Nairobi, 2016-Feb-17 — /Travel PR News/ — Kenya Airways has appointed PJT Partners as the airline’s transaction advisor on its balance sheet restructure and long term capital refinancing, which is part of its turnaround strategy.
Kenya Airways GMD and CEO Mbuvi Ngunze said, “PJT Partners is a leading international investment banking firm with strategic airline advisory expertise necessary to counsel on Kenya Airway’s balance sheet restructure as well as capital raising. Their main business lines are on strategic advisory, restructuring as well as fund placement services.
“We are at a stage where our Turnaround Strategy is beginning to gain traction. Over the next six to nine months, we will work with PJT Partners and they will be instrumental in assisting the airline secure its future beyond the turnaround. The Board is confident that they are the right choice,” Mr Ngunze added.
PJT Partners and EMEA Restructuring head Martin Gudgeon said, “We look forward to helping Kenya Airways reshape and recapitalize its balance sheet to ensure the company’s full potential is realized.”
Ends//…
About Kenya Airways
Kenya Airways, a member of the Sky Team Alliance, is a leading African airline flying to 52 destinations worldwide, 42 of which are in Africa and carries over four million passengers annually. It continues to modernize its fleet with its 46 aircraft being some of the youngest in Africa. This includes its flagship B787 Dreamliner aircrafts. The on-board service is renowned and the lie-flat business class seat on the wide-body aircraft is consistently voted among the world’s top 10. Most recently it has scooped top awards at the Africa Investor (Ai) Tourism Investor Awards and was declared the Business Airline of the Year in Africa. Kenya Airways takes pride for being in the forefront of connecting Africa to the World and the World to Africa through its hub at the new ultra-modern Terminal 1A at the Jomo Kenyatta International Airport in Nairobi. For more information, please visit www.kenya-airways.com
The groundbreaking collaboration between two storied luxury brands continues to blend the artistry of collectible…
Signia by Hilton Amman will open in Jordan in 2025, marking the brand’s international debut…
(IN SHORT) IHG Hotels & Resorts has signed new agreements with JPMorgan Chase and other…
283-key conversion property will meet MICE demand when it opens later this year (IN SHORT)…
(IN SHORT) HUALUXE Hotels & Resorts, part of IHG Hotels & Resorts, is enhancing the…
(IN SHORT) Star Alliance has been named the World's Leading Airline Alliance for the fifth…
This website uses cookies.
