Kenya Airways receives $350 million state loan and loan conversion plan
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The Kenyan government has provided Kenya Airways with a new shareholder loan of $350 million on a ten‑year term to fund urgent operating expenses, maintenance and the re‑commissioning of grounded aircraft.
The government also agreed to convert existing state loans of about $945 million plus accrued interest into an equity‑like, tradable financial instrument to improve the airline’s equity position, while Kenya Airways is seeking a strategic investor and aims to raise roughly $1.5 billion as part of its restructuring, with plans to expand its fleet from around 42 to 60 aircraft by 2030.