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Kenya Airways...why ignore..
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ArrestedDev
#8641 Posted : Saturday, October 07, 2017 2:11:42 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
[quote=maka]Changes...




[/quote

All implicated in one way or another in the forensic audit. Fuel procurement was adversely mentioned.
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ArrestedDev
#8642 Posted : Saturday, October 07, 2017 2:15:42 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances


STALE NEWS!!!!

We reported here long ago on this. Proceeds from the sale were received long ago and lease payments being paid for a number of months now.
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ArrestedDev
#8643 Posted : Saturday, October 07, 2017 2:23:00 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
the deal wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances

Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O


Just my 2 Zim cents!


Starting with Naikuni....Sad


These two planes are in the fleet. The B737-700 that you said are doing West Africa. You also posted on the LOS discussion.
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ArrestedDev
#8644 Posted : Saturday, October 07, 2017 2:28:07 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Ericsson wrote:
mamilli wrote:
obiero wrote:
the deal wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances

Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O


Just my 2 Zim cents!

@thedeal you have missed the point on KQ. While I agree that some people need to go to jail, it's inconsiderate to imagine that GoK would liquidate it's national airline. Hii kitu haiweskani kufa, we may touch the lowest of lows in terms of share price but closing shop will not happen. Ask MSC, ask Uchumi.. One KQ aircraft engine could buy the entire FTG and leave change for part purchase of I&M


But elder,that one engine is owned by the banksters Laughing out loudly Laughing out loudly how can KQ trade with what it does not own!


@Mamilli
You are right the engines are owned by the banksters.
Not the local/kenyan ones but JP Morgan,Citibank and Barclays Plc.
KQ can't sell them without their consent



These two planes were purchased outrightly and very dated. Any loans used to acquire them must have been already or cleared with the proceeds from the sale.
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obiero
#8645 Posted : Sunday, October 08, 2017 7:30:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
Waiting, patiently.. Files handed over to CMA for final approval http://www.businessdaily...30170-eggksbz/index.html

KQ ABP 4.26
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  | | Edit by user: Sunday, October 08, 2017 7:31 PM | Reason: Not specified
VituVingiSana
#8646 Posted : Monday, October 09, 2017 12:16:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
Air France to resume direct flights Paris-Nairobi from next year march.
Three flights a week

Excellent news. Now Kenyans can get better connections to Paris & beyond. Probably even cheaper than flights to (or connecting through) Schipol.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#8647 Posted : Monday, October 09, 2017 12:18:28 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
obiero wrote:
the deal wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances

Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O


Just my 2 Zim cents!

@thedeal you have missed the point on KQ. While I agree that some people need to go to jail, it's inconsiderate to imagine that GoK would liquidate it's national airline. Hii kitu haiweskani kufa, we may touch the lowest of lows in terms of share price but closing shop will not happen. Ask MSC, ask Uchumi.. One KQ aircraft engine could buy the entire FTG and leave change for part purchase of I&M

Hmmm, but doesn't FTG actually OWN their assets? [Positive NAV]
Same with I&M Bank? [Positive NAV]
Does KQ own the engines?
Or the aircraft?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#8648 Posted : Monday, October 09, 2017 12:21:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
ArrestedDev wrote:
Ericsson wrote:
mamilli wrote:
obiero wrote:
the deal wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances

Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O


Just my 2 Zim cents!

@thedeal you have missed the point on KQ. While I agree that some people need to go to jail, it's inconsiderate to imagine that GoK would liquidate it's national airline. Hii kitu haiweskani kufa, we may touch the lowest of lows in terms of share price but closing shop will not happen. Ask MSC, ask Uchumi.. One KQ aircraft engine could buy the entire FTG and leave change for part purchase of I&M


But elder,that one engine is owned by the banksters Laughing out loudly Laughing out loudly how can KQ trade with what it does not own!


@Mamilli
You are right the engines are owned by the banksters.
Not the local/kenyan ones but JP Morgan,Citibank and Barclays Plc.
KQ can't sell them without their consent



These two planes were purchased outrightly and very dated. Any loans used to acquire them must have been already or cleared with the proceeds from the sale.

Ahhh! I hope Equity gets paid with the proceeds. We don't need bad debts on our books with IFRS 9 coming into play starting 1 Jan 2018.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ArrestedDev
#8649 Posted : Monday, October 09, 2017 4:06:16 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
ArrestedDev wrote:
Ericsson wrote:
mamilli wrote:
obiero wrote:
the deal wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances

Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O


Just my 2 Zim cents!

@thedeal you have missed the point on KQ. While I agree that some people need to go to jail, it's inconsiderate to imagine that GoK would liquidate it's national airline. Hii kitu haiweskani kufa, we may touch the lowest of lows in terms of share price but closing shop will not happen. Ask MSC, ask Uchumi.. One KQ aircraft engine could buy the entire FTG and leave change for part purchase of I&M


But elder,that one engine is owned by the banksters Laughing out loudly Laughing out loudly how can KQ trade with what it does not own!


@Mamilli
You are right the engines are owned by the banksters.
Not the local/kenyan ones but JP Morgan,Citibank and Barclays Plc.
KQ can't sell them without their consent



These two planes were purchased outrightly and very dated. Any loans used to acquire them must have been already or cleared with the proceeds from the sale.

Ahhh! I hope Equity gets paid with the proceeds. We don't need bad debts on our books with IFRS 9 coming into play starting 1 Jan 2018.


past tense, utilized long ago. Nothing to pay down debts.
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obiero
#8650 Posted : Monday, October 09, 2017 6:50:01 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
ArrestedDev wrote:
VituVingiSana wrote:
ArrestedDev wrote:
Ericsson wrote:
mamilli wrote:
obiero wrote:
the deal wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html

KQ sells two planes in bid to shore up its finances

Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O


Just my 2 Zim cents!

@thedeal you have missed the point on KQ. While I agree that some people need to go to jail, it's inconsiderate to imagine that GoK would liquidate it's national airline. Hii kitu haiweskani kufa, we may touch the lowest of lows in terms of share price but closing shop will not happen. Ask MSC, ask Uchumi.. One KQ aircraft engine could buy the entire FTG and leave change for part purchase of I&M


But elder,that one engine is owned by the banksters Laughing out loudly Laughing out loudly how can KQ trade with what it does not own!


@Mamilli
You are right the engines are owned by the banksters.
Not the local/kenyan ones but JP Morgan,Citibank and Barclays Plc.
KQ can't sell them without their consent



These two planes were purchased outrightly and very dated. Any loans used to acquire them must have been already or cleared with the proceeds from the sale.

Ahhh! I hope Equity gets paid with the proceeds. We don't need bad debts on our books with IFRS 9 coming into play starting 1 Jan 2018.


past tense, utilized long ago. Nothing to pay down debts.

Very few companies can survive without debt

KQ ABP 4.26
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