Kenya Airways prices rights issue

Kenya Airways has priced its $250 million cash call at 14 shillings ($0.17) per share, a 32% discount to the shares’ average price over the last three months, it said today. The airline, which is 26% owned by AirFrance KLM , wants to buy new aircraft with funds raised from the rights issue, in line with its plans to double its fleet in the next five years and a longer-term 10-year expansion drive. Chief executive Titus Naikuini said the airline, one of Africa’s leading carriers, wanted to add 73 wide and narrow-bodied aircraft to its current fleet of 34, as