By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: DP Gachagua Blames Previous Govt For KQ ’s Financial Woes
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > DP Gachagua Blames Previous Govt For KQ ’s Financial Woes
News

DP Gachagua Blames Previous Govt For KQ ’s Financial Woes

hallanaija
Last updated: April 24, 2023 3:59 am
hallanaija 2 years ago
Share
KQ
SHARE

 Deputy President (DP) Rigathi Gachagua has blamed the previous government for mismanaging Kenya Airways (KQ).

Gachagua, while speaking at a meeting with Kenyans living in Botswana, stated that state capture is the reason why KQ is suffering from all its financial crises.

“I must be very honest to tell you that we have very serious challenges with KQ. KQ is hardly able to meet its operating expenses,” he stated.

KQ

The country’s second in command further said that the contract signed by some members of the former government and KQ would be very hard to come out of, leaving the airline at the mercy of state capture agents.

He, however, noted that the government is well in control of the matter, promising Kenyans in Botswana the resumption of  services once the financial crisis at the national carrier is dealt with.

“The government is well seized of the matter. Shortly KQ will be back on track,” he added.

The national carrier slipped deeper into losses for the financial year ended 2022, which the company attributed to high global fuel prices and a tight foreign exchange market.

READ MORE  Kenya Power confirms countrywide blackout

KQ’s financial statement for the period under review indicated that the airline’s losses more than doubled in comparison to the losses it made last year.

You Might Also Like

Russian Oil Tanks Burn Following Drone Attack

Operations resume at JKIA as stalled plane is finally removed from runway

Concerned by the increasing number of mob lynchings, police

At least 15 killed in fire at Indian hotel: police

‘Junior Secondary School students are free to use old uniforms’- Cabinet says

Share This Article
Facebook Twitter Email Print
Previous Article Totalenergies TotalEnergies in Sh14bn loans on high fuel costs
Next Article 60 killed in Burkina Faso ‘by men in army uniform’
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Sakaja defends clampdown on property owners over unpaid land rates
  • Man Utd captain Fernandes rejects Al-Hilal move
  • GG Kariuki’s widow Gladys Wairimu dies at 80
  • Rose Njeri released on Ksh.100,000 bond
  • Prosecution ordered to disclose evidence in case against Governor Natembeya

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?