KQ denies racket in aircraft purchase deal
14 November 2012, 15:23
Nairobi - National carrier Kenya Airways (KQ) has denied allegations that there is a mystery over the ownership of two offshore companies associated with the purchase of new aircraft.
In a statement to Capital News, KQ Managing Director Titus Naikuni said the two firms, Samburu Limited and Amboseli Limited based in Cayman Islands, were incorporated by the airline’s lenders Standard Chartered Bank and the African Export Import Bank (Afriexim) as part of a financing agreement to purchase 10 new Embraer ERJ-190 from South America.
The issue was started when representatives of retrenched Kenya Airways employees raised alarm that the two firms are owned by Kenyans, some of whom are in the management of the airline, to benefit in the purchasing.
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