Kenya’s national airline has told the BBC the amount of money it is trying to repatriate from Ethiopia, Malawi and Nigeria is $28m (£24m).
Kenya Airways Chief Executive Allan Kilavuka made the disclosure a day after the airline reported a loss of $82m in the first half of 2022.
It is among the airlines unable to withdraw their earnings from the three African countries because of a foreign currency crisis.
Foreign airlines are required to sell their services using local currency, which is later converted to US dollars and repatriated to the airline’s home country.
This has not happened because of a shortage of foreign currency, proving a significant setback to the operations of Kenya Airways, which has been unprofitable in recent years.
Plans to return to profitability have been heavily dependent on funding from the Kenyan government - one of its major shareholders.
The airline says it is relying on diplomatic talks led by the Kenyan authorities for the funds in Ethiopia, Malawi and Nigeria to be released.
The International Air Transport Association (Iata) says up to $1bn is owed to airlines across Africa, which poses yet another risk to the aviation industry already hit by the Covid-19 pandemic.
Latest Stories
-
Feedback from Klopp, others more valuable than just anybody – Otto Addo to critics
8 mins -
Support us if you want to qualify for the World Cup – Otto Addo to Ghanaians
26 mins -
Defective ballot papers for Ahafo and Volta Regions destroyed by EC
29 mins -
Election 2024: Be fair and transparent – Togbe Afede to EC
35 mins -
AFCON 2025Q: Poor home form cost us – Otto Addo
43 mins -
Togbe Afede criticises recent Supreme Court rulings as uninspiring and illogical
43 mins -
GPL 2024/2025: Accra Lions remain bottom after draw against Kpando
56 mins -
NDC condemns Dela Edem’s ‘unsavoury and distasteful’ about kufuor; issues public apology
1 hour -
‘Let them burn the sea; don’t return if Parliament is recalled’ – Asiedu Nketiah to NDC MPs
1 hour -
Bawumia’s commitment to excellence will ensure Ghana fulfills its potentials – Prof. Etse Sikanku
1 hour -
Ensign Global College marks 10th anniversary with 9th congregation
2 hours -
Over 80 educational projects to be commissioned this week
5 hours -
Kuami Eugene shows leadership; mobilises fellow artistes for peace song
6 hours -
The JOY Prime Made in Ghana Fair: Why not miss it!
7 hours -
GPL 2024/25: Struggling Asante Kotoko aim to bounce back against high-flying Nations FC
7 hours