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The role of Kenya Airways management is under investigation in the sh25.7 billion loss that was recorded recently by the airline.
National Treasury Cabinet Secretary Mr. Henry Rotich said an overhaul of the management was among the options being considered.
“All aspects are being looked into, including doing an audit to determine the role the management played in the collapse of KQ,” Mr. Rotich said.


While speaking during a meeting with the airline’s bosses at Serena Hotel in Nairobi, the Cabinet Secretary said the meeting was just a plenary one that we are holding with the management to see how we can bail out the company, adding that their priority was to find ways to turn around the firm.
The government has sent experts and external auditors to investigate the affairs of the airline. Two foreign firms – McKinsey and Seabury – have been hired to examine what went wrong and provide viable solutions.
The government was yet to determine how much money it would pump into the company and the amount would only be known after an audit, he said. A turnaround strategy is expected to be ready in two months.
The government, through the National Treasury, owns 29.8 percent shares in the firm, while Dutch airline KLM also listed among top shareholders, with 26 percent.
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