Tag: Air France-KLM
With the news of the possible move to level 1 lock-down in South Africa, tourism bodies have been lobbying to reopen international borders for travel. The travel restrictions have had a dire impact on Africa’s airline industry and they are ready to go back to work according to Air France-KLM, joining CNBC Africa for more is Wouter Vermeulen, General Manager for Southern Africa at Air France-KLM.
Kenya's parliament voted to nationalise the country's main airline Kenya Airways to save it from mounting debts. The loss-making airline, which is 48.9 per cent government-owned and 7.8 per cent held by Air France-KLM, has been struggling to return to profitability and growth but is this the best long term solution for the struggling carrier? Tony Payne, Partner at DLA Piper joins CNBC Africa for more.
The Kenyan airline, which is 48.9% government-owned and 7.8% by Air France-KLM, restructured $2 billion of debt in 2017.