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Originally published by The Standard Business
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June 15, 2026
4h ago

KQ to revive grounded jets as it seeks Sh194b in turnaround funds

KQ to revive grounded jets as it seeks Sh194b in turnaround funds

The national carrier is also eyeing $1.5 billion (Sh194 billion) in fresh capital injection by March next year to fund its turnaround plans...

✨ Key Highlights

Kenya Airways (KQ) is seeking $1.5 billion (Sh194 billion) in turnaround funds and plans to revive three grounded Boeing aircraft by July 2026.

  • The airline aims to secure the capital injection by March next year from investors, government support, and structured financing.
  • The funds will address debt, liquidity pressures, operational challenges, and aircraft shortages.
  • Kenya Airways Board Chairman Kiprono Kittony cited geopolitical issues and fuel price volatility as major risks impacting the airline, which posted a Sh17.2 billion pre-tax loss for the year 2025.

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