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Airline spared auctioneer's hammer over Sh1.3b debt

The High Court has thrown a lifeline to a Wilson Airport-based airline distressed by Covid-19 after it allowed it to pay its more than Sh1 billion debt in instalments.

Amra Leasing Ltd had wanted DAC Aviation (East Africa) to pay the £8.9 million (Sh1.3 billion) it owes in a lump sum, nine months from the date of judgement by the High Court.

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