*Jambojet taps Sh1.7bn NCBA loan for aircraft leases and maintenance* Budget airline Jambojet tapped a Sh1.72 billion loan from NCBA Group in the financial year ended December 2024 to restructure leases and maintain aircraft engines. Jambojet’s parent company Kenya Airways (KQ), which guaranteed the four-year loan, discloses that the facility attracts an average interest of 18.5 percent per annum, pointing to the tight credit conditions that borrowers grappled with last year. The airline spent the loan on prepayment of lease rental arrears worth Sh1.42 billion and the balance on funding the maintenance of aircraft engines. Source: Business Daily