Former spy chief Michael Gichangi retires from Kenya Airways board

Former intelligence chief, retired Major General Michael Gichanji, has exited the board of Kenya Airways after six years and eight months.

He was a non-executive director and Chairman of the Board's Strategy and Business Development Committee.

He joined the national carrier's board of directors in September 2017.

“The Board of Directors of the Company takes this opportunity to thank Major General (Retd) Michael Gishangi, who retired as a Director at the AGM for his immense and invaluable contribution to the Company during his tenure as a Member of the Board of Directors,” KQ Company Secretary Abel said. Al-Waswani said in a statement following the annual general meeting on Friday.

Major General Gichanji resigned as Director of the National Intelligence Service in 2014.

His appointment to KQ was in line with the appointment of former senior security services officials to the boards of parastatals and state-controlled companies.

Shareholders on Friday also approved the decision to appoint Festus Wachira Kingori, a senior official at National Treasury, as a non-executive director.

Last year, the airline reduced its net loss by 40.7 percent to Sh22.69 billion, supported by higher revenues.

A string of losses has forced KQ to reach out to the Treasury for financial support for bailouts that have drawn criticism even as the government considers a way out for the airlines.

The National Treasury had earlier told the IMF that it expects KQ to secure a strategic investor by the end of June 2024.

Meanwhile, the government is also considering privatizing KQ by merging it with other targeted companies and setting up a fund to manage it.

It remains unclear how much progress or lack thereof has been made regarding the two proposals.

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