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Article: Kenya Airways proposes setting up a regional carrier for East Africa
- Article from:
- AP Worldstream
- Article date:
- September 19, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: NAIROBI, Kenya
Kenya Airways has proposed setting up a regional East African carrier
rather than bid for a 49-percent stake in Air Tanzania, Kenya's national
carrier said Thursday.
"The decision was arrived at after careful evaluation of the potential
impact of the acquisition on shareholder value," a statement from
Kenya's privatized national carrier said.
Kenya Airways and South African Airways were the only two bidders
remaining in the competition to become the strategic partner in the
privatization of ...