Kenya Airways has proposed the formation of a subsidiary dedicated to managing operations at the Jomo Kenyatta International Airport (JKIA) for a concession period of 30 years.
KQ's plan, contained in its Privately Initiated Investment Proposal (PIIP), includes the creation a special purpose vehicle (SPV) -- a unit of a company which is shielded from the parent firm's financial risk -- to operate, maintain and develop JKIA.
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