06-Oct-2010 3:41 PM
Kenya Airways seeks assistance from Cotu; Air Arabi partners with IVS Global
Analysis
Kenya Airways (-2.2%) shares dropped for the second day. The carrier also stated it is seeking assistance from the Central Organisation of Trade Unions (Cotu) to assist the Aviation and Allied Workers Union's (AAWU) demand for USD4 million (KES325 million) in allowances that the carrier has rejected on grounds it would have a negative impact on profit margins.
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