Members of the National Assembly (MPs) have suspended plans by Kenya Airways to payout Ksh150 million to a transaction advisor in the Jomo Kenyatta International Airport (JKIA) takeover.
The MPs, members of the Public Investments Committee, instructed Kenya Airways not to proceed with the payment.
The committee’s chairman, Abdullswamad Nassir stated: “The deal seems to only benefit KQ which is a loss-making institution compared to KAA which made a profit of Ksh3.8billion.”
The suspended payment was to be paid to the advisory firm which had been tasked to oversee the merger.
However, the MPs advised that all dealings between KAA and JKIA be suspended until further authorisation.
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Although, the committee weighed in on the issue, they were informed that they are not part of the discussions on the merger between the two entities.
Additionally, there were claims that the proposal came from KQ with recommendations allegedly from ‘the highest office in the land.’
It is also reported that following past discussions on the same, Transport PS Esther Koimet directed KAA to finalise the merger as soon as possible.
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