Despite the failure, Finance minister says steps are being taken to set up a new national airline
Kenya Airways says rescue plan to cost $690m as seeks to emerge from country's biggest corporate loss
The carrier, based in the capital, Nairobi, has been working on a turnaround plan after posting a loss that shocked the region.
The airline, which has been surviving on a $895 million of government debt guarantees, last posted a full-year profit in 2011
Turnaround strategy has been crafted by global ‘Mr Fix-It’ consultants McKinsey and will stretch into 2017.
The continent’s richest are playing it safe, as Americans and Asians make money off unlikely industries and investments
South African Airways picks new CEO—its seventh in three years as African carriers' struggles continue
Thuli Mpshe held the position for just four months after the departure of her predecessor; state-owned carrier continues to absorb taxpayer funds.
British plane entering Egypt near where Russian jet crashed, 'missed rocket by 300m' in August - report
It was not a targeted attack and was likely connected to routine exercises being conducted by the Egyptian military in the area at the time.
Protective African states locking us out, discount airline Fastjet says as continental expansion plan struggles
‘Governments can’t run airlines, let private enterprise take its course. Competition is good for everybody. It drives out the inefficient': CEO
Air France is assisting in the development of the new airline, which will initially operate services to eight towns and cities.
Carrier growing to tap a market of 210 million potential customers in six countries, including Kenya, Uganda and South Africa.
Airlines in Africa, and the tale of democracy: Kenya and South African carriers bleed, while Ethiopian flies high
Perhaps there is something unique in the airline business that makes it easier for a "clever" and developmental authoritarian regime to find success.
UPDATE: Blaming rivals and low tourism numbers, Kenya Airways posts record $252m loss - that's nearly $700,000 every day
Nairobi-based carrier says it will seek $200m loan and sell off aircraft to stay afloat, as stock slides on worse-than-expected news.
Infrastructure, infrastructure, infrastructure was the constant refrain at the Johannesburg summit.
Costly tickets, monopolies, protectionism...but middle class, growth to still push African air travel, analysts say
The continent is increasingly being seen as the 'New China' with strong forecasts for take-off
ALERT: They are both happy figures, and not so happy ones
State-owned carrier, which at its peak flew to cities such as Sydney, London and Athens, declared itself insolvent this month.
Uganda's Museveni fumes with Kenya Airways. He's not the first; the story of African VIP run-ins with airlines
Former Malawi president Banda had to jump on US leader's Obama plane after her request to Botswana president Khama to hitch a lift was turned down.
Carrier’s current route network serves four towns in Tanzania and one city apiece in South Africa, Zambia, Zimbabwe and Uganda.
Carriers in the region have generally taken home a poor safety report card. Don't write them off yet: there is real hope for the $70 billion industry.