Two African airlines looking for financial backer for group Kenya CEO says governments plan to take minority stake
Kenya Airways Plc and South African Airways are planning a series of investor roadshows to help find a financial backer for a combined airline group they aim to create next year.
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The campaign to attract a majority investor for a holding company to be modeled on British Airways and Iberia owner IAG SA is likely to start before the end of the northern-hemisphere summer, Kenya Airways Chief Executive Officer Allan Kilavuka said in an interview on Thursday. Events will be staged in Africa, London and the U.S.
Source:
Bloomberg
