Friday, August 7, 2015

Kenya Airways's deals with other airlines to be reviewed, CS Henry Rotich says

Chris Kirubi said the airline lacks experienced personnel and depends on KLM to run its
Treasury secretary Henry Rotich estimates that the budget deficit would reach 8.7 per cent of GDP in the current fiscal year. PHOTO | FILE
National Treasury Cabinet Secretary Henry Rotich. FILE PHOTO | NATION MEDIA GROUP
The government will review agreements between Kenya Airways and other airlines, National Treasury Cabinet Secretary Henry Rotich has said.
Speaking in an interview on Citizen TV on Wednesday night, Mr Rotich said some of the deals were not favourable to KQ.
He said KQ was facing competition from low-cost airlines.
Last week, Kenya Airways announced a Sh25.7 billion loss and it now requires about Sh100 billion in bailout money to stay afloat.
Businessman Chris Kirubi blamed the loss on poor management decisions, operational inefficiencies and failure to counter competition.
Mr Kirubi lamented that the airline lacks experienced personnel and depends on KLM to run its commercial affairs

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