Kenya Airways “not selling stake” in Precision Air; Air Arabia extending UAE catchment

Kenya Airways (shares flat) reportedly stated it "is not selling its stake" in Precision Air when the carrier conducts an IPO at the Dar es Salaam Securities Exchange later in 2010. The carrier is seeking to raise approximately USD28 million through the sale of 65% (or 55 million shares) of its authorised but unissued shares.

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