Kenya's Parliament accepts proposal to nationalise Kenya Airways
Kenya's Parliament voted on Tuesday to accept a proposal to nationalise Kenya Airways as a way of rescuing it from mounting debts.
The loss-making carrier, which is 48.9% government-owned and 7.8% held by Air France-KLM, has been struggling to return to profitability and growth. A failed expansion drive and a slump in air travel forced it to restructure $2-billion of debt in 2017 to save the business.
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