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Kenya Airways takeover law expected to be out by August

A Kenya Airways plane taxis on the runway at the Jomo Kenyatta International Airport terminal. PHOTO | FILE

What you need to know:

  • Last week, Treasury Secretary Ukur Yatani was reluctant to grant KQ its request for a Sh7 billion emergency bailout.
  • The parliamentary Transport Committee has come up with the National Aviation Management Bill 2020.

A legal framework for the nationalisation of Kenya Airways is set for discussion when Parliament resumes next week in what could change stakes for key shareholders that include a consortium of local banks and Royal Dutch Airlines.

The parliamentary Transport Committee has come up with the National Aviation Management Bill 2020, which seeks to guide the implementation of its earlier report that recommended a state takeover of the national carrier.