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In a bid to recover their exposure, syndicated lease holders and banks unsuccessfully fought these measures to restructure the carrier's ownership.and African Cargo Handling Limited are both wholly owned subsidiaries of Kenya Airways.The document stressed the government opinion that the airline would be better off privately owned, thus resulting in the first privatisation attempt.

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Airline dating service

The government would absorb almost KLM was awarded the privatisation of the company, which restructured its debts and made a master corporation agreement with KLM, which bought 26% of the shares, becoming the largest single shareholder since then.

two Boeing 737-200 Advanced and four Boeing 737-300s.

A consortium of local banks, through a special-purpose vehicle called: "KQ Lenders Company 2017 Ltd.", ended up with 38.1%.

The latter entity is obligated with a loan from the above local banks in the amount of US$225 million; this amount, in turn, is guaranteed by the government.

At this time the company had a staff of 2,780, including 400 engineers, 146 flight crew and 365 cabin crew.

From its main hub at Jomo Kenyatta International Airport, scheduled services were operated to Abidjan, Addis Ababa, Amsterdam, Bujumbura, Cairo, Copenhagen, Dar es Salaam, Douala, Dubai, Eldoret, Entebbe/Kampala, Harare, Johannesburg, Karachi, Khartoum, Kigali, Kinshasa, Lagos, Lilongwe, Lokichoggio, London, Lusaka, Mahe Island, Malindi, Mombasa, Mumbai, and Zanzibar.The airline's employees, through a shareholding scheme, and others own the remaining 5.2%.The Government of Kenya issued a guarantee for a further US5 million debt owed to Import-Export Bank of the United States, financier of the newer Boeing planes of its fleet.The following year, the company formed a charter subsidiary named Kenya Flamingo Airlines, which leased aircraft from the parent airline in order to operate international passenger and cargo services.the airline had 2,100 employees and a fleet of three Boeing 707-320Bs, one Boeing 720B, one DC-9-30 and three Fokker F-27-200s.(in turn owned by a consortium of banks), followed by KLM, which has a 7.8% stake in the company.

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