Sessional Paper No. 05 of 1969 Government Guarantee of Purchase Moneys Payable by the East African Airways Corporation to British Aircraft Corporation (Holdings) Limited

Abstract

In accordance with section 5 of the Loans (Guarantee) Act 1966, the following information is laid before the National Assembly in connexion with a proposed guarantee by Kenya Government of one-third of the liability of the East African Airways Corporation for ·purchase moneys of the equivalent of approximately K£3,500,000 due by the Corporation to British Aircraft Corporation (Holdings) Limited. The East African Airways Corporation which is firmly established as an international airline of repute and which is a self-financing and viable undertaking has, over the yea.rs, continued to expand its operations over international routes. It now provides a daily service between Nairobi and London with calls at intermediate cities in Europe, a regular service to Pakistan and India and a Far East service to Bangkok and Hongkong. The· airline is a vital factor in the promotion of tourism to Kenya and to the Partner States of Tanzania and Uganda and provides valuable air cargo services· particularly for the horticultural products of Kenya…