Kenya Airways defaults on Sh25bn State loans
Kenya Airways defaulted on interest for a Sh25 billion loan owed to the government in the year ended December, highlighting the financial hit the airline took from the pandemic disruptions.
The national carrier revealed in its report for the year ended December that it did not make any payment for the loans that were taken in two tranches last year and in 2020.
Kenya Airways applied for the loans after grounding its fleet following the ban on international flights as Kenya and other nations raced to curb the spread of Covid-19. BY DAILY NATION

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