How Much Does Kenya Airways Need For A Bailout?
Profit at the carrier, which is part-owned by AirFrance-KLM, lost 29.71 billion shillings ($294.30 million) before tax during the year. Debts climbed and shareholder equity turned negative.
The losses were driven by a slump in Kenyan tourism caused by frequent Islamist militant attacks, at a time when the carrier had taken on debts to buy new planes.
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