Kenya Airways Ltd (KQNA.NR)
13 Nov 2017
NAIROBI, Nov 17 Kenya Airways reduced first-half losses by 20 percent, helped by cost cuts, and will start flights to New York next year, its new chief executive said on Friday as the company presses ahead with its turnaround.
* Minister cites "business case" for restructuring (Adds Air France-KLM comment)
NAIROBI, Aug 7 Kenya Airways has secured the backing of its minority shareholders to issue more shares and convert some debt into equity, it said on Monday, despite the opposition of some local lenders.
NAIROBI, June 8 Kenya will convert its $243 million in loans to Kenya Airways into equity, the government has said, as part of a broader restructuring to nurse the ailing airline back to financial health.
NAIROBI, June 6 Kenya will offer $750 million in guarantees to Kenya Airways' existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed on Tuesday.