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Kenya Airways...why ignore..
Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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The management needs to be overhauled;how can it have C-suite earning over sh.2mn in monthly salaries for a bleeding company. KQ should get competent managers at much lesses salaries who can revive the airline;they acn even get a CEO earning about sh.800k and will do a great job than the ones we habe. That way wage bill will have been brought down and competency introduced. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,288 Location: nairobi
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obiero wrote:Kibunda wrote:obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. this is kenya. here, some bad leaders thrive mainly coz the country has a never die attitude. who can explain 27 years under Moi. or why eveready is still trading Post #570 www.businessdailyafrica....10/-/l6jwk8/-/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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obiero wrote:obiero wrote:Kibunda wrote:obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. this is kenya. here, some bad leaders thrive mainly coz the country has a never die attitude. who can explain 27 years under Moi. or why eveready is still trading Post #570 www.businessdailyafrica....10/-/l6jwk8/-/index.html Axe wielding at KQ should be done carefully even at management level. Reason being Boeing's significant delays in delivery of aircraft, especially now that the benefits of a modern fleet cannot be understated.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Cde Monomotapa wrote:obiero wrote:obiero wrote:Kibunda wrote:obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. this is kenya. here, some bad leaders thrive mainly coz the country has a never die attitude. who can explain 27 years under Moi. or why eveready is still trading Post #570 www.businessdailyafrica....10/-/l6jwk8/-/index.html Axe wielding at KQ should be done carefully even at management level. Reason being Boeing's significant delays in delivery of aircraft, especially now that the benefits of a modern fleet cannot be understated. Why don't we hear Ethiopian airlines making losses during the same period that kq is making profits? Simple some Kenyan business leaders have a bad history of management. And they know they have political cronies who will help them get baptize and get away with those financial crimes. Another point ,in America the airlines are competitive you know why because there are different airlines competing for the same market .alaska,southern, delta,virgin,American Airlines .......what about here in Kenya , just one kq.so comparing USA to kenya is out of question . Kenya has advantage of monolopoly. In conclusion when a European and american airlines fails it's because of competition and failed policies and rarely do you hear the CEO go to pronsecution because of that .in kq when it fails is because of failed policies and gross mismanagement eg mumias, uchumi, kq, Kenatco,kpcu,coffee board of kenya ,pyrethrum boards of kenya ,kcc.... so it's more of culture of mismanagement than failed policies and competition . I could be wrong but that's how I see it.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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enyands wrote:Cde Monomotapa wrote:obiero wrote:obiero wrote:Kibunda wrote:obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. this is kenya. here, some bad leaders thrive mainly coz the country has a never die attitude. who can explain 27 years under Moi. or why eveready is still trading Post #570 www.businessdailyafrica....10/-/l6jwk8/-/index.html Axe wielding at KQ should be done carefully even at management level. Reason being Boeing's significant delays in delivery of aircraft, especially now that the benefits of a modern fleet cannot be understated. Why don't we hear Ethiopian airlines making losses during the same period that kq is making profits? Simple some Kenyan business leaders have a bad history of management. And they know they have political cronies who will help them get baptize and get away with those financial crimes. Another point ,in America the airlines are competitive you know why because there are different airlines competing for the same market .alaska,southern, delta,virgin,American Airlines .......what about here in Kenya , just one kq.so comparing USA to kenya is out of question . Kenya has advantage of minolopoly. In conclusion when a European smd american airlines fails it's because of competition and failed policies and rarely do you hear the CEO go to lresecution because of that .in kq when it fails is because of failed policies and gross mismanagement eg mumias, uchumi, kq, Kenatco,kpcu,coffee board of kenya ,pyrethrum boards of kenya ,kcc.... so it's more of culture of mismanagement than failed policies and competition . I could be wrong but that's how I see it. Ethiopian is owned by the govt and most of its costs and taxes are subsidized and again they have not adopted the same open skies agreements like we have in Kenya. Ethiopian was the first African airline to receive its dreamliner so it started reaping the benefits way earlier. Kenya has no monopoly in the skies so many airlines pick and drop passengers competing with KQ even the local flights there's no monopoly The delay by Boeing did really let down many airlines such as Quantas and American Airlines. But KQ's biggest blander was not to have a plan B and C...that was not very wise. ION - Ethiopian Airlines has ordered 6 B788s to add to their "six terrible teens"  As said b4. KQ's problem is Customer service, which is a reflection of management. They have competent pilots, good planes, good airport, but they are unable to sell a SERVICE. If I was to advice them, I would get rid of 85% of the customer service reps esp those on the ground and phones hire/train new graduates who will undergo fresh training. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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murchr wrote:enyands wrote:Cde Monomotapa wrote:obiero wrote:obiero wrote:Kibunda wrote:obiero wrote:Kibunda wrote:I dont believe i this notion that Naikuni is the problem. The airline business itself is just tough and highly volatile. The history of the airline business is fraught with several bankruptcies - I would refer you to PanAm, American Airlines etc Naikuni has really grown the organisation since he joined many years ago.
"When a manager with a reputation of brilliance meets a bad business, it is the reputation of the business that survives" - Warren Buffett @kibunda do you know that for every one airline to have gone wound up atleast ten banks have done the same.. Further to this, some airlines have been through hard times but have persisted a la Qatar, Ethiopian, British, Kenya Airways! @boris, uchumi, dunkang et al.. i posed a question. it was not a statement. my portfolio as well known here at wazua, contains coop, kq, bok, kegn, kcb @obiero, you raise good points. Infact you reinforce my point that the captain has managed to keep the vessel afloat. this is kenya. here, some bad leaders thrive mainly coz the country has a never die attitude. who can explain 27 years under Moi. or why eveready is still trading Post #570 www.businessdailyafrica....10/-/l6jwk8/-/index.html Axe wielding at KQ should be done carefully even at management level. Reason being Boeing's significant delays in delivery of aircraft, especially now that the benefits of a modern fleet cannot be understated. Why don't we hear Ethiopian airlines making losses during the same period that kq is making profits? Simple some Kenyan business leaders have a bad history of management. And they know they have political cronies who will help them get baptize and get away with those financial crimes. Another point ,in America the airlines are competitive you know why because there are different airlines competing for the same market .alaska,southern, delta,virgin,American Airlines .......what about here in Kenya , just one kq.so comparing USA to kenya is out of question . Kenya has advantage of minolopoly. In conclusion when a European smd american airlines fails it's because of competition and failed policies and rarely do you hear the CEO go to lresecution because of that .in kq when it fails is because of failed policies and gross mismanagement eg mumias, uchumi, kq, Kenatco,kpcu,coffee board of kenya ,pyrethrum boards of kenya ,kcc.... so it's more of culture of mismanagement than failed policies and competition . I could be wrong but that's how I see it. Ethiopian is owned by the govt and most of its costs and taxes are subsidized and again they have not adopted the same open skies agreements like we have in Kenya. Ethiopian was the first African airline to receive its dreamliner so it started reaping the benefits way earlier. Kenya has no monopoly in the skies so many airlines pick and drop passengers competing with KQ even the local flights there's no monopoly The delay by Boeing did really let down many airlines such as Quantas and American Airlines. But KQ's biggest blander was not to have a plan B and C...that was not very wise. ION - Ethiopian Airlines has ordered 6 B788s to add to their "six terrible teens" As said b4. KQ's problem is Customer service, which is a reflection of management. They have competent pilots, good planes, good airport, but they are unable to sell a SERVICE. If I was to advice them, I would get rid of 85% of the customer service reps esp those on the ground and phones hire/train new graduates who will undergo fresh training. Customer service in kq need reform on top of other issues. Reduce prices that leave a lot to be desired
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Rank: Elder Joined: 6/23/2009 Posts: 14,288 Location: nairobi
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Now Senate has recommended a rights issue, but who will buy?? This is disaster for KQ share price, government should just bite the bullet and write a cheque for KES 70B COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Now Senate has recommended a rights issue, but who will buy?? This is disaster for KQ share price, government should just bite the bullet and write a cheque for KES 70B That cheque...smh...will just be gobbled down and it will be so unfair they should only get the cheque if the top brass go home save for Guibert who should be made CEO...strategic partner from Uarabuni...YES/NO? possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,288 Location: nairobi
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maka wrote:obiero wrote:Now Senate has recommended a rights issue, but who will buy?? This is disaster for KQ share price, government should just bite the bullet and write a cheque for KES 70B That cheque...smh...will just be gobbled down and it will be so unfair they should only get the cheque if the top brass go home save for Guibert who should be made CEO...strategic partner from Uarabuni...YES/NO? A strategic partner is most welcome. And indeed most of the managers must exit COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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obiero wrote:maka wrote:obiero wrote:Now Senate has recommended a rights issue, but who will buy?? This is disaster for KQ share price, government should just bite the bullet and write a cheque for KES 70B That cheque...smh...will just be gobbled down and it will be so unfair they should only get the cheque if the top brass go home save for Guibert who should be made CEO...strategic partner from Uarabuni...YES/NO? A strategic partner is most welcome. And indeed most of the managers must exit the shareholder is only remembered during problems in rights "Don't let the fear of losing be greater than the excitement of winning."
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