Kenya Airways (KQ) incurred an additional Kes 11.3 billion in debt in the fiscal year that ended June 30, indicating a drawdown of some of the government-promised bailout funds.
KQ has been receiving new government loans in tranches since 2020 when it required assistance to see it through the grounding of its fleet following the ban on international flights as Kenya and other nations raced to contain the spread of Covid-19.
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