Kenya Airways Considers Debt-to-Equity Conversion as Financial Health Improves
In an interview with the Kenyan newspaper Business Daily on Sunday, September 1, 2024, Kenya Airways (KQ) CEO Allan Kilavuka revealed that the partially state-owned airline is exploring the possibility of converting some of its loans into shares to diminish its debt burden and bolster its equity. The airline had previously executed a similar swap in 2017, enabling KQ Lenders 2017 Ltd (a consortium of Kenyan banks) to secure a stake in the company.
Subscribers' Area
You still have 91% of the article to read (718 words)
Access to this entire article is reserved for members with an account
I subscribe( 8 USD)
