...wapi@keraka ye ndiyo alikuwa ana yap yap,kelele ya chura...they shouldnt be given even a single penny from the GOK,y bailout a company thats careless with its risk controls.

If the 170 million is because of a currency crunch how come they cant get a bank to cover it and provide short term relief? ....especially since the owners are politically connected. 170 million is not a lot of money in the corporate world.
I am guessing people have pulled out money for political purposes and no bank cover a company with such red books ....or it was already doing very badly for a long time and is now on its death throes and we are just being fed a line of BS by their PR office.
A lesson for suppliers to companies owned by politicians ...ask cash upfront or keep them on a very tight leash ...credit wise.

Nani anachenga nani (who is bankrupting who ??)

Jet;ink's licence renewed

Quote: "The airline’s managing director, Mr Elly Aluvale, said he had not received official communication from KCAA on the licence renewal, but added, Jetlink hopes to begin preparations to fly again within the first three months of 2014."