The national carrier, known by its international code KQ, equally demanded unfettered access to JKIA’s facilities in which it conducted site visits as part of its due diligence, documents tabled before Parliament’s Public Investments Committee (PIC) have shown. KQ chief executive Sebastian Mikosz, in a confidential memo written on October 3, 2018 to KAA managing director Johnny Andersen, requested data and information two days ahead of submitting the Privately Initiated.
PIC last week directed a suspension of the proposed merger, pending conclusion of its ongoing investigations into the proposed deal, which Mr Andersen said KAA did not initiate. The MPs froze the proposed merger on grounds that it would render the profitable aviation regulator, KAA, bankrupt. The parliamentary committee directed the Auditor-General to undertake a forensic audit on the transaction. Merger of the two entities is intended to hand the cash-strapped KQ a financial lifeline, but KAA board minutes exposed fears that the plan could end up bankrupting the regulator. Mr Andersen tabled the document which shows that the KQ boss requested the critical data from KAA in two batches.