Nairobi, Sept. 14 -- The nationalisation of Kenya Airways #ticker:KQ (KQ) has suffered a setback after Parliament stalled a proposed law that seeks to return the national carrier to government ownership due to lack of public participation.
Members of Parliament stopped debate on the National Aviation Management Bill, 2020 because it lacks the input of Kenyans and other stakeholders in line with the Constitution.
The legal hitch looks set to further delay the plan to nationalise the loss-making Kenya Airways as regional competitors seeking to carve out market share pour cash into their national carriers.
Lawmakers rejected the bill last week, saying Parliament had received petitions from professional bodies like the Law Society of Kenya (...