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Kenya Airways Gets Parliament Backing For Debt Guarantee

Kenya’s parliament has approved a KES77.5 billion (USD$747 million) loan guarantee for Kenya Airways as the West African airline continues its restructuring efforts. The government’s support also includes the conversion of existing loans to the airline into equity. The amount currently owed to the government is about USD$243 million including accrued interest.

Kenya Airways Gets Parliament Backing For Debt Guarantee

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