Trading shares of national carrier, Kenya Airways, has resumed after a suspension of nearly five years, the Nairobi Securities Exchange (NSE) said in statement issued on Monday, January 6.
This comes weeks after the airline announced the expansion of its London network with a brand-new Nairobi-Gatwick route set to starting in July 2, 2025, in a move that will see it operate nonstop flights between Nairobi’s Jomo Kenyatta International Airport (JKIA) and London’s Gatwick Airport (LGW).
“The suspension on the trading of Kenya Airways PLC shares was lifted following the company’s recent performance which saw the company record a profit after tax and the withdrawal of the National Aviation Management Bill 2020,” the NSE said.
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The airline’s shares were suspended from trading in July 2020 at a time when the government had announced plans to renationalise it.
On its last day of trade on March 2, 2020, the stock closed at Sh3.83 a share. The airline posted an operating profit of 10.53 billion shillings ($80.38 million) in 2023, for the first time since 2017.
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