Treasury Cabinet Secretary John Mbadi announced
plans to attract an investor who would inject between $1.2 billion and $2
billion, plus aviation know-how to fix operations, fleet, and staffing.
The government holds a 48.9 percent stake and
recently shifted Sh63.1 billion in debt to taxpayers, planning to convert it to
equity once a partner signs on.
After posting a Sh12.15 billion loss in early
2025 amid grounded planes and fewer passengers, this fulfills an IMF loan
condition and aims to preserve KQ's role as Kenya's aviation hub without major
disruptions.