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Bloomberg
Kenya Airways Plc is appealing for a cash bailout from the government to be able to survive the next
six months as the partially
state-owned carrier runs out of money after grounding all international flights to help contain the coronavirus.
It will cost the airline about $5 million a month to manage its grounded fleet and retain a workforce operating on lower pay from this month, Chairman Michael Joseph said by phone. The company was already losing $8 million
a month before the Covid-19 pandemic forced it to shrink its network.
“You have these massive airplanes that cost an enormous amount of money whether they fly or not,†Joseph said.