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.