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 Equity Bank. Show all posts
Showing posts with label Equity Bank. 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.
Monday, November 26, 2012
■ KENYA: Jetlink Express bankruptcy sucks in Ministers as creditors go to court.
Bankrupt Kenyan regional operator, Jetlink Express (J0), grounded since 16 November due to the inaccessibility of USD2million worth of funds currently locked up in South Sudan, has suffered yet another blow as creditors have begun to move in to secure their interests.
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