President Ruto intends to sell a 48.9% stake in Kenya Airlines to the American airline Delta Air, according to a reliable source. During his visit to the United States, the president made the offer to the Delta executives.
Since 2012, Kenya Airways has not turned a profit. According to the head of state, it is not his business to manage KQ, and he is seeking investors who can help turn the company around and make it profitable.
Kenyans have reacted, with some claiming that Delta's refusal to buy will prevent the offer from being accepted and others feeling that it was a wise decision that will prevent taxpayer funds from being used to bail out KQ.
"Instead of continuing to fund Kenya Airways with tax dollars, we should sell all the shares to a private investor. The money can be used to buy stock in various businesses, construct dams, and plant trees," according to a comment.
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