The Cabinet on Friday, October 9, approved Ksh45.4 billion in new financing to support the turnaround of national carrier Kenya Airways.

🇰🇪 Breaking It Down

Kenyans.co.ke has established that the funds will cover urgent financial obligations, including aircraft maintenance and returning grounded planes to service.

As of September, KQ had three aircraft undergoing major service after hitting 12 years.

According to the Cabinet Dispatch, the financing will be disbursed in instalments with a repayment period of 10 years.

📰 Source: Kenyans.co.ke