Kenya will offer $750-million in guarantees to Kenya Airways’ existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed on Tuesday. The guarantees, approved by the cabinet, will cover $525-million owed to the US Exim Bank and the rest to local lenders, said the document seen by Reuters.
Source: www.engineeringnews.co.za
Kenya government to guarantee 0m in Kenya Airways debt
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