https://af.reuters.com/article/idUSKBN1W210O
Kenya Airways chairman calls for professional board after nationalisation
Kenya Airways (KQ) must avoid picking a board packed with politically connected individuals after it is re-nationalised in order to ensure future success, its chairman said on Tuesday.
KQ chairman Michael Joseph said the requirement for professionals to be put in charge of the airline is being built into draft laws that will guide the renationalisation.
“It must be run in a commercial way,” he told reporters on the sidelines of an aviation meeting.
“We do not want to create a situation that we had before, where you nationalise the airline and all it becomes is a department of government. The board of directors is loaded by friends of politicians.”
Kenya wants to emulate countries like Ethiopia, which runs air transport assets – from airports to fueling operations – under a single company, using funds from the more profitable parts to support others.
Under the model approved by lawmakers, Kenya Airways will become one of four subsidiaries in an Aviation Holding Company.
The others will be Jomo Kenyatta International Airport (JKIA), the country’s biggest airport, an aviation college and Kenya Airports Authority, which will operate all the nation’s other airports.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle