Kenya Airways board has appointed consultants Deloitte to conduct a forensic audit into the airline’s operations and identify areas of weakness.
The move comes two months after the Senate committee probing the airline recommended a forensic audit of the airline to probe its revenue losses and establish whether there has been any corruption at the company.
“The objective of this exercise is to identify areas of weakness and give recommendations that will complement the ongoing turnaround strategy,” the airline said in a statement yesterday.
KQ reported a net loss of Sh25.74 billion for the full financial year ended March 2015, extending the Sh3.38 billion loss the airline made in previous year 2013/2014. Loss before tax stood at Sh29.7 billion.
The historical loss led to an inquiry into the airline’s operations by the Senate which later endorsed a report calling for the sacking of the current KQ chief executive Mbuvi Ngunze.
The pilots union, which has frosty relations with the current management, is also against implementation of any turnaround plan without an overhaul of the management.
Kenya Airline Pilots Association has previously threatened to call for a go-slow among its members, if the airline’s managers are not sacked, accusing them of running down the company.
Last month the airline sacked its long-serving finance director Alex Mbugua. KQ board is also expected to appoint a transaction adviser shortly, to assist the airline in long term capital financing arrangements.