Kenya Airways needs Ksh.45B to make it profitable: Michael Joseph
Kenya Airways Chairman Michael Joseph has said the airline needs Ksh. 45billion to turn around to profitability.
Speaking in New York on the JKL show together with outgoing CEO Sebastian Mikoz, he expressed dismay at the State’s reluctance to change the company’s fortunes.
“It’s frustrating how the government is reluctant to act on anything …and as every one knows I am very impatient and I need this turnaround to have been done by yesterday,” he said.
Mr. Mikosz further accused the government of allowing political interference and lack of knowledge which according to him is what killed the PIIP proposal.
“The bull**** needs to stop. This is a political decision that has seen the airline lose out to other competitors in the region …in the long term JKIA will be around but KQ ………,” he posed.
The CEO maintained that JKIA’s position as a regional hub has the potential of aiding the airline to turn around its fortunes.
He intimated that his departure from the airline was due to a culmination of reasons including personal attacks.
“There are a lot of things that made me do this, I mean, I cut my contract by 5 months,” he told Citizen TV‘s Jeff Koinange.
Kenya Airways is marking its one year anniversary of direct flights to the US where over 105,000 passengers travelled using the airline during the period.
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