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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,630 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but...  I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,630 Location: nairobi
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sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,758 Location: NAIROBI
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obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,630 Location: nairobi
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Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins For once i believe huyu ndugu @Obiero. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 12/4/2009 Posts: 10,758 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins for how long will is still be on life supporting machines Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,630 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins for how long will is still be on life supporting machines If you read the national assembly speaker ruling dated 24.03.2019 you would not ask that question
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,758 Location: NAIROBI
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Kenya Airways loses KSh202 million every month to its Boeing 777Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the executive admitted that the purchase of the long-range aircraft was a mistake. “We did a mistake with the 777 which are costing us lots of money and trouble today, and I’m doing everything I can to get rid of those aircrafts….” said Mr. Sebastian to the parliamentarians in charge of the Transport, Public Works and Housing. The planes were bought in the early 2000s from Boeing as part of the airline’s expansion plan. In 2016, KQ sold two B777 airplanes to a US airline company and leased the remaining fleet to Turkish airlines. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Ericsson wrote:Kenya Airways loses KSh202 million every month to its Boeing 777
Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the executive admitted that the purchase of the long-range aircraft was a mistake.
“We did a mistake with the 777 which are costing us lots of money and trouble today, and I’m doing everything I can to get rid of those aircrafts….” said Mr. Sebastian to the parliamentarians in charge of the Transport, Public Works and Housing.
The planes were bought in the early 2000s from Boeing as part of the airline’s expansion plan. In 2016, KQ sold two B777 airplanes to a US airline company and leased the remaining fleet to Turkish airlines. The last paragraph is wrong. The reporter is mixing up the -200ER which are now all disposed and the -300ER sub-leased to Turkish at a lower price than the actual lease cost KQ pays owners. Mikosz contradicts himself on this again. He initially stated the -300ER will return to the fleet and won’t be sold.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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12111 posts.
Stocks that attract the most attention are really the most dangerous to touch.
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Rank: Chief Joined: 1/3/2007 Posts: 18,157 Location: Nairobi
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Ericsson wrote:Kenya Airways loses KSh202 million every month to its Boeing 777
Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the executive admitted that the purchase of the long-range aircraft was a mistake.
“We did a mistake with the 777 which are costing us lots of money and trouble today, and I’m doing everything I can to get rid of those aircrafts….” said Mr. Sebastian to the parliamentarians in charge of the Transport, Public Works and Housing.
The planes were bought in the early 2000s from Boeing as part of the airline’s expansion plan. In 2016, KQ sold two B777 airplanes to a US airline company and leased the remaining fleet to Turkish airlines. I am so glad  I saw the light and dumped my KQ and bought other shares eg KK.  Do not sit on shares of a firm that is dying. Take the loss and move on. It was an expensive lesson but my KK covered the losses from KQ and some. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,157 Location: Nairobi
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cyruskulei wrote:obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins For once i believe huyu ndugu @Obiero. At what cost to the Taxpayer? And (minority) shareholders too. If KQ raises more capital, the minorities will become even more "minor" given no sensible investor will pay 5/- a share for the current hot mess that is KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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My reading of all this points to a possibility of someone wanting to grab JKIA through the back door. If KQ default on its loan, then JKIA or part of the land can be auctioned and sold to the highest binder. We can then debate on whether an airline or an airport is of more national importance. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Gatheuzi wrote:My reading of all this points to a possibility of someone wanting to grab JKIA through the back door. If KQ default on its loan, then JKIA or part of the land can be auctioned and sold to the highest binder. We can then debate on whether an airline or an airport is of more national importance. Proposal is for management not transfer of the assets but yes if KAA gives an inch, KQ might take a mile. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,758 Location: NAIROBI
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sparkly wrote:Gatheuzi wrote:My reading of all this points to a possibility of someone wanting to grab JKIA through the back door. If KQ default on its loan, then JKIA or part of the land can be auctioned and sold to the highest binder. We can then debate on whether an airline or an airport is of more national importance. Proposal is for management not transfer of the assets but yes if KAA gives an inch, KQ might take a mile. Compare KAA and KQ,which one has better management? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,758 Location: NAIROBI
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Gatheuzi wrote:My reading of all this points to a possibility of someone wanting to grab JKIA through the back door. If KQ default on its loan, then JKIA or part of the land can be auctioned and sold to the highest binder. We can then debate on whether an airline or an airport is of more national importance. "Does it really provide value for money for KAA? Because today we are a profitable parastatal,we are making quite good money from the business that we are running and the question is if we join KQ,does one plus one become three,because it has to.We are questioning whether this the best possible proposal out there to create value for KAA and for the people of Kenya.”Jonny Andersen MD-Kenya Airports Authority Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/15/2013 Posts: 301
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rwitre wrote:12111 posts.
Stocks that attract the most attention are really the most dangerous to touch. when Obiero returned from hibernation this thread was reignited back to full thrust......
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Ericsson wrote:Kenya Airways loses KSh202 million every month to its Boeing 777
Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the executive admitted that the purchase of the long-range aircraft was a mistake.
“We did a mistake with the 777 which are costing us lots of money and trouble today, and I’m doing everything I can to get rid of those aircrafts….” said Mr. Sebastian to the parliamentarians in charge of the Transport, Public Works and Housing.
The planes were bought in the early 2000s from Boeing as part of the airline’s expansion plan. In 2016, KQ sold two B777 airplanes to a US airline company and leased the remaining fleet to Turkish airlines. Naikuni and co did all this and they're just relaxing peacefully now. LOL wow!
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Rank: Elder Joined: 12/4/2009 Posts: 10,758 Location: NAIROBI
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KQ Resorts To Code Sharing Before Finally Suspending US Direct Flightshttps://www.kahawatungu....&utm_medium=twitter
Despite Kenya Airways (KQ) announcing resumption of daily direct flights to US in June, it is evident that the national carrier cannot sustain the flights. In fact, the airliner will not actually resume the flights, but will use American airliner, Delta Airlines, to advance the agenda, which means that a big chunk of profits will go the firm. The two airlines announced that they had signed a code sharing deal, that would see the plan materialise. A code sharing deal is a commercial arrangement between two airlines, whereby one sells seats on a flight operated by the other. In this sense, Kenya Airways, owing to its limited financial ability, will be ‘selling’ its passengers to the American carrier. “As part of our commitment to the New York route, we are proud to be a part of this partnership that will open up opportunities for our customers to access more destinations in North America through the John F. Kennedy Airport,” KQ CEO Sebastian Mikosz said. Barely two weeks after launching the route, KQ reduced the number of its direct flights to new York, US, over low demand. Since then, the carrier has never resumed the flights as per the schedule, which was hit by several hiccups. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kenya Airways...why ignore..
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