Kenya Airways continues turnaround strategy
Kenya Airways has appointed PJT Partners as a transaction advisor on its balance sheet restructure and long-term capital refinancing, which is part of its turnaround strategy. “We are at a stage where our turnaround strategy is beginning to gain traction. Over the next 6 to 9 months, we will work with PJT Partners and they will be instrumental in assisting the airline to secure its future beyond the turnaround,” group managing director and CE Mbuvi Ngunze Ngunze said. Kenya Airways reported a net loss of KSh25.74b (US$274m) for the 2014-15 financial year, deepened from a KSh3.38b net loss in the year-ago period. Several media outlets have reported that the Kenyan govt, which holds a 29.8% stake, has said the carrier requires a capital injection of $500m-$600m to survive. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-22/sky/kenya-airways-continues-turnaround-strategy
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Kenya Airways continues turnaround strategy
Kenya Airways has appointed PJT Partners as a transaction advisor on its balance sheet restructure and long-term capital refinancing, which is part of its turnaround strategy. “We are at a stage where our turnaround strategy is beginning to gain traction. Over the next 6 to 9 months, we will work with PJT Partners and they will be instrumental in assisting the airline to secure its future beyond the turnaround,” group managing director and CE Mbuvi Ngunze Ngunze said. Kenya Airways reported a net loss of KSh25.74b (US$274m) for the 2014-15 financial year, deepened from a KSh3.38b net loss in the year-ago period. Several media outlets have reported that the Kenyan govt, which holds a 29.8% stake, has said the carrier requires a capital injection of $500m-$600m to survive. <br/>
