SHARE
Former Safaricom Chief Executive Michael Joseph who is now the chairman of the board of Kenya Airways

Kenya Airways Chief Executive Officer Mbuvi Nguze will continue serving at the helm of the ailing airline.This was announced by newly appointed Chairman Michael Joseph in a new strategy for the national carrier.

This is despite turnaround Kenya Airlines Pilots Association demanding for his exit.

The new board chairman who took over from Dennis Awori admitted that there are challenges in the airline but assured he is up to the task.

KQ which has been through the most turbulence of time in the last three years could soon be on a safe zone.

According to incoming Chairman Michael Joseph, a new strategic direction for the airline will seen KQ regain its pride.

The new turnaround strategy dubbed ‘Operation Pride’ will prioritize pricing, strengthening management and renegotiating debt.

Kenya airways made a loss of 4.7 billion shillings in half year ended September 30, 2016, a marked improvement from the 11.9 billion shillings it posted same period last year.

Joseph said the Board and the pilots’ association held talks and agreed to drop the pilot’s demand.

He added discussions on a strategic investor will come up in the first quarter of 2017.

SHARE

NO COMMENTS