FINANCE minister Njeru Githae has said that the Treasury, the single largest shareholder at Kenya Airways, will not interfere with airline's management.
Githae maintained that KQ is not a state parastatal and as such major decisions at the airline are taken by the board of directors. The Treasury has 29.8 per cent stake in the airline while KLM has a 26.73 per cent interest.
"We have no intention of micro-managing Kenya Airways," Githae said on the sidelines of a 2013/2014 budget public hearing forum. He however said that the recent staff retrenchments should have been done in a more humane way.
Githae nevertheless added that there is no intention whatsoever of spearheading for a replacement for current chief executive Titus Naikuini. Calls have been rising for management change at the airline following a Sh6.5 billion half-year pre-tax loss.