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 The government has provided Ksh4 billion loan while the African Export-Import Bank has approved $200 million bridging loan to Kenya Airways (KQ) to help the national carrier to service its debts.
National Treasury Cabinet Secretary Mr. Henry Rotich told a senate committee last week in Parliament buildings that the KQ troubles are being audited before far-reaching actions are taken with regard to the Ksh25.74 billion loss incurred by the airline.


The two new loans provided to KQ could help the national carrier complete the financing needed to take delivery of two Boeing 787-8 aircraft now in storage in Everett, Washington, USA.
The two Dreamliner aircraft, produced at Boeing’s North Charleston, South Carolina, assembly line early this year, were recently flown to the larger Everett site for “short-term storage”, while the airline worked out a financing package for the planes.
KQ, which is part owned by Air France-KLM, has reported losses for the past three years due to a slump in tourism after a number of terrorists attacks in Kenya.
Boeing said it was working closely with the airline to meet its fleet needs, but declined to discuss any specifics about the two jets in question, the delivery schedule for any aircraft ordered by the airline or agent.
Boeing spokesman Marc Birtel said in a statement that the sequencing and scheduling of aircraft deliveries change for many reasons, including Boeing needs, customer needs or a combination of the two.
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