Kenya Airways defaults on $216 million loan

Kenya Airways defaults on $216 million loan

Kenya’s national carrier, Kenya Airways is unable to repay loans from the country’s treasury. It is unable to repay interest on a $216 million (Sh25 billion) loan owed to the government in the year ended December. The loans were obtained by the airline in the face of...
LATAM lost $691.9 million

LATAM lost $691.9 million

During the 2021 third quarter, LATAM lost $691.9 million due to the impact of the COVID-19 pandemic, plus the increase in costs associated with aircraft maintenance, and one-off impacts, said the carrier in a statement.  Despite the loss, LATAM believes it is...