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Kenya Airways rejects cargo spin-off, seeks $2bn investor
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Kenya Airways rejects cargo spin-off, seeks $2bn investor
Kenya Airways (KQ, Nairobi Jomo Kenyatta) is rejecting bids to spin off its cargo division, with group managing director and CEO George Kamal arguing that maintaining an integrated model is essential to preserving operational synergies and financial stability while the carrier seeks a USD2 billion strategic investor, according to The Africa Report and The East African news sites. Kenya Airways is in talks with at least four strategic investors d…
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