Wazua
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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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majimaji wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:Spikes wrote:ArrestedDev wrote:majimaji wrote:
How is it that an insolvent company KQ is still listed and trading?
The authorities are sleeping on the job. I agree it is insolvent. Do you expect Kenyan securities exchange authorities to delist KQ? Which image will it send locally and internationally? Mtangoja sana KQ iwe scrapped off the NSE trading. It will never happen in Kenyan soil. Though the price will keep moving down to 50CTS. Stock trading suspension can be done.It is not de-listing. The problem is that KQ stock is cross-listed on the USE, RSE and Dar es Salaam Stock Exchange. Authorities there can suspend trading and it will trigger action by NSE. If the loss next year will still be huge then anything can happen. Hakuna stori ya kusema eti mtangoja. Probably if Raila was president that would work, but not under this regime.. GoK is KQ and KQ is GoK. Our neighbors would dare not suspend it, they are alert to the political ramification. Plus as I have said here severally, airlines across the world run frequently on negative equity but that does not intrinsically imply that the carriers are insolvent. Personally I would rather walk to Rwanda than have to fly Rwandair in the abscense of KQ Do not be too optimistic. Anything can happen. There is nothing like political ramifications. Just hold your horses. They are closely watching KQ already. If we are discussing here to such a great extent then what about them. In Dec. 15, the below article was published in Tanzania. Quote:Orbit Securities Limited General Manager, Mr Simon Juventus said in Dar es Salaam yesterday that the two companies’ adverse balance sheets are bad news that will hurt their share trading at the equity markets. http://www.dailynews.co....ncial-challenges-deepen
If the Govt of Kenya loves KQ so much, let them buy it (nationalise) and make it a parastatal in the Ministry of Culture and Social Services. No amount of taxpayer money pumped in will revive KQ to operate and make money for its shareholders like a private business. The way KQ is operating now is like the way a family has a pet: seeing it gives pleasure but you can't milk a cat. Let @obiero gives us his take. It is an inefficient Company run by a bunch of incompetent individuals and cartels. I know and that's why I am telling him not to behave as if it is untouchable even across the borders. DSE, RSE and even RSE can trigger action if they suspend the stock trading.
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Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi
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ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,231 Location: nairobi
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VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo.  Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy
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Rank: Elder Joined: 6/23/2009 Posts: 14,231 Location: nairobi
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majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...107088-du5c00/index.html
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity.
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Rank: Elder Joined: 6/23/2009 Posts: 14,231 Location: nairobi
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ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...331516-vxl8ol/index.html
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Impunity wrote:obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now? Yeah, it's just not making sense especially for the calipher of travelers that Jambojet is targeting. 24hrs is just too short. I can't see the feature being utilised.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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ArrestedDev wrote:Impunity wrote:obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now? Yeah, it's just not making sense especially for the calipher of travelers that Jambojet is targeting. 24hrs is just too short. I can't see the feature being utilised. This is a dead idea. If you cant get Kes. 2,500 to pay for the fare, I cant see where you gonna get it in the next 24hrs, now that 90% of Jambo jet target market are used to paying Kes. 600 from Nairobi to Mombasa aboard the Chania Express. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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