Kenya’s Cabinet has approved a $350 million financing package to support Kenya Airways’ ongoing recovery and long-term turnaround plan. The funding is intended to address urgent operational needs, including aircraft maintenance and returning grounded aircraft to service, while strengthening the airline’s financial position. The government has also endorsed a proposal to restructure existing loans to improve the airline’s balance sheet and support future fundraising efforts. These measures aim to enhance operational reliability and safeguard Kenya Airways’ vital role in regional connectivity, tourism, and trade.

Source: Kenya's Cabinet Approves $350 Million Financing Package for Kenya Airways