Cabinet approves Ksh.45 billion lifeline for Kenya Airways turnaround
Originally published by Citizen Digital — Read the original article →
The Cabinet has
approved USD 350 million (approximately Ksh.45 billion) in shareholder financing
for Kenya Airways to help the national carrier meet urgent financial
obligations, fund aircraft maintenance and return grounded planes to service.
The funds will be
disbursed in tranches under the oversight of the National Treasury, with a
repayment period of up to 10 years and the possibility of conversion into
equity, subject to the necessary approvals.
In a statement
issued after a Cabinet meeting at State House, Nairobi, on Friday, October 9,
2026, the government said the financing was part of measures to support the
airline’s long-term turnaround plan.
