We must save KQ, says Kirubi
06 August 2015, 10:16
Nairobi - Business mogul, Chris Kirubi has said Kenya Airways (KQ) must be saved before its total collapse.
Kiubi, who is a shareholder at KQ said he will keep his shares with the airline despite the financial woes it is currently facing.
“I will continue to invest in KQ as long as the government invests to save the airline,” Kirubi said.
He said Kenyans should look at what KQ means to the country’s economy, adding that its collapse would be an expensive affair.
“KQ should be safeguarded for the benefit of this country. Most of our neighbouring countries do not have a national airline; we are privileged to have KQ, let us save it from collapsing,” he said.
According to Kirubi, there are two scenarios to choose from, Kenya with a national airline or Kenya without an airline.
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“KQ is a goldmine that we can’t afford to lose. Many people will suffer if we choose to go with the second scenario,” he said.
He said KQ is facing a management crisis which should be addressed immediately, to bring it back on its feet.
“Who advised the management to acquire new planes at a costly price, and run into debts, then tell us that they have made a loss?
“KQ should first review its agreement with KLM, which has failed to deliver in the first place. There is no way your competitor can be a shareholder in your company,” Kirubi said.
His sentiments were echoed by Treasury Cabinet Secretary, Henry Rotich who said the agreement between KQ and KLM will be reviewed.
Rotich said KQ has made Nairobi an international hub, and the government does not want it to collapse.
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