Madagascar Airlines (MD, Antananarivo) has confirmed the extension of CEO Thierry de Bailleul's mandate, ensuring continuity in its transformation under the World Bank-backed "Phenix 2030" strategic plan, the airline said in a statement. “At the request of the Malagasy State and the Board of Directors, I have agreed to extend my mission... This extension is [...]
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Kenya Airways (KQ, Nairobi Jomo Kenyatta) has secured USD50 million in short-term loans from local commercial banks amid delays in a planned USD500 million capital raising via a strategic investor, Kenya's Business Daily newspaper reported. The bridge financing, meant to cover urgent working capital needs such as spare parts and engine servicing, comes as the [...]
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