Kenya Airways has ruled out the sale of shares to a strategic investor as part of its recovery plan, even as the Kenya government -- which owns majority stake (48.9 percent) in the national carrier -- mulls surrendering its entire shareholding to a deep-pocketed investor to turn around the company’s fortunes through injection of new capital and technical expertise.
Allan Kilavuka, the airline’s CEO, told The EastAfrican on Thursday that the strategic investor is meant to inject additional capital to the business and not to buy shares owned by the government.
