Kenya Airways May Need USD$600 Mln Bailout

Kenya Airways, which reported a record loss in its year ended March, may require a USD$500 million - USD$600 million bailout, the Kenyan finance minister said.

Henry Rotich said the final figures and the form of recapitalisation would depend on a turnaround plan being prepared by McKinsey and Seabury consultants, who were hired by the airline.