The suspension was put in place to help Kenya Airways restructure its business. Now that the airline is making a profit again, the suspension has been removed. In August 2024, Kenya Airways reported its first profit in over ten years for the six months ending June 30. This improvement is mainly due to its “Project Kifaru” plan, which focuses on making the airline more stable and rebuilding trust with investors.
A key factor in the decision to resume trading was the repeal of the National Aviation Management Bill, a legislative proposal introduced in 2020 to create a state-controlled holding corporation for Kenya Airways and the Kenya Airports Authority. The goal of the bill was to help the airline deal with its financial challenges, like increasing debt and ongoing losses, which had made it less competitive.
Michael Joseph, the Chairman of Kenya Airways, had earlier said that the company is focused on finishing a plan to restructure its finances. This plan aims to lower debt and improve cash flow. He stressed that these steps would give the airline a better base for long-term growth.
