The Nairobi Securities Exchange (NSE) lifted the trading suspension on Kenya Airways shares on Monday.
The decision follows Kenya Airways’ recent turnaround, marked by a return to profitability and the withdrawal of the National Aviation Management Bill 2020.
“The suspension on the trading of Kenya Airways PLC shares was lifted following the company’s recent performance, which saw the company record a profit after tax and the withdrawal of the National Aviation Management Bill 2020,” the NSE said.
Notice is hereby given of the lifting of the suspension in the trading of Kenya Airways Plc securities, effective January 5, 2025.
The suspension was lifted following the company’s recent performance and the withdrawal of the National Aviation Management Bill 2020.@CMAKenya… pic.twitter.com/KFLwUo3lgB
— NSE PLC (@NSE_PLC) January 6, 2025
Kenya Airways shares were suspended in July 2020 when the Kenyan Parliament began considering the National Aviation Management Bill 2020.
This bill proposed the creation of a holding company, Kenya Aviation Corporation, which would encompass Kenya Airways, the National Aviation Council, and the Kenya Airports Authority. The government’s potential renationalization plans under this bill were a major factor in the suspension.
Previously struggling with debt, Kenya Airways achieved its first operating profit since 2017 in 2023, at 10.53 billion shillings ($80.38 million).
Kenya Airways Turns a Profit for the First Time in Over a Decade