Kenya Airways' $1.5 Billion Capital Restructuring Plan

Kenya Airways Plc, also known as KQ, is pursuing a bold financial restructuring plan to raise up to $1.5 billion in fresh capital. This initiative, aimed at revitalizing the carrier and alleviating the burden on state resources, represents a significant shift from its historical reliance on the National Treasury for loan repayments and operational expenses. According to CEO Allan Kilavuka, the airline did not receive direct government support in the past year. Two years ago, the company had forecasted that the restructuring process would entail a cost of approximately $1 billion. The restructuring plan reflects Kenya Airways' commitment to chart a more self-sufficient and sustainable financial path, marking a pivotal moment in its journey to financial stability and operational independence.