Is KQ Facing Financial Woes?

World leading aircraft manufactures Boeing has now refused to handover a 787 Dreamliner plane to the KQ team which went to collect the plane saying that The Kenya's national airline has no financial capacity to sustain its appetite for fleet expansion. The news was delivered to KQ by its staff who went to collect the plane from Boeing’s Charleston facility. Andrew Mudachi, through a circular had this to the KQ fraternity.

Hello Everyone,
On Thursday 25th June, we completed our inspections of 5Y-KZH and Boeing completed their rework based on our findings. Thereafter we signed the technical acceptance for the aircraft. KCAA also completed their inspections and were ready to submit the recommendations for issue of Cert. of Registration and Cert. of Airworthiness. Unfortunately we could not overcome the challenges on the financing side so we did not take Delivery of the aircraft and the registration activities are on hold.
Today the delivery team will depart Charleston for Nairobi on commercial flights. They should be in Nairobi early on Friday morning. Once we have sorted out the issues with the financing, we will need to have the team fly back to Charleston to complete delivery, carry out the post delivery activities then fly the aircraft home. We will keep you posted about when that will happen as we will, as always, need your assistance in doing all that needs to be done to bring our aircraft home.
Thank you all for the effort you have put in thus far and a special thank you to the delivery team for their continued work and patience under uncertain timelines. I appreciate everything that you’ve done.
All the best and kind regards
Andrew Mudachi
Head of Fleet Development

The pride of Africa's mess is deeply engrained that senior management are just now sitting waiting for the airline to completely die off.