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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:Mid and top level managers have agreed to stop their contributions to the KQ provident fund...This will release some 450m plus for the year...discussion with other employees still ongoing...duty allowance also stopped... Finally hits the papers... http://www.standardmedia...to-scrap-pension-scheme
possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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maka wrote:maka wrote:Mid and top level managers have agreed to stop their contributions to the KQ provident fund...This will release some 450m plus for the year...discussion with other employees still ongoing...duty allowance also stopped... Finally hits the papers... http://www.standardmedia...to-scrap-pension-scheme
Senate committee has recommended among other options sale of 29% government stake to obtain money for turnaround. Which means government will relinquish ownership to strategic shareholders and the proceeds shall be taken up by KQ and not the Treasury. Perhaps management will be very efficient if the government pulls out its control. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Spikes wrote:maka wrote:maka wrote:Mid and top level managers have agreed to stop their contributions to the KQ provident fund...This will release some 450m plus for the year...discussion with other employees still ongoing...duty allowance also stopped... Finally hits the papers... http://www.standardmedia...to-scrap-pension-scheme
Senate committee has recommended among other options sale of 29% government stake to obtain money for turnaround. Which means government will relinquish ownership to strategic shareholders and the proceeds shall be taken up by KQ and not the Treasury. Perhaps management will be very efficient if the government pulls out its control. Good news. Hope the serious investor has good turn around strategies. Less government influence the better.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Spikes wrote:maka wrote:maka wrote:Mid and top level managers have agreed to stop their contributions to the KQ provident fund...This will release some 450m plus for the year...discussion with other employees still ongoing...duty allowance also stopped... Finally hits the papers... http://www.standardmedia...to-scrap-pension-scheme
Senate committee has recommended among other options sale of 29% government stake to obtain money for turnaround. Which means government will relinquish ownership to strategic shareholders and the proceeds shall be taken up by KQ and not the Treasury. Perhaps management will be very efficient if the government pulls out its control. What nonsense? How do you turn around your investment by selling it. Turn it around for someone else to enjoy the proceeds? The Senate seems ignorant of the fact that Treasury holds KQ shares in trust for taxpayers. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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sparkly wrote:Spikes wrote:maka wrote:maka wrote:Mid and top level managers have agreed to stop their contributions to the KQ provident fund...This will release some 450m plus for the year...discussion with other employees still ongoing...duty allowance also stopped... Finally hits the papers... http://www.standardmedia...to-scrap-pension-scheme
Senate committee has recommended among other options sale of 29% government stake to obtain money for turnaround. Which means government will relinquish ownership to strategic shareholders and the proceeds shall be taken up by KQ and not the Treasury. Perhaps management will be very efficient if the government pulls out its control. What nonsense? How do you turn around your investment by selling it. Turn it around for someone else to enjoy the proceeds? The Senate seems ignorant of the fact that Treasury holds KQ shares in trust for taxpayers. I would rather GoK sells its 29% [for whatever cash it gets] and lets someone else rebuild the airline without using Taxpayer Funds. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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littledove wrote:it will be a tall order to kick KLM out and revive kq, long court battles will also follow if force is used to kick them out, those who signed those agreements simply sold our country I am certain that if we researched how many JVs exist on the NSE this wouldn't be much of a story. We can give Safcom as a example with Vodafone as technical partner. So, this one has ran into some headwinds. As a constitution is merely a piece of paper without constitutionalism, then even the best JV with the best airline would not have prevented the following. We can ask Hersi again: Tourism slump hits retrenched hotel employeesMaybe the JV needs to be relooked yet also, it is a lesson on productivity - do more, get more*. A reason why Kenyans/Africans don't book early is they lack the disposable income to tie their money for a long while. It is also the stifling regulatory environment that makes flying a luxury.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Cde Monomotapa wrote:littledove wrote:it will be a tall order to kick KLM out and revive kq, long court battles will also follow if force is used to kick them out, those who signed those agreements simply sold our country I am certain that if we researched how many JVs exist on the NSE this wouldn't be much of a story. We can give Safcom as a example with Vodaphone as technical partner. So, this one has ran into some headwinds. As a constitution is merely a piece of paper without constitutionalism, then even the best JV with the best airline would not have prevented the following. We can ask Hersi again: Tourism slump hits retrenched hotel employeesMaybe the JV needs to be relooked yet also, it is a lesson on productivity - do more, get more*. A reason why Kenyans/Africans don't book early is they lack the disposable income to tie their money for a long while. It is also the stifling regulatory environment that makes flying a luxury. And you point is? *Fill up at KenolKobil. KQ to pay cash. Thank You. Come Again.* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Cde Monomotapa wrote:littledove wrote:it will be a tall order to kick KLM out and revive kq, long court battles will also follow if force is used to kick them out, those who signed those agreements simply sold our country I am certain that if we researched how many JVs exist on the NSE this wouldn't be much of a story. We can give Safcom as a example with Vodaphone as technical partner. So, this one has ran into some headwinds. As a constitution is merely a piece of paper without constitutionalism, then even the best JV with the best airline would not have prevented the following. We can ask Hersi again: Tourism slump hits retrenched hotel employeesMaybe the JV needs to be relooked yet also, it is a lesson on productivity - do more, get more*. A reason why Kenyans/Africans don't book early is they lack the disposable income to tie their money for a long while. It is also the stifling regulatory environment that makes flying a luxury. And you point is? *Fill up at KenolKobil. KQ to pay cash. Thank You. Come Again.* Pull up your aerial.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Cde Monomotapa wrote:littledove wrote:it will be a tall order to kick KLM out and revive kq, long court battles will also follow if force is used to kick them out, those who signed those agreements simply sold our country I am certain that if we researched how many JVs exist on the NSE this wouldn't be much of a story. We can give Safcom as a example with Vodaphone as technical partner. So, this one has ran into some headwinds. As a constitution is merely a piece of paper without constitutionalism, then even the best JV with the best airline would not have prevented the following. We can ask Hersi again: Tourism slump hits retrenched hotel employeesMaybe the JV needs to be relooked yet also, it is a lesson on productivity - do more, get more*. A reason why Kenyans/Africans don't book early is they lack the disposable income to tie their money for a long while. It is also the stifling regulatory environment that makes flying a luxury. You have to remain sober here or you may be duped that the saviour money cat that has always been missing just got loose. Unless for the already beaten management whatelse would the saviour bring onto the table in the he name of jv associate or whatever. Probably nego with shababs, deadly ebola, zika, harsh regulatory environment or economic slump. To face headwinds from the less concern GOK and the regulatory environment is what they will get for the money, probably the jv will ransack and put up the co for sale as scrapmetal, RVR is good for eyes here ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@muandiwambeu You're right. There is very little room for speculation right now. KQ has to do all within its reach now to emerge stronger. If you've been following I am not in the pro-bailout out camp as frankly, where is the money?
Non-cash interventions is what the GoK can offer fastest. Tweak regulations.
I am pleased with the measures KQ have taken so far within themselves, officially communicated.
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Kenya Airways...why ignore..
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