The chief executive of Kenya Airways has resigned, an internal memo seen by Reuters on Friday said, a potentially destabilising development for the national flag carrier that has been struggling to recover from years of financial losses.
In the statement, Sebastian Mikosz said the decision was a personal one and he would leave at the end of the year.
Kenya Airways reported revenues of Shs114.45billion ($1.13 billion) for the 12 months to Dec. 31, up from Shs106.17billion a year earlier.
Its pretax loss for the period narrowed to Shs7.59billion from Shs9.44 billion.
Mikosz said he believed it was the ideal time to begin the transition process to find a new leader who would continue the turnaround initiatives the airline began 3 years ago.