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HomeBusinessEconomyDebate on Bill to re-nationalise Kenya Airways slated for Tuesday

Debate on Bill to re-nationalise Kenya Airways slated for Tuesday

Kenyan Airways resumes domestic passenger flights

The National Assembly is set to debate the Bill that will see the renationalisation of the national carrier, Kenya Airways (KQ).

The bill will be tabled Tuesday by the Chairman of the Transport Committee, Pokot South Member of Parliament, David Pkosing.

Under the Bill, the government, which owns 48.9 percent of KQ, is expected to buy out the remaining holders of 51.1 percent of the shares and form an Aviation Holding Company to run the national carrier and Kenya Airports Authority (KAA), which manages airports in the country.

The bill follows last year’s adoption of a report by the National Assembly to renationalise KQ in a bid to revitalise the loss-making national carrier.

Kenya Airways Chairman, Michael Joseph said the bill’s implementation could be delayed as consultations with the airline’s shareholders get underway.

KQ will, as a new outfit, carry a new share capital of Ksh.7.5 billion upon nationalization should the August House approve the Bill.

A new National Civil Aviation Council chaired by a Chairperson and drawing memberships from the Transport, Interior and Treasury Cabinet Secretaries is expected to act as oversight for the new Corporation.

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