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Kenya Airways...why ignore..
maka
#12741 Posted : Saturday, June 01, 2019 3:12:05 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
ArrestedDev wrote:
Spikes wrote:
obiero wrote:
snifadog wrote:
obiero wrote:
snifadog wrote:
borderline genius ? taken with a large pinch of salt coming from a KQ addict like you

Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades



schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you

This is the problem in Africa. We always try to bring down anyone who's doing better than us


'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations .
You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans!


Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm.

Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here.


KQ used to contract Saf for staff hones... TN went to Airtel... New phones (Huawei) plus Airtel lines came... Worked for like 1 year now back to Saf am sure because of MJs influence ... Notice the numbers are 0741******

That's how business is done in Kenya...

BTw MJ is an interesting Chairman he almost always flies BA....



Hehe. You amuse.. Do you track all his flight movements? How many flights has he had in the past 3 years and how many were on BA in comparison to KQ.. You may have a point but you need to ground it with substance, not innuendo


Yes I get to know every time he travels....
possunt quia posse videntur
ArrestedDev
#12742 Posted : Saturday, June 01, 2019 4:50:22 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
obiero wrote:
maka wrote:
ArrestedDev wrote:
Spikes wrote:
obiero wrote:
snifadog wrote:
obiero wrote:
snifadog wrote:
borderline genius ? taken with a large pinch of salt coming from a KQ addict like you

Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades



schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you

This is the problem in Africa. We always try to bring down anyone who's doing better than us


'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations .
You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans!


Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm.

Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here.


KQ used to contract Saf for staff hones... TN went to Airtel... New phones (Huawei) plus Airtel lines came... Worked for like 1 year now back to Saf am sure because of MJs influence ... Notice the numbers are 0741******

That's how business is done in Kenya...

BTw MJ is an interesting Chairman he almost always flies BA....



Hehe. You amuse.. Do you track all his flight movements? How many flights has he had in the past 3 years and how many were on BA in comparison to KQ.. You may have a point but you need to ground it with substance, not innuendo


Yes I get to know every time he travels....


GDS/ Amadeus can show the itinerary. @maka, when are the polish consultants and the KLM Directors leaving? Mikosz must have resigned partly because of the Polish consultants being required to leave?
maka
#12743 Posted : Sunday, June 02, 2019 12:10:24 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
ArrestedDev wrote:
maka wrote:
obiero wrote:
maka wrote:
ArrestedDev wrote:
Spikes wrote:
obiero wrote:
snifadog wrote:
obiero wrote:
snifadog wrote:
borderline genius ? taken with a large pinch of salt coming from a KQ addict like you

Research a little about the schooling of the man.. Not everything African is bad. Even Kibaki was a borderline genius going by his grades



schooling is mostly about exams..anyone well prepared can pass an exam. our african schools are about memorising correct answers to exam questions and regurgitating in the exam hall. let no fancy sounding schools fool you

This is the problem in Africa. We always try to bring down anyone who's doing better than us


'Doing better than us' How? Everybody is endowed differently in terms of gifts and talents...And I don't think Nguze and his predecessor Naikuni were gifted or talented in transforming KQ... They were just nepotism/cronyism appointees by the state. About schooling and qualifications, a number of Kenyans can outshine most crooks heading big corporations .
You can't tell us these crooks including your buddy Alex Mbugua are more educated than us Wazuans!


Well said. Just connections. He is the brother of a Royal family Bank CEO. Well connected to the Royal family and hence facilitate deals for the investment firm.

Naikuni was selected to the defunct RVR board to facilitate money laundering through SPVs. I mentioned it in this forum. Airtel board - gave them a contract while he was in KQ for some mobile services - @maka shed more light on what service Airtel was to offer KQ - you mentioned a while in here.


KQ used to contract Saf for staff hones... TN went to Airtel... New phones (Huawei) plus Airtel lines came... Worked for like 1 year now back to Saf am sure because of MJs influence ... Notice the numbers are 0741******

That's how business is done in Kenya...

BTw MJ is an interesting Chairman he almost always flies BA....



Hehe. You amuse.. Do you track all his flight movements? How many flights has he had in the past 3 years and how many were on BA in comparison to KQ.. You may have a point but you need to ground it with substance, not innuendo


Yes I get to know every time he travels....


GDS/ Amadeus can show the itinerary. @maka, when are the polish consultants and the KLM Directors leaving? Mikosz must have resigned partly because of the Polish consultants being required to leave?



Only one is remaining.... Probably this week.... Jan this month (June)...

Hivyo hivyo... The posts they had will be scrapped or merged....
possunt quia posse videntur
Spikes
#12744 Posted : Sunday, June 02, 2019 12:16:16 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
KQ auditors query Sh54m payout to board members
https://www.businessdail...9404-1bkwcfz/index.html

Everybody but the shareholders make money off KQ

Everybody f***s KQ apart from the legal partner (shareholder)
Someone needs to change the sheets! Laughing out loudly

@Obiero should change the sheets. He's the butler (housemaid ) receiving freebies from previous KQ regime.
Laughing out loudly Laughing out loudly Laughing out loudly
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
nairobby
#12745 Posted : Monday, June 03, 2019 9:49:57 AM
Rank: Member


Joined: 1/18/2019
Posts: 185
Location: kenya
https://www.businessdail...1550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?
Impunity
#12746 Posted : Monday, June 03, 2019 12:35:16 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

maka
#12747 Posted : Monday, June 03, 2019 2:45:41 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...
possunt quia posse videntur
obiero
#12748 Posted : Monday, June 03, 2019 4:35:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,559
Location: nairobi
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
ArrestedDev
#12749 Posted : Monday, June 03, 2019 6:13:53 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum



I thought the last to be returned from Oman Air this month will head to Rome & Geneva?

I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes.

Hope the new CEO will continue the network expansion.
glen_kloss4ever
#12750 Posted : Monday, June 03, 2019 6:39:22 PM
Rank: Hello


Joined: 6/3/2019
Posts: 1
Kenya Airways is not that bad as Aric Air. Do not try it, please, save your life energy!!!
VituVingiSana
#12751 Posted : Monday, June 03, 2019 7:54:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum

Hi @maka, for a % of the action, would you collect an old debt I am owed? I have NPL'd and impaired it under IFRS9 ("Deadbeats") but not written if off.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#12752 Posted : Monday, June 03, 2019 8:08:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,559
Location: nairobi
VituVingiSana wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum

Hi @maka, for a % of the action, would you collect an old debt I am owed? I have NPL'd and impaired it under IFRS9 ("Deadbeats") but not written if off.

Better write it off sir 🙂

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#12753 Posted : Monday, June 03, 2019 8:10:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,559
Location: nairobi
ArrestedDev wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum



I thought the last to be returned from Oman Air this month will head to Rome & Geneva?

I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes.

Hope the new CEO will continue the network expansion.

Willem Hondius would be a perfect fit.. But KAWU is thirsty for Kenyan blood this time again

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#12754 Posted : Monday, June 03, 2019 8:12:10 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
ArrestedDev wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum


I thought the last to be returned from Oman Air this month will head to Rome & Geneva?

I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes.

Hope the new CEO will continue the network expansion.
A well-run airline should have its (as full as possible) planes in the air as much as possible.
How long are the planes that fly NBO-LHR/AMS/CDG in the air over a 24-hour period?
How long does a KQ plane remain on the ground at LHR and AMS and CDG before it is on its way back to NBO?

How long does a KQ plane remain on the ground in NBO before it is on its way back to LHR/AMS/CDG?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#12755 Posted : Monday, June 03, 2019 8:13:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum

Hi @maka, for a % of the action, would you collect an old debt I am owed? I have NPL'd and impaired it under IFRS9 ("Deadbeats") but not written if off.

Better write it off sir 🙂
Hapana! Niko na "hope" Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Zichi
#12756 Posted : Monday, June 03, 2019 11:44:34 PM
Rank: New-farer


Joined: 5/24/2017
Posts: 44
VituVingiSana wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum


I thought the last to be returned from Oman Air this month will head to Rome & Geneva?

I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes.

Hope the new CEO will continue the network expansion.
A well-run airline should have its (as full as possible) planes in the air as much as possible.
How long are the planes that fly NBO-LHR/AMS/CDG in the air over a 24-hour period?
How long does a KQ plane remain on the ground at LHR and AMS and CDG before it is on its way back to NBO?

How long does a KQ plane remain on the ground in NBO before it is on its way back to LHR/AMS/CDG?


Average is almost 4hrs on ground in Nairobi and almost 3 hrs in Europe-and this is from actual landing and actual takeoff times. If you subtract taxi times it would be less. Average daily utilization rate on good months is around 15hrs
(Disclaimer: This is from an analysis of publicly available data-not internal sources)
VituVingiSana
#12757 Posted : Tuesday, June 04, 2019 12:52:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
Zichi wrote:
VituVingiSana wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum


I thought the last to be returned from Oman Air this month will head to Rome & Geneva?

I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes.

Hope the new CEO will continue the network expansion.
A well-run airline should have its (as full as possible) planes in the air as much as possible.
How long are the planes that fly NBO-LHR/AMS/CDG in the air over a 24-hour period?
How long does a KQ plane remain on the ground at LHR and AMS and CDG before it is on its way back to NBO?

How long does a KQ plane remain on the ground in NBO before it is on its way back to LHR/AMS/CDG?


Average is almost 4hrs on ground in Nairobi and almost 3 hrs in Europe-and this is from actual landing and actual takeoff times. If you subtract taxi times it would be less. Average daily utilization rate on good months is around 15hrs
(Disclaimer: This is from an analysis of publicly available data-not internal sources)
That's good given it's about 7-8 hours each away so the plane is used 24/7 (/embarking/disembarking/loading/unloading/cleaning during the breaks on the ground)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muandiwambeu
#12758 Posted : Tuesday, June 04, 2019 3:47:35 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
delllatitude wrote:
obiero wrote:
delllatitude wrote:
obiero wrote:
delllatitude wrote:
VituVingiSana wrote:
KQ auditors query Sh54m payout to board members
https://www.businessdail...9404-1bkwcfz/index.html

Everybody but the shareholders make money off KQ


The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,”


This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss??

Bad debts recovered


But they say the amount is under receivables. A balance sheet account.So there is no recovery of bad debt. It's simply getting money from the directors, debiting bank and crediting the receivables. The profit or loss is not touched.

The unnamed director is Sebastian Mikosz. These were incurred expenses under director remuneration thus must hit the P&L



If they were incurred expenses then the entry is

Dr. P&L
Cr. Bank/Payables

But note 36 (d) page 119 mentions that in other receivables there is Kshs 54 million due from the directors. This statement means that what happened is

Dr. Receivables from directors
Cr. Bank/Payables

Simply put. KQ either paid for goods or services on behalf of the directors. Or they gave the director an advance.

When the money is recovered, it will be a reversal of transaction 2 above. So it is wrong to state that it will affect Profit or Loss

All this is falling under post p&l balance sheet adjustments
Therefore, adjustments categorised as receivables on directors renumerations to me implies an overpayment to directors that is due for recovery.
To correct the error is through p&l that took a hit since the payments were definitely accounted for as an expense to the company eating on it's profitability thus a cr on p&l
To reflect on potential increase in asset base for kq, Dr receivables from directors renumeration acct. That's completes double entry assap.
To rectify balance sheet
Net current assets in form of debtors will be increased by the figure in question. Thus accounting for the assets of kq
Normally debts may fail to be recovered and thus a provision is made most of the times for that. To effect this, cr di receivables with the figure and dr np account with the figure in quiz and then close the np account by cr-ring it followed by a Dr to the p&l account
In future when the receivables are received fully, cr receivables account and dr bank account with the sums received. To close receivables account since it will be in excess with the npeed sums, Dr receivables on di renumeration and then cr gross provisional sum on receivables.
By close of the year of receivables, the net provisions will decrease by that sum and that will by a cr on p&l.
Basic accounting for you.
In terms of cash flow statement,
****The effect will be on cash flow on operations and essentially a p&l item. So a plus at the year of adjustments. At the year of payments, no net increase in assets since an asset debt called receivables on di renumeration will be cancelled by dr bank.* Subject to arguments depending on accounting principle taken, prudence or etc.
This only happens in kq, very eager to pay every Tom, Dick and Harry but not shareholder @Obiero.
Pathetic, pathologically carcinowealth situation for shareholder's, demands more than meets the eyes, least to say.
How did that one make it to a management report to the auditors by the management. Someone be caned properly .
,Behold, a sower went forth to sow;....
muandiwambeu
#12759 Posted : Tuesday, June 04, 2019 4:32:14 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
delllatitude wrote:
obiero wrote:
delllatitude wrote:
VituVingiSana wrote:
KQ auditors query Sh54m payout to board members
https://www.businessdail...9404-1bkwcfz/index.html

Everybody but the shareholders make money off KQ


The article states.....“At the time of publishing this (annual) report, the ongoing audit classified the subject line under the directors’ receivables. These amounts will be reclassified back to the profit and loss (account) in the next statements once the audit is complete,”


This is just wrong accounting and it makes me doubt the KQ numbers. How do you reclassify debtors back to profit and loss??

Bad debts recovered


But they say the amount is under receivables. A balance sheet account.So there is no recovery of bad debt. It's simply getting money from the directors, debiting bank and crediting the receivables. The profit or loss is not touched.

It takes a courage tto torch a sepent my friends. You all makes a bad situation grimmer.
There are only to kind of reports if you through the auditors into the mix.
Audited and non audited fy reports. With audits comes disclosures such as reclassifications which leads to adjustments that results into restated statements and if made at the time of audit results in audited fy reports.
Auditors audits processes, procedures and records used in the preparation of fy reports to form an opinion if the reports made from the records reflect a fair state of affairs of the company.
With your kind of thinking I conquer shafting is ripe in uhuroto republic.
From a shareholder/investor accounting perspective my account is as below.
1. By the statement the highlighted above, I take it someone is selling me cheap opium and sedating me for further shafting. The publisher either lacks prudence in his or her reporting or smacks of underdealings of kqueer to give half baked information that soothes the recipients of the publications that things are in control while not disclosing what went wrong in the first place. This purely is a case of sweeping skeletons under the carpet in broad daylight, or dipstaking/ impaling the patience of the public. This doesn't inspire confindence to the already wounded kqueer fratenity and it's shafted partners the likes of @obiero and et Al.
2. My takes are
1. A highly compromised snr management to allow such to happen afore
2. A complacent directorship by being on the lie low mood as the receiver's, intimadaters to the snr mgt to cough the dough. This crystalizes turbulent relationship such that snr mgt passed on a fraudulent demands of directorships' by putting out there in the report for all and sundry to see, (simply the snr mgt is short of avenues to ventilate and resulted to poisioned arrow approach) technically setting up the directorship on basis of their ignorance and dimwittedness. Men of J cares least about opinions of 3rd grade dropout bloggers and thus this had to be put in limelight by mainstream media to put no doubts on cheap bloggers gutterpress reporters that flying matters have place in their niche.
3. Highly sabotaged internal control and checks. High level of bureaucracy and redtape
3. Costly loss of working capital occasioning taking of expensive current liabilities eating on bottom lines of kqueer.
4. Questionable work by the janitors(noditors), why allow publication of such without a mgt letter to explain the shit as it hit the fan.


Simply, run broda. Just run. Otherwise, wacha tuachie hii serikal.
,Behold, a sower went forth to sow;....
obiero
#12760 Posted : Tuesday, June 04, 2019 6:33:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,559
Location: nairobi
VituVingiSana wrote:
Zichi wrote:
VituVingiSana wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
Impunity wrote:
nairobby wrote:
https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html

“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.

Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment?



Asshole experts with zero knowledge of what they are talking about.
Nincompoops.


That's why they go unnamed...

Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum


I thought the last to be returned from Oman Air this month will head to Rome & Geneva?

I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes.

Hope the new CEO will continue the network expansion.
A well-run airline should have its (as full as possible) planes in the air as much as possible.
How long are the planes that fly NBO-LHR/AMS/CDG in the air over a 24-hour period?
How long does a KQ plane remain on the ground at LHR and AMS and CDG before it is on its way back to NBO?

How long does a KQ plane remain on the ground in NBO before it is on its way back to LHR/AMS/CDG?


Average is almost 4hrs on ground in Nairobi and almost 3 hrs in Europe-and this is from actual landing and actual takeoff times. If you subtract taxi times it would be less. Average daily utilization rate on good months is around 15hrs
(Disclaimer: This is from an analysis of publicly available data-not internal sources)
That's good given it's about 7-8 hours each away so the plane is used 24/7 (/embarking/disembarking/loading/unloading/cleaning during the breaks on the ground)

With the Bombardier being used regionally, I have witnessed a turnaround on ground time of about 1hour only

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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