Troubled carrier KQ defaults on $841m aircraft acquisition loan
Kenya Airways has defaulted on a $841.6 million loan from the American Exim Bank for purchase of aircraft, the National Treasury has said. PHOTO | FILE | NMG
Kenya Airways has defaulted on a $841.6 million loan from the American Exim Bank for purchase of aircraft, the National Treasury has said.
In its latest Annual Debt Management Report (2021/2022 fiscal year) that the loss-making national carrier secured the loan with a security from the national government but failed to repay.
