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Kenya Airways...why ignore..
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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hardwood wrote:KQ to buy 10 Boeing 737 Max 800 planes at 120B. Can they afford Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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ArrestedDev wrote:ET & Lion Air issues - lack of proper training/ failure to adhere to standard safety procedures. Aircraft ordered with just bare minimum safety adds on. Lion Air crash - pilot on a previous flight flying as a passenger intervened when the pilots of that flight encountered the same problem and managed to contain the issue. South West & American Airlines pilots have also encountered similar issue and managied to overcome. Buying them on the cheap, wishing allqueer lack on this kamikaze penny stock approach. Pulling a parachute is a clever way of saying M.I.A anthem. All is well, that ends well. ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 12/8/2006 Posts: 104
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muandiwambeu wrote:ArrestedDev wrote:ET & Lion Air issues - lack of proper training/ failure to adhere to standard safety procedures. Aircraft ordered with just bare minimum safety adds on. Lion Air crash - pilot on a previous flight flying as a passenger intervened when the pilots of that flight encountered the same problem and managed to contain the issue. South West & American Airlines pilots have also encountered similar issue and managied to overcome. Buying them on the cheap, wishing allqueer lack on this kamikaze penny stock approach. Pulling a parachute is a clever way of saying M.I.A anthem. All is well, that ends well. That plane is FINISHED. Who would board such a flight? Who would make a booking without assurance that they are not using such a plane. In fact, Boeing is messed on this one. If they are able to place a patch quickly, the question will be "If so easy, why not done earlier?" If they take too long, only exacerbates the fact that they went to market with a faulty plane. Think the only issue is cancellation penalties and whether or not grounding by the FAA provides sufficient grounds for a FULL refund.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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passiveinvestor wrote:muandiwambeu wrote:ArrestedDev wrote:ET & Lion Air issues - lack of proper training/ failure to adhere to standard safety procedures. Aircraft ordered with just bare minimum safety adds on. Lion Air crash - pilot on a previous flight flying as a passenger intervened when the pilots of that flight encountered the same problem and managed to contain the issue. South West & American Airlines pilots have also encountered similar issue and managied to overcome. Buying them on the cheap, wishing allqueer lack on this kamikaze penny stock approach. Pulling a parachute is a clever way of saying M.I.A anthem. All is well, that ends well. That plane is FINISHED. Who would board such a flight? Who would make a booking without assurance that they are not using such a plane. In fact, Boeing is messed on this one. If they are able to place a patch quickly, the question will be "If so easy, why not done earlier?" If they take too long, only exacerbates the fact that they went to market with a faulty plane. Think the only issue is cancellation penalties and whether or not grounding by the FAA provides sufficient grounds for a FULL refund. Correction, luck and not lack. I implied they are flying blind on this. Their luck is sealed if they are not bon air. Otherwise it's a crash until something positive shows up on the horizon of this dumb investment strategy, dearest passiverider😎 ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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passiveinvestor wrote:muandiwambeu wrote:ArrestedDev wrote:ET & Lion Air issues - lack of proper training/ failure to adhere to standard safety procedures. Aircraft ordered with just bare minimum safety adds on. Lion Air crash - pilot on a previous flight flying as a passenger intervened when the pilots of that flight encountered the same problem and managed to contain the issue. South West & American Airlines pilots have also encountered similar issue and managied to overcome. Buying them on the cheap, wishing allqueer lack on this kamikaze penny stock approach. Pulling a parachute is a clever way of saying M.I.A anthem. All is well, that ends well. That plane is FINISHED. Who would board such a flight? Who would make a booking without assurance that they are not using such a plane. In fact, Boeing is messed on this one. If they are able to place a patch quickly, the question will be "If so easy, why not done earlier?" If they take too long, only exacerbates the fact that they went to market with a faulty plane. Think the only issue is cancellation penalties and whether or not grounding by the FAA provides sufficient grounds for a FULL refund. Rest of the older 737 series ( the legacy series) as well as the 737NG - 738 faced a myriad of issues too. The plane will get off the ground soon.
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Rank: Elder Joined: 6/23/2009 Posts: 13,566 Location: nairobi
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ArrestedDev wrote:passiveinvestor wrote:muandiwambeu wrote:ArrestedDev wrote:ET & Lion Air issues - lack of proper training/ failure to adhere to standard safety procedures. Aircraft ordered with just bare minimum safety adds on. Lion Air crash - pilot on a previous flight flying as a passenger intervened when the pilots of that flight encountered the same problem and managed to contain the issue. South West & American Airlines pilots have also encountered similar issue and managied to overcome. Buying them on the cheap, wishing allqueer lack on this kamikaze penny stock approach. Pulling a parachute is a clever way of saying M.I.A anthem. All is well, that ends well. That plane is FINISHED. Who would board such a flight? Who would make a booking without assurance that they are not using such a plane. In fact, Boeing is messed on this one. If they are able to place a patch quickly, the question will be "If so easy, why not done earlier?" If they take too long, only exacerbates the fact that they went to market with a faulty plane. Think the only issue is cancellation penalties and whether or not grounding by the FAA provides sufficient grounds for a FULL refund. Rest of the older 737 series ( the legacy series) as well as the 737NG - 738 faced a myriad of issues too. The plane will get off the ground soon. Sensationalism reporting.. KQ specifically mentioned that the same will only proceed upon full addressing of current glitch. The plane will get off the ground soon
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/23/2014 Posts: 913
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obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 13,566 Location: nairobi
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HaMaina wrote:obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? Yes
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:HaMaina wrote:obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? Yes Net loss still very significant. Mikosz already expressed his frustration on this. 2019 figures still be not palatable at all as fleet ownership and maintenance costs will rise with the return of the B777.
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Rank: Elder Joined: 6/23/2009 Posts: 13,566 Location: nairobi
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ArrestedDev wrote:obiero wrote:HaMaina wrote:obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? Yes Net loss still very significant. Mikosz already expressed his frustration on this. 2019 figures still be not palatable at all as fleet ownership and maintenance costs will rise with the return of the B777. Revenue significantly up. Also, JKIA will turn everything inside out...
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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ArrestedDev wrote:obiero wrote:HaMaina wrote:obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? Yes Net loss still very significant. Mikosz already expressed his frustration on this. 2019 figures still be not palatable at all as fleet ownership and maintenance costs will rise with the return of the B777. Results ziko wapi @ArrestedDev and Obiero Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:ArrestedDev wrote:obiero wrote:HaMaina wrote:obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? Yes Net loss still very significant. Mikosz already expressed his frustration on this. 2019 figures still be not palatable at all as fleet ownership and maintenance costs will rise with the return of the B777. Results ziko wapi @ArrestedDev and Obiero Obiero fake news.... Was at Pride jana and today.... Nothing of the sort is even being prepared for.... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Kenya Airways’ decision to sack a pilot who refused to fly a faulty plane has come back to haunt the national carrier, which now risks paying John Miriti Mbarire Sh181 million. Mr Mbarire had his contract terminated for causing a 34-minute delay in a flight from Nairobi to Kisumu in 2017, and for allegedly using wrong channels to request a sick day. The pilot was at the time five years from retirement so he wants KQ ordered to pay his salary and allowances for the period, totalling Sh170.3 million, and damages of Sh11.3 million for unlawful dismissal. Had he completed the last 69 months of his flying career at KQ, Mr Mbarire would have earned Sh65.2 million in salaries, Sh95.9 million in flying allowances, Sh6.2 million in insurance cover for himself and his family and Sh3 million in travel allowances. KQ insists it rightfully dismissed the pilot. In its defence, the national carrier insists that Mr Mbarire had a history of run-ins with authorities and that his responses were considered insufficient by a panel that presided over his disciplinary hearings. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:Kenya Airways’ decision to sack a pilot who refused to fly a faulty plane has come back to haunt the national carrier, which now risks paying John Miriti Mbarire Sh181 million.
Mr Mbarire had his contract terminated for causing a 34-minute delay in a flight from Nairobi to Kisumu in 2017, and for allegedly using wrong channels to request a sick day.
The pilot was at the time five years from retirement so he wants KQ ordered to pay his salary and allowances for the period, totalling Sh170.3 million, and damages of Sh11.3 million for unlawful dismissal.
Had he completed the last 69 months of his flying career at KQ, Mr Mbarire would have earned Sh65.2 million in salaries, Sh95.9 million in flying allowances, Sh6.2 million in insurance cover for himself and his family and Sh3 million in travel allowances.
KQ insists it rightfully dismissed the pilot. In its defence, the national carrier insists that Mr Mbarire had a history of run-ins with authorities and that his responses were considered insufficient by a panel that presided over his disciplinary hearings. I have always said it here.... KQ HR and Legal dept has idiots..... They cost that company a lot of cash.... Bure kabisa.... possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:maka wrote:Kenya Airways’ decision to sack a pilot who refused to fly a faulty plane has come back to haunt the national carrier, which now risks paying John Miriti Mbarire Sh181 million.
Mr Mbarire had his contract terminated for causing a 34-minute delay in a flight from Nairobi to Kisumu in 2017, and for allegedly using wrong channels to request a sick day.
The pilot was at the time five years from retirement so he wants KQ ordered to pay his salary and allowances for the period, totalling Sh170.3 million, and damages of Sh11.3 million for unlawful dismissal.
Had he completed the last 69 months of his flying career at KQ, Mr Mbarire would have earned Sh65.2 million in salaries, Sh95.9 million in flying allowances, Sh6.2 million in insurance cover for himself and his family and Sh3 million in travel allowances.
KQ insists it rightfully dismissed the pilot. In its defence, the national carrier insists that Mr Mbarire had a history of run-ins with authorities and that his responses were considered insufficient by a panel that presided over his disciplinary hearings. I have always said it here.... KQ HR and Legal dept has idiots..... They cost that company a lot of cash.... Bure kabisa.... How now? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,566 Location: nairobi
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Impunity wrote:maka wrote:maka wrote:Kenya Airways’ decision to sack a pilot who refused to fly a faulty plane has come back to haunt the national carrier, which now risks paying John Miriti Mbarire Sh181 million.
Mr Mbarire had his contract terminated for causing a 34-minute delay in a flight from Nairobi to Kisumu in 2017, and for allegedly using wrong channels to request a sick day.
The pilot was at the time five years from retirement so he wants KQ ordered to pay his salary and allowances for the period, totalling Sh170.3 million, and damages of Sh11.3 million for unlawful dismissal.
Had he completed the last 69 months of his flying career at KQ, Mr Mbarire would have earned Sh65.2 million in salaries, Sh95.9 million in flying allowances, Sh6.2 million in insurance cover for himself and his family and Sh3 million in travel allowances.
KQ insists it rightfully dismissed the pilot. In its defence, the national carrier insists that Mr Mbarire had a history of run-ins with authorities and that his responses were considered insufficient by a panel that presided over his disciplinary hearings. I have always said it here.... KQ HR and Legal dept has idiots..... They cost that company a lot of cash.... Bure kabisa.... How now? When one staff in a company constantly refers to every senior manager as fool or idiot you have to know that the problem may not necessarily be with the management but the staff. In this case @maka
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,566 Location: nairobi
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maka wrote:Ericsson wrote:ArrestedDev wrote:obiero wrote:HaMaina wrote:obiero wrote:ArrestedDev wrote:Agree that pax and cargo uplift is up but not enough to pull it out of the loss position. Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B Is it Wednesday Tomorrow ?? Yes Net loss still very significant. Mikosz already expressed his frustration on this. 2019 figures still be not palatable at all as fleet ownership and maintenance costs will rise with the return of the B777. Results ziko wapi @ArrestedDev and Obiero Obiero fake news.... Was at Pride jana and today.... Nothing of the sort is even being prepared for.... We saw you and the union guys so decided to do it on Friday morning at the Intercon
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Yaani, KQ has money for Intercont?  Lakini, no money to pay off its loans?  Let me return to my lane!  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: 13,566 Location: nairobi
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VituVingiSana wrote:Yaani, KQ has money for Intercont?
Lakini, no money to pay off its loans? Hata wewe uko na loan bwana na bado unasema you have lots of cash..
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Yaani, KQ has money for Intercont?
Lakini, no money to pay off its loans? Hata wewe uko na loan bwana na bado unasema you have lots of cash.. 1) Sijasema I have lots of cash. When did I say that? 2) Sitafuti bailout kama wengine. 3) Why don't they have it in the Pride-less Center to show their pride? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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