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NAIROBI, March 31 (Reuters) – Kenya Airways KQNA.NR has sought an undisclosed sum from the federal government to assist to cowl vital prices equivalent to fee of workers salaries, its chairman stated on Tuesday.
The provider, during which Air France KLM AIRF.PA holds a small stake, is working solely a handful of home flights after the federal government stopped all worldwide flights final week to curb the unfold of the coronavirus.
“We’re asking for some help to assist the airline by means of this era for vital operational prices like salaries,” Michael Joseph informed Reuters.
The airline has already furloughed most of its staff and minimize all salaries by as a lot as 80%, together with for Chief Govt Allan Kilavuka, who was not instantly out there for remark.
The coronavirus disaster has hit the whole world aviation trade, however Kenya Airways was in a weak monetary place lengthy earlier than it began.
The federal government has been engaged on a plan to renationalise the airline, which is likely one of the largest on the continent, to put it aside from mounting money owed that had already been restructured in 2017 in an try to avoid wasting the enterprise.
There was no speedy remark from officers on how the coronavirus disaster will form the renationalisation plan.
(Reporting by Duncan Miriri Modifying by David Goodman)
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