ABN – Following recent struggles Kenya Airways has announced plans to sell some of its older planes and land assets.
The company has seen a drastic reduction in passenger traffic over the last year as a result of external factors such as Ebola and terrorism.
A Boeing 767, four Boeing 777-200 planes and Kenya Airways land will be sold to reduce the company’s ever-growing debt, which stood at US$6 billion as of 2014.
Fundraisers are now being held by the company.
Kenya Airways CEO Mbuvi Ngunze said: “We have a fundraising target in terms of these assets.”