NAIROBI, Kenya (AP) — Kenyan authorities will allow cargo flights from Tanzania after its neighbor threatened to ban Kenya Airways passenger flights to Tanzania's commercial capital.
The Tanzania Civil Aviation Authority in a statement Tuesday said its Kenyan counterpart had given approval to operate cargo flights between the East African countries.
The issue around aviation restrictions between Kenya and Tanzania has been successfully resolved, Kenya's foreign affairs minister, Musalia Mudavadi, said in post on X, formerly Twitter.
The Tanzanian authority on Monday threatened to ban Kenya Airways passenger flights to Dar es Salaam beginning Jan. 22 over Kenya's lack of airline approvals. The Kenya Civil Aviation Authority did not say why it denied Air Tanzania the approval to operate cargo flights.
Kenya Airways has been suffering losses, and Kenya's government has injected millions of dollars into the national carrier to keep it afloat. A ban on the lucrative Tanzanian route would have been painful.
Before you consider Air T, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air T wasn't on the list.
While Air T currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
