Kenya Airways plans to cut back to meet Covid-19 crisis

An internal Kenya Airways memo from its CEO, Allan Kilavuka, dated July 3 and leaked to the Reuters news agency by July 6, stated that Kenya’s national flag carrier was going to have to downsize in order to survive the crisis created by the Covid-19 pandemic. Kenya halted all commercial air traffic to try and stop or reduce the spread of the disease. Kenya Airways is a public-private partnership with the Kenyan State as the biggest, but not a majority, shareholder. The airline is 48.9%-owned by the State, 38.1% by lenders, 7.8% by the Air France-KLM group, 2.8% by individual shareholders and 2.4% by Kenya Airways employees. 

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