Sessional Paper No. 07 of 1989 on Kenya Government Guarantee of Loans to Kenya Airways Limited

Abstract

In accordance with the provisions of the Guarantee (Loans) Act (Cap 461) the following information is laid before the National Assembly for consideration and approval. Kenya Airways is a body corporate existing under Companies Act (Cap. 486) of the Laws of Kenya. Kenya Airways has a share capita1 of KShs.100 Million and it is wholly Government owned. Kenya Airways as the national flag carrier plays an important and crucial role in the promotion and sustenance of our Nationhood; The tourist industry and the export trade; especially for perishable. By virtue of Kenya Airways being a wholly owned Government entity, the Government is interested in the operation viability and well being of Kenya Airways...