Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Elder Joined: 12/4/2009 Posts: 10,703 Location: NAIROBI
|
obiero wrote:Fyatu wrote:I am not a sharehoder of KQ but would like to comment about the PPP document posted by @Obiero.
On page 69. of the document there are two graphs. One showing competition by other airlines for KQ at Nairobi hub(JKIA) and another showing competition for Ethiopian in Addis. The KQ graph on the left shows a steep rise in competition circa 2015-2016. I suspect the cause of this sharp rise in competition was a government policy to open airspace(reference needed). If this is the cause then government can write another policy revoking the other policy.
On page 8,of the document they list one of the benefits of the SPV as infrastructure upgrade. They further talk of runway efficiency without building a second runway. They also talk about building terminal 1E permanently and upgrading other terminals etc in page 10.
The question is,.....
is the government/KAA/ministry of transport not able to build infrastructure?
Who has been running JKIA if not GoK/KAA?
So if JKIA is fully owned by GOK and Bole in Addis is fully owned by govt. of Ethiopia, why do we need SPV when government and MPs can write policy/legislation to ensure all operations at JKIA are consolidated and airspace is skewed towards KQ's favour?Do we need SPV for this?
Where is the SPV going to get money to build terminals, runway and buy 20 planes?Is it going to be our taxes since the document states that the reasons Ethiopian, Rwandair and Air Tanzania are competing well is because their own hubs are owned by their governments/tax payers/wananinchi.
Is this document telling Kenyans that KQ proposes that government of Kenya takes over JKIA, buys out all shares of KQ so as KQ becomes 100% govt. owned like Air Tanzania?Do we need SPV to achieve this? @Fyatu the only profitable airports in Kenya are Wilson and JKIA.. That's why KQ needs JKIA whose success is likely to spur other airports into profitability.. GoK doesn't have any more funds to throw at KAA or KQ, thus the SPV KAA can source for loans on its own,use the money to develop the Airports in kenya and repay without the assistance of KQ Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
|
Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job National Oil picks British consultant to guide its turnaround https://www.businessdail...34662-f7iqf5z/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:[quote=Ericsson]A kenyan can be sourced and at a cheaper package and he will do a wonderful job National Oil picks British consultant to guide its turnaround https://www.businessdail...4662-f7iqf5z/index.html[/quote] Kenyattas pick mzungus to head parastatals where they have strategic interests but we see through their smoke screens. Life is short. Live passionately.
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:nairobby wrote:[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote] I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held. MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away. The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork. Cancel NYC flights?  After all the drama we were subjected to?  Hard drugs.. NYC will not be pulled out It will go with Mikosz. KQ cannot sustain expansion if it is not making money. This is why Mikosz is stepping out if KAA deal does not go through. Even the B777 coming back this year will likely be sold as KQ won’t afford to repay the lease costs.
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary.
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... The problem is that he never questioned the stupid and childish decisions made by Naikuni and Ngunze. He only misses the hefty pay and the king like lifestyle they are accorded in Kenya. @maka whom did he meet while he was there, MJ? If this is the case then Mikosz is being ejected. The recent press conference tells a lot.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,567 Location: nairobi
|
Ericsson wrote:obiero wrote:Fyatu wrote:I am not a sharehoder of KQ but would like to comment about the PPP document posted by @Obiero.
On page 69. of the document there are two graphs. One showing competition by other airlines for KQ at Nairobi hub(JKIA) and another showing competition for Ethiopian in Addis. The KQ graph on the left shows a steep rise in competition circa 2015-2016. I suspect the cause of this sharp rise in competition was a government policy to open airspace(reference needed). If this is the cause then government can write another policy revoking the other policy.
On page 8,of the document they list one of the benefits of the SPV as infrastructure upgrade. They further talk of runway efficiency without building a second runway. They also talk about building terminal 1E permanently and upgrading other terminals etc in page 10.
The question is,.....
is the government/KAA/ministry of transport not able to build infrastructure?
Who has been running JKIA if not GoK/KAA?
So if JKIA is fully owned by GOK and Bole in Addis is fully owned by govt. of Ethiopia, why do we need SPV when government and MPs can write policy/legislation to ensure all operations at JKIA are consolidated and airspace is skewed towards KQ's favour?Do we need SPV for this?
Where is the SPV going to get money to build terminals, runway and buy 20 planes?Is it going to be our taxes since the document states that the reasons Ethiopian, Rwandair and Air Tanzania are competing well is because their own hubs are owned by their governments/tax payers/wananinchi.
Is this document telling Kenyans that KQ proposes that government of Kenya takes over JKIA, buys out all shares of KQ so as KQ becomes 100% govt. owned like Air Tanzania?Do we need SPV to achieve this? @Fyatu the only profitable airports in Kenya are Wilson and JKIA.. That's why KQ needs JKIA whose success is likely to spur other airports into profitability.. GoK doesn't have any more funds to throw at KAA or KQ, thus the SPV KAA can source for loans on its own,use the money to develop the Airports in kenya and repay without the assistance of KQ @Ericsson that will not address the competitive positioning of KQ. The airline is under attack by its rivals and needs a model that's aligned to stay in the game
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,567 Location: nairobi
|
ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
|
a letter penned by striking workers making all manner of accusations against the senior management... I would not be quick to believe much of what was written
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
obiero wrote:Ericsson wrote:obiero wrote:Fyatu wrote:I am not a sharehoder of KQ but would like to comment about the PPP document posted by @Obiero.
On page 69. of the document there are two graphs. One showing competition by other airlines for KQ at Nairobi hub(JKIA) and another showing competition for Ethiopian in Addis. The KQ graph on the left shows a steep rise in competition circa 2015-2016. I suspect the cause of this sharp rise in competition was a government policy to open airspace(reference needed). If this is the cause then government can write another policy revoking the other policy.
On page 8,of the document they list one of the benefits of the SPV as infrastructure upgrade. They further talk of runway efficiency without building a second runway. They also talk about building terminal 1E permanently and upgrading other terminals etc in page 10.
The question is,.....
is the government/KAA/ministry of transport not able to build infrastructure?
Who has been running JKIA if not GoK/KAA?
So if JKIA is fully owned by GOK and Bole in Addis is fully owned by govt. of Ethiopia, why do we need SPV when government and MPs can write policy/legislation to ensure all operations at JKIA are consolidated and airspace is skewed towards KQ's favour?Do we need SPV for this?
Where is the SPV going to get money to build terminals, runway and buy 20 planes?Is it going to be our taxes since the document states that the reasons Ethiopian, Rwandair and Air Tanzania are competing well is because their own hubs are owned by their governments/tax payers/wananinchi.
Is this document telling Kenyans that KQ proposes that government of Kenya takes over JKIA, buys out all shares of KQ so as KQ becomes 100% govt. owned like Air Tanzania?Do we need SPV to achieve this? @Fyatu the only profitable airports in Kenya are Wilson and JKIA.. That's why KQ needs JKIA whose success is likely to spur other airports into profitability.. GoK doesn't have any more funds to throw at KAA or KQ, thus the SPV KAA can source for loans on its own,use the money to develop the Airports in kenya and repay without the assistance of KQ @Ericsson that will not address the competitive positioning of KQ. The airline is under attack by its rivals and needs a model that's aligned to stay in the game @Obiero, from my understanding of the PPP document, KQ argues that the reason that Ethiopian and Rwandair are succeeding is that they are fully(100%) owned by respective governments. Also,that their key hubs Bole and Kigali are also 100% owned by government. My question is, isn't JKIA 100% owned by government of Kenya? If not, who are the other shareholders? Furthermore, If KQ fully reverts back to GoK, then it purely becomes mali ya umma and hence a taxpayers asset/liability. So where is the need for SPV? Are Kenyan taxpayers going to be funding a private company(SPV) in the guise of 100% government owned? Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,703 Location: NAIROBI
|
Kq i its current state is having difficulties repaying its debt. It wants to use JKIA revenue for that Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid.
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
VituVingiSana wrote:ArrestedDev wrote:obiero wrote:nairobby wrote:[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote] I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held. MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away. The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork. Cancel NYC flights? After all the drama we were subjected to? Mmmmmh... It shouldnt have even started. possunt quia posse videntur
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid. Dreams are valid. Just get to dream. Deliverables made. Almost achieving a milestone goal. God help allqueer, and help @obiero to sniff the pure truth and get high on it ,Behold, a sower went forth to sow;....
|
|
|
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
|
ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid. That KAWU letter was full of hogwash, most claims were factually incorrect and meant to elicit the reaction it did. However labour cost at KQ is a big big cost to the company. For example cost per employee is 3x that of Ethiopian. Sebastian has a point. Anyway, KQ will most probably die soon with or without the KAA plan.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,567 Location: nairobi
|
nairobby wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid. That KAWU letter was full of hogwash, most claims were factually incorrect and meant to elicit the reaction it did. However labour cost at KQ is a big big cost to the company. For example cost per employee is 3x that of Ethiopian. Sebastian has a point. Anyway, KQ will most probably die soon with or without the KAA plan. The deal is signed, sealed and delivered
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
nairobby wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid. That KAWU letter was full of hogwash, most claims were factually incorrect and meant to elicit the reaction it did. However labour cost at KQ is a big big cost to the company. For example cost per employee is 3x that of Ethiopian. Sebastian has a point. Anyway, KQ will most probably die soon with or without the KAA plan. @Obiero kuja hapa give the figures I gave you on salaries... Its only very senior managers and pilots who earn crazy cash in that company... There was even a comparison I posted here on staff cost ...ET...SAA...KQ possunt quia posse videntur
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,567 Location: nairobi
|
maka wrote:nairobby wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid. That KAWU letter was full of hogwash, most claims were factually incorrect and meant to elicit the reaction it did. However labour cost at KQ is a big big cost to the company. For example cost per employee is 3x that of Ethiopian. Sebastian has a point. Anyway, KQ will most probably die soon with or without the KAA plan. @Obiero kuja hapa give the figures I gave you on salaries... Its only very senior managers and pilots who earn crazy cash in that company... There was even a comparison I posted here on staff cost ...ET...SAA...KQ That's confidential.. Wacha tuvuke hii mpaka ya JKIA
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
obiero wrote:maka wrote:nairobby wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:maka wrote:KulaRaha wrote:Ericsson wrote:A kenyan can be sourced and at a cheaper package and he will do a wonderful job Really? Which Kenyan CEO is doing an amazing job at a parastatal? The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back... Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁 Nothing racist on this. The guy does not understand what it is required to pull the Airline out of the mess. He cannot blame the pilots for asking a pay rise yet he is keeping consultants duplicating roles at a hefty pay, appointing slay queens to very critical roles and spending big in his funded company account on top of his hefty salary. Recently you had a different opinion. I hope it's not the letter by KAWU that swayed you It is now evident as per his recent press conference that he have no idea of how to pull the Airline out of the loss making position. He is wasting his time blaming Naikuni and Ngunze. What they did is now past tense and the fellow should be working hard to reverse the effects of the past decisions. Blaming staff won’t solve the underlying issues. We know the cost of staffing in KQ is way less than the global rates. Just looking for scapegoats is childish and stupid. That KAWU letter was full of hogwash, most claims were factually incorrect and meant to elicit the reaction it did. However labour cost at KQ is a big big cost to the company. For example cost per employee is 3x that of Ethiopian. Sebastian has a point. Anyway, KQ will most probably die soon with or without the KAA plan. @Obiero kuja hapa give the figures I gave you on salaries... Its only very senior managers and pilots who earn crazy cash in that company... There was even a comparison I posted here on staff cost ...ET...SAA...KQ That's confidential.. Wacha tuvuke hii mpaka ya JKIA What Mikosz said is hogwash. He doesn’t have any point to raise. Directors including him take home very hefty pay checks. KAWU press release had some substance on it. There are not finance people and they might have missed some figures but it is true the KLM stooges and the bogus polish consultants are bleeding KQ dry and they now want to bleed KAA too.
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
No feasibility study. Nothing at all. Just Kinyua and Macharia taking care of the masters’ interests. https://www.nation.co.ke...36366-qyfs9qz/index.html
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|