Cash-short KQ seeks rich partner, ditches Dreamliners

Airline announced Sh10bn loss in the half year, the worst in Kenya’s corporate sector. Airline to lease remaining three aircraft as it eyes middle east carriers like Qatar and Emirates in a cash-for-equity deal. Cash-strapped Kenya Airways has initiated talks with an airline from the Middle East in a bid to raise cash in exchange for equity.

Monday, May 04, 2015