Nairobi, February — Kenya Airways has appointed PJT Partners as the airline’s transaction advisor on its balance sheet restructure and long term capital refinancing which is part of its turnaround strategy.
Kenya Airways GMD and CEO Mbuvi Ngunze said, “PJT Partners is a leading international investment banking firm with strategic airline advisory expertise necessary to counsel on Kenya Airway’s balance sheet restructure as well as capital raising. Their main business lines are on strategic advisory, restructuring as well as fund placement services.
“We are at a stage where our Turnaround Strategy is beginning to gain traction. Over the next six to nine months, we will work with PJT Partners and they will be instrumental in assisting the airline secure its future beyond the turnaround. The Board is confident that they are the right choice,” Mr Ngunze added.
PJT Partners and EMEA Restructuring head Martin Gudgeon said, “We look forward to helping Kenya Airways reshape and recapitalize its balance sheet to ensure the company’s full potential is realized.”