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Impunity		#5401 Posted : Monday, August 22, 2016 7:17:36 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		ArrestedDev wrote: VituVingiSana wrote: ArrestedDev wrote: Siringi wrote: Rink : Story 👉 Opinion :- We must avoid Jambojet becoming another KQ 😐😯 read the sentiments on the comments section August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Last minute bookings, no mercy at all. What do you think a guy charged 29K one way is going to say out there? He will advised another 10 guys against using the "low cost" Jambo Jet...Low cost should try to remain low cost al all cost, even if the booking is made late like how... Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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obiero		#5402 Posted : Monday, August 22, 2016 7:39:27 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi		Impunity wrote: ArrestedDev wrote: VituVingiSana wrote: ArrestedDev wrote: Siringi wrote: Rink : Story 👉 Opinion :- We must avoid Jambojet becoming another KQ 😐😯 read the sentiments on the comments section August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Last minute bookings, no mercy at all. What do you think a guy charged 29K one way is going to say out there? He will advised another 10 guys against using the "low cost" Jambo Jet...Low cost should try to remain low cost al all cost, even if the booking is made late like how... LOL. In the same plane there is a chap who paid KES 6,500.. Tuwache drama COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana		#5403 Posted : Monday, August 22, 2016 8:51:06 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi		Impunity wrote: ArrestedDev wrote: VituVingiSana wrote: ArrestedDev wrote: Siringi wrote: Rink : Story 👉 Opinion :- We must avoid Jambojet becoming another KQ 😐😯 read the sentiments on the comments section August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Last minute bookings, no mercy at all. What do you think a guy charged 29K one way is going to say out there? He will advised another 10 guys against using the "low cost" Jambo Jet...Low cost should try to remain low cost al all cost, even if the booking is made late like how... His buddies will still fly JJ but they will book earlier... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#5404 Posted : Monday, August 22, 2016 8:59:37 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Impunity wrote: ArrestedDev wrote: VituVingiSana wrote: ArrestedDev wrote: Siringi wrote: Rink : Story 👉 Opinion :- We must avoid Jambojet becoming another KQ 😐😯 read the sentiments on the comments section August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Last minute bookings, no mercy at all. What do you think a guy charged 29K one way is going to say out there? He will advised another 10 guys against using the "low cost" Jambo Jet...Low cost should try to remain low cost al all cost, even if the booking is made late like how... His buddies will still fly JJ but they will book earlier... All flights were booked by lawyers going for the annual south migration (LSK annual retreat). JJ made money. The hotels in south coast made money. Why is he complaining? Is the money made from the lawyers inferior to the white man's dollar/pound? Life is short. Live passionately.
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moneydust		#5405 Posted : Tuesday, August 23, 2016 11:16:09 AM
Rank: Member Joined: 1/31/2007 Posts: 304		KQ enters bus transport business Talk of losing focus...
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Ebenyo		#5406 Posted : Tuesday, August 23, 2016 11:41:35 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale		[quote=moneydust]KQ enters bus transport business Talk of losing focus...[/quote Kq shareholders should not interpret this as good news. The shuttles have been bought on loans as the company is on negative equity.That means an increase on finance costs which currently stands at 7 bilion. It also means there will be an increase on long term debts which currently stands at 113 billion. Worse still,there is the operational deficit of 30 bilion which is serviced by expensive overdrafts and short term borrowings. Therefore any gain made here will be wiped out by finance costs. If you talk about seeing a walking corpse somewhere,i will believe you based on kq company. Towards the goal of financial freedom
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obiero		#5407 Posted : Tuesday, August 23, 2016 12:23:05 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi		Ebenyo wrote: [quote=moneydust]KQ enters bus transport business Talk of losing focus...[/quote Kq shareholders should not interpret this as good news. The shuttles have been bought on loans as the company is on negative equity.That means an increase on finance costs which currently stands at 7 bilion. It also means there will be an increase on long term debts which currently stands at 113 billion. Worse still,there is the operational deficit of 30 bilion which is serviced by expensive overdrafts and short term borrowings. Therefore any gain made here will be wiped out by finance costs. If you talk about seeing a walking corpse somewhere,i will believe you based on kq company. Poor idea COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana		#5408 Posted : Tuesday, August 23, 2016 12:23:54 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi		moneydust wrote: KQ enters bus transport business Talk of losing focus... They will not buy the buses but lease (or outsource) them. I have used "JJ" buses in Mombasa and Eldoret. They are much cheaper than using taxis. From Castle to MIA was 250/- (or so). A cab would be 1,000/- From Eld Airport to town was 200/- (or so). A cab would be 1,700/- The only downside I see is the limited services they offer. The buses should be available every 30-60 mins to/from JKIA. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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ArrestedDev		#5409 Posted : Tuesday, August 23, 2016 12:30:07 PM
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi		Ebenyo wrote: [quote=moneydust]KQ enters bus transport business Talk of losing focus...[/quote Kq shareholders should not interpret this as good news. The shuttles have been bought on loans as the company is on negative equity.That means an increase on finance costs which currently stands at 7 bilion. It also means there will be an increase on long term debts which currently stands at 113 billion. Worse still,there is the operational deficit of 30 bilion which is serviced by expensive overdrafts and short term borrowings. Therefore any gain made here will be wiped out by finance costs. If you talk about seeing a walking corpse somewhere,i will believe you based on kq company. Yeah, you can see the quality of business decisions being made by Ngunze. This kind of service should be reserved for Jambojet only. Ideally, KQ should have their own complementary limo service for business class pax and not this kind of 'matatu' business idea. Even if the buses are leased it will result in further obligations and complexity in managing the proceeds. They should focus on Cargo operations, a larger capacity freighter coupled with cargo charges review will do a great service for the company.
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maka		#5410 Posted : Tuesday, August 23, 2016 12:33:53 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		ArrestedDev wrote: Ebenyo wrote: [quote=moneydust]KQ enters bus transport business Talk of losing focus...[/quote Kq shareholders should not interpret this as good news. The shuttles have been bought on loans as the company is on negative equity.That means an increase on finance costs which currently stands at 7 bilion. It also means there will be an increase on long term debts which currently stands at 113 billion. Worse still,there is the operational deficit of 30 bilion which is serviced by expensive overdrafts and short term borrowings. Therefore any gain made here will be wiped out by finance costs. If you talk about seeing a walking corpse somewhere,i will believe you based on kq company. Yeah, you can see the quality of business decisions being made by Ngunze. This kind of service should be reserved for Jambojet only. Ideally, KQ should have their own complementary limo service for business class pax and not this kind of 'matatu' business idea. Even if the buses are leased it will result in further obligations and complexity in managing the proceeds. They should focus on Cargo operations, a larger capacity freighter coupled with cargo charges review will do a great service for the company. Transfers and karibu?They already have a service similar to this...they can always meet and greet you, get you a cab plus book a hotel for you for a fee ofcourse... possunt quia posse videntur
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