […]

Kenya to revamp debt rules as IMF says Kenya Airways nationalisation shelved

Kenya to revamp debt rules as IMF says Kenya Airways nationalisation shelved

Kenya’s Finance Cabinet Secretary Ukur Yatani presents the Government Budget for the 2021/22 fiscal year inside the Parliament buildings in Nairobi, Kenya June 10, 2021. REUTERS/Monicah Mwangi NAIROBI, Dec 23 (Reuters) – Kenya aims to replace a nominal public debt ceiling with a debt anchor as a percentage of gross domestic product by the end […]

Job cuts loom after State drops Kenya Airways nationalisation

Job cuts loom after State drops Kenya Airways nationalisation

A container of live fish before being loaded in Kenya Airways plane at Moi International Airport. The government has dropped plans to nationalise Kenya Airways (KQ). The National Treasury will instead roll out a $1.3 billion (Sh147 billion) multi-year restructuring programme that includes taking over debts. The change of plan is contained in the latest […]

Embraer's Eve secures LOIs for eVTOLs, to list at NYSE

Embraer’s Eve secures LOIs for eVTOLs, to list at NYSE

Widerøe Eve Urban Air Mobility Solutions SkyWest and Republic Airways Holdings , the parent companies of US regional capacity providers SkyWest Airlines and Republic Airways , have signed tentative orders for 100 and 200 electric vertical take-off-and-landing (eVTOL) aircraft manufactured by Eve Air Mobility, a subsidiary of Embraer . Both Memoranda of Understanding are non-binding […]