NEWS

KQ boss Sebastian resigns after failed KAA merger

KQ CEO Sebastian Mikosz in this file picture|Courtesy

Kenya Airways chief executive Sebastian Mikosz has resigned throwing the turnaround efforts into a spin and casting doubt on the health of airline.

“I have decided to resign on personal grounds effective December 31, 2019,” the Mikosz wrote in a statement shared on Twitter.

He wrote that his is proud of the work the company has done in narrowing the troubled airline’s losses from Sh24 billion to Sh7.5 billion in four years.

The MPs in February rejected the proposed merger between KQ and KAA in which KQ was takeover the operations of JKIA and help plug its revenue hole.

Mikosz had said earlier that if nothing changes, concerning the failed attempt to take over operations of the airport, then the carrier will—in a span of five years—diminish to the level of its low cost subsidiary Jambojet and lose its prestigious tag of the Pride of Africa.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
WhatsApp chat