obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:[quote=obiero]32 GUESTS on this thread.. Why ignore??
Watching my taxes being flushed down the toilet...
http://bankelele.co.ke/2...7/kqoperationpride.html[/quote]
Good for KQ but these initiatives will not fill the 35bn hole any time soon. Perhaps 5-10bn from the sale of assets.
Good luck. [Unfortunately, @VVS will probably see his taxes flushed down the loo for an additional 1 year]
@vvs give 2 weeks or so.. finishing touches on the PJT Partner plan shall be released.. This stock will shock
Injection of new capital will not solve the problems that KQ is facing overnight. The 60 billion that you are quoting here is a figure that came out of the blues. The figure required is more than that considering the loan book stands at 100+ billion before other payments needed to be paid to suppliers.
Bankele's article - There is nothing tangible there. Maintenance costs soared in 2015/16 despite the fact that bigger aircrafts were not operated. A paltry 38% reduction in fuel cost yet fuel efficient aircrafts were operated. Reducing in-flight meals is a recipe for loss of customers. Cutting on staff training/travel is a recipe for poor service delivery. Handling contracts are standard and always comes with a fixed price i.e. as per the aircraft MOTW ( maximum take off weight)/ few options in terms of suppliers. Changing flight schedule with the hope of wooing EK pax (esp. Indians) is day dreaming.Only increase in sales will result in an improved performance.
Whether there is new capital injection or debt conversion into equity without a competent team with proven aviation experience then this turnaround will be an exercise in futility. KQ need to fly and generate revenue. The highest paid pilots need to be utilized to generate revenue, the same applies to the senior executives.