Business magnate and industrialist Dr Chris Kirubi has explained his reason for buying two million shares of Kenya Airways, saying the national carrier needs to be rescued by investors and not debt.

The businessman bought about Sh11 million worth of stock in the airline which recently declared a Sh25.7 billion net loss – the highest ever in Kenya’s corporate history.

“Like a fireman who goes into a burning house to save what he can, I have decided to buy Kenya Airways shares,” he said.