Of Government’s Interest and National Carrier Chinedu Eze What many African governments have found difficult doing is operating successful and profitable business. In Nigeria, the Nigeria Nation
What many African governments have found difficult doing is operating successful and profitable business.
The latest information on Kenya Airways is that its shares have been suspended from trading for an additional year from January 5, according to a statement from the Nairobi Stock Exchange. The airline, led by CEO Allan Kilavuka, plans to cut its fleet from 32 planes to 27 and further optimise its network to cut 12 loss-making routes.
The Director of Research, Zenith Travels and the publicity secretary of Aviation Round Table , Olu Ohunayo, told THISDAY that Kenya Airways has just shown that government participation in business is no business. Here is an airline that is wholly owned by the government, they went into partial privatisation, it failed. They got a core investor; they had issues because of too much interference.
“So they need a strong strategic investor outside Africa to be able to compete in that hub, that East African hub with Ethiopian Airlines and that is the situation they found themselves now,” he also said.
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