Nairobi, April 15 -- The Treasury has made a U-turn on its pledge to end financial support to Kenya Airways (KQ) amid delays in securing a strategic investor for the loss-making national carrier.

KQ has disclosed that Treasury, the principal shareholder of the airline, has confirmed via a written commitment, that it will remain on standby to offer financial support past the December 2023 deadline it had issued mid-January last year.

"The government of Kenya has committed, through a letter of support, to continue providing the required financial support to the group and company to enable it (KQ) to implement its recovery programme and meet its financial obligations as and when they fall due, for at least the next 12 months from the date ...