Kenya Airways Denies Claims It's Selling 49% Shares To Delta Air Lines

• Kenya Airways (KQ) dismisses social media claims suggesting it is selling 49% of its shares to Delta Air Lines
• KQ and Delta Air Lines (DL) announced an expansion of their strategic partnership in August 2023, facilitating Kenya Airways’ nonstop Nairobi to New York service
• The extended partnership offers customers access to over 31 destinations in Africa and 57 cities across the United States and Canada

Elijah Ntongai, a journalist at TUKO.co.ke, has more than three years of financial, business, and technology research expertise, providing insights into Kenyan and global trends.

Kenya Airways (KQ) has issued a statement denying claims that it is selling 49% of its shares to Delta Air Lines.

Responding to recent claims on social media, Kenya Airways said:

"This is incorrect. No such statement has been issued by our CEO. Follow our official channels for up-to-date information."

What is the deal between Kenya Airways and Delta Air Lines

In August 2023, Kenya Airways PLC (KQ) and Delta Air Lines (DL) announced an expansion of their strategic partnership (codeshare) with the inclusion of Kenya Airways’ nonstop Nairobi to New York operated service.

The expanded partnership also offers customers additional travel options within the United States and increased flying opportunities within Africa, increasing customers’ travel options to more than 31 destinations in Africa and 57 cities across the U.S. and Canada.

Kenya Airways and Virgin Atlantic sign partnership deal

Additionally, Kenya Airways and Virgin Atlantic, members of the SkyTeam Airline Alliance, unveiled a strategic codeshare partnership in March 2024.

Virgin Atlantic will expand its reach by placing its code on Kenya Airways’ London flights, providing passengers with seamless access to Kenya Airways’ vast network of destinations across Africa and beyond.

In return, Kenya Airways will reciprocate by placing its code on Virgin Atlantic flights to picturesque Caribbean destinations like the Bahamas, Barbados, and Grenada, creating thrilling travel prospects for customers of both airlines.

Kenya Airways 2023 financial results

In other related news, Kenya Airways announced a drop in its losses, with the loss after tax reduced by 41% to KSh 23 billion from KSh 38 billion in its full-year 2023 financial results.

This development marked a significant improvement for Kenya Airways, which has been grappling with financial challenges exacerbated by the COVID-19 pandemic and other operational hurdles.

The reported decrease in losses is attributed to various strategic initiatives implemented by Kenya Airways in recent times.

Proofreading by Jackson Otukho, a multimedia journalist and copy editor at TUKO.co.ke

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Kenya Airways not selling shares to Delta Air Lines.

Kenya Airways Denies Claims It's Selling 49% Shares to Delta Air Lines

Kenya Airways CEO Allan Kilavuka announces plans to sell 49% of the