Kenya Airways appoints new transaction advisor

Kenya Airways has appointed PJT Partners as its transaction advisor on its balance sheet restructure and long-term capital refinancing, which is part of its turnaround strategy. Kenya Airways group managing director and CEO Mbuvi Ngunze said in a statement: “We are at a stage where our turnaround strategy is beginning to gain traction. Over the next six to nine months, we will work with PJT Partners and they will be instrumental in assisting the airline to secure its future beyond the turnaround.”