The Nairobi Securities Exchange (NSE) has extended the suspension of trading in Kenya Airways (KQ) shares for another nine months from April 5, 2021.

“Notice is hereby given on the extension of suspension from trading of Kenya Airways Plc shares. The company is yet to finalize on its operational and corporate restructure for the eventual Government buy-out, following the publication of the National Management Aviation Bill, 2020, on 18th June 2020,” the NSE said in a statement .

According to a statement by NSE, the suspension was approved and issued by the Capital Markets Authority (CMA).

NSE added that (KQ) is yet to finalize its operational and corporate restructure for the eventual Government buy-out, following the publication of the National Management Aviation Bill, 2020, on 18th June 2020.

KQ shares were initially suspended from trading on the Nairobi Securities Exchange (NSE) in July last year after Members of Parliament  began to review the law that will pave the way for the government to take back full control of the airline.

Kenya Airways had applied for suspension of trading of its shares and closure of its register until the resolution of its future is determined.

The government owns a 48.9 per cent stake in the loss-making airline, while Air France-KLM, which has opted to exit, owns 7.8 per cent.

The airline was privatized 24 years ago but sank into debts and losses since 2014.

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