Kenya's Jetlink Express (J0), grounded since November last year, has managed to convince 70% of its unpaid creditors to accept a business recovery proposal which would see the Kenyan domestic and regional carrier back in operations come October 1, though one, Kenya's Equity Bank, has remained adamant that it wants to see the bankrupt airline wound up and its debt of USD8.1million settled forthwith.
Showing posts with label Avmax Spares East Africa. Show all posts
Showing posts with label Avmax Spares East Africa. Show all posts
Tuesday, July 23, 2013
■ KENYA: So close yet so far as Jetlink Express struggles to sell its recovery plan to all its creditors.
Kenya's Jetlink Express (J0), grounded since November last year, has managed to convince 70% of its unpaid creditors to accept a business recovery proposal which would see the Kenyan domestic and regional carrier back in operations come October 1, though one, Kenya's Equity Bank, has remained adamant that it wants to see the bankrupt airline wound up and its debt of USD8.1million settled forthwith.
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