AGL 34.80 Decreased By ▼ -0.40 (-1.14%)
AIRLINK 122.84 Decreased By ▼ -0.39 (-0.32%)
BOP 5.05 Increased By ▲ 0.01 (0.2%)
CNERGY 3.90 Decreased By ▼ -0.01 (-0.26%)
DCL 8.20 Increased By ▲ 0.05 (0.61%)
DFML 43.60 Decreased By ▼ -0.62 (-1.4%)
DGKC 74.69 Increased By ▲ 0.34 (0.46%)
FCCL 24.76 Increased By ▲ 0.29 (1.19%)
FFBL 49.53 Increased By ▲ 1.33 (2.76%)
FFL 8.76 Decreased By ▼ -0.02 (-0.23%)
HUBC 144.45 Decreased By ▼ -1.40 (-0.96%)
HUMNL 10.80 Decreased By ▼ -0.05 (-0.46%)
KEL 3.99 Decreased By ▼ -0.01 (-0.25%)
KOSM 7.99 Decreased By ▼ -0.01 (-0.13%)
MLCF 32.60 Decreased By ▼ -0.20 (-0.61%)
NBP 57.36 Increased By ▲ 0.21 (0.37%)
OGDC 145.00 Decreased By ▼ -0.35 (-0.24%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.77 Increased By ▲ 0.01 (0.17%)
PPL 116.50 Decreased By ▼ -0.30 (-0.26%)
PRL 24.07 Increased By ▲ 0.07 (0.29%)
PTC 11.08 Increased By ▲ 0.03 (0.27%)
SEARL 58.80 Increased By ▲ 0.39 (0.67%)
TELE 7.55 Increased By ▲ 0.06 (0.8%)
TOMCL 40.80 Decreased By ▼ -0.30 (-0.73%)
TPLP 8.26 Decreased By ▼ -0.05 (-0.6%)
TREET 15.10 Decreased By ▼ -0.10 (-0.66%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.81 Decreased By ▼ -0.04 (-0.14%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
BR100 8,597 Increased By 24.8 (0.29%)
BR30 27,275 Decreased By -0.8 (-0%)
KSE100 81,705 Increased By 246.1 (0.3%)
KSE30 25,880 Increased By 80.4 (0.31%)

Kenya Airways on Thursday announced the resignation of its chief executive officer, a move demanded by pilots complaining of mismanagement at the troubled airline. CEO Mbuvi Ngunze will step down in the first quarter of 2017. His resignation follows that of chairman Dennis Awori only last month. "While I regret this decision, I respect his position," said the airline's new chairman, Michael Joseph.
The airline in October averted a crippling strike by pilots demanding that management step down after what they called disastrous strategic decisions that left the company in severe financial difficulty. The strike would have struck a major blow to the embattled airline, already facing growing criticism over alleged corruption, flight delays and high prices.
However it was put on hold as the government assured the strikers of change at the top. Joseph said the airline would find its next CEO within three months. Kenya Airways in July posted a net annual loss of 26.22 billion shillings ($250 million/230 million euros) - the worst ever by a Kenyan company. The airline, whose slogan is "Pride of Africa", is among the 10 biggest in Africa, with key connections to Europe and Asia.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.