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Kenya Airways CEO resigns

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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.

Kenya Airways staff
Kenya Airways staff

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.

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