Kenya Air may need half a billion dollar bailout

This figure and the the form of recapitalisation would depend on a turnaround plan currently being prepared by two consultancy firms: McKinsey and Seabury.


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Kenya Airways posted a record loss in its year ended March and may now need a bailout of more than half a billion dollars. Kenya’s finance minister, Henry Rotich, said the national flag carrier may require a bailout to the tune of US$500 million to US$600 million, according to a Reuters report. This figure and the the form of recapitalisation would depend on a turnaround plan currently being prepared by two consultancy firms: McKinsey and Seabury.


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