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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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All set for the AGM. Landed yesterday in the big city, after KQ failed to issue proxy forms for my alternate representative
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: 18,129 Location: Nairobi
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obiero wrote:All set for the AGM. Landed yesterday in the big city, after KQ failed to issue proxy forms for my alternate representative Leo? Livestreaming? What time? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:Kq wins Africa's leading airline - Economy class at World Travel awards held in Mauritius This is a constant award for The Pride of Africa. What shocked me was that KQ is most admired airline in Africa, ahead of ET et al  Dedication of employees The ones @Obiero abuses everyday....  possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:obiero wrote:All set for the AGM. Landed yesterday in the big city, after KQ failed to issue proxy forms for my alternate representative Leo? Livestreaming? What time? They refused to say if they will love stream the function... Very bogus corporate communication team. possunt quia posse videntur
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. I know TK has more 777's but none of them have the dense economy class config like the one's they've leased from KQ. Those 3 are only used for India, London and Dubai. Not many airlines can operate 777-300ER's. There is a reason why 787 and A350 are so popular now. Simply expanding the network doesn't mean a 777 get's automatically filled. Which route would fill up a 77W consistently to/fro Nairobi. Given KQ's problems this isn't a gamble they would even touch.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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nairobby wrote:ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. I know TK has more 777's but none of them have the dense economy class config like the one's they've leased from KQ. Those 3 are only used for India, London and Dubai. Not many airlines can operate 777-300ER's. There is a reason why 787 and A350 are so popular now. Simply expanding the network doesn't mean a 777 get's automatically filled. Which route would fill up a 77W consistently to/fro Nairobi. Given KQ's problems this isn't a gamble they would even touch. If priced well, what about LHR? Then there is AMS which is a hub for Kenyans (& others) headed to the USA/Canada and Europe. What about China? Cargo (from China) and pax who use ET, EK and QR. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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VituVingiSana wrote:nairobby wrote:ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. I know TK has more 777's but none of them have the dense economy class config like the one's they've leased from KQ. Those 3 are only used for India, London and Dubai. Not many airlines can operate 777-300ER's. There is a reason why 787 and A350 are so popular now. Simply expanding the network doesn't mean a 777 get's automatically filled. Which route would fill up a 77W consistently to/fro Nairobi. Given KQ's problems this isn't a gamble they would even touch. If priced well, what about LHR? Then there is AMS which is a hub for Kenyans (& others) headed to the USA/Canada and Europe. What about China? Cargo (from China) and pax who use ET, EK and QR. AMS/LHR could perhaps use some more capacity than the 788 offers. I think 330 seats could be filled even at current fares (Which is what KQ's 777-200 used to do) 400 seats is just too big for KQ ops. Would be better if they had 789/78X/A350 to replace the 777-300. As for China, KQ can't even compete with ET. They only have 1 route to Guangzhou which goes through BKK. ET flies to maybe 5/6 Chinese cities. It's insane how far behind KQ is wow. You want a fuel efficient fleet at this point in time. I believe it's why KQ will go for the Max as soon as it's cleared to fly again. This is one of the reasons Buffett started investing in Airline stocks again.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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@nairobby - For KQ, the 777s are a sunk cost. They are screwed either way. The 777s can carry additional cargo to LHR/AMS. Veggies and flowers. Can the 777 be converted into a Combi? I have flown in a KLM 747-Combi. Go with 300 pax and increase cargo space. China - Well, why not fly a larger plane (777) but at a fare that's more reasonable. And partner with China Southern (or others) to Beijing and Shanghai via CAN? Whether KQ flies via BKK or not, there is demand for cargo from China-Kenya. Also potential for a Combi 777? CAN-NBO-Lagos/ACC? Fuel prices are not that crazy at $61/bbl vs $120/bbl at the peak. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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nairobby wrote:VituVingiSana wrote:nairobby wrote:ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. I know TK has more 777's but none of them have the dense economy class config like the one's they've leased from KQ. Those 3 are only used for India, London and Dubai. Not many airlines can operate 777-300ER's. There is a reason why 787 and A350 are so popular now. Simply expanding the network doesn't mean a 777 get's automatically filled. Which route would fill up a 77W consistently to/fro Nairobi. Given KQ's problems this isn't a gamble they would even touch. If priced well, what about LHR? Then there is AMS which is a hub for Kenyans (& others) headed to the USA/Canada and Europe. What about China? Cargo (from China) and pax who use ET, EK and QR. AMS/LHR could perhaps use some more capacity than the 788 offers. I think 330 seats could be filled even at current fares (Which is what KQ's 777-200 used to do) 400 seats is just too big for KQ ops. Would be better if they had 789/78X/A350 to replace the 777-300. As for China, KQ can't even compete with ET. They only have 1 route to Guangzhou which goes through BKK. ET flies to maybe 5/6 Chinese cities. It's insane how far behind KQ is wow. You want a fuel efficient fleet at this point in time. I believe it's why KQ will go for the Max as soon as it's cleared to fly again. This is one of the reasons Buffett started investing in Airline stocks again.  possunt quia posse videntur
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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VituVingiSana wrote:@nairobby - For KQ, the 777s are a sunk cost. They are screwed either way.
The 777s can carry additional cargo to LHR/AMS. Veggies and flowers.
Can the 777 be converted into a Combi? I have flown in a KLM 747-Combi. Go with 300 pax and increase cargo space.
China - Well, why not fly a larger plane (777) but at a fare that's more reasonable. And partner with China Southern (or others) to Beijing and Shanghai via CAN?
Whether KQ flies via BKK or not, there is demand for cargo from China-Kenya. Also potential for a Combi 777?
CAN-NBO-Lagos/ACC?
Fuel prices are not that crazy at $61/bbl vs $120/bbl at the peak. That sounds good but the demand isn't there at the moment. If there was that demand we'd be seeing more China frequencies. Maybe that demand can be created, I blame management for this. They already have a partnership with CX anyway. The 77W would only work if KQ dominated JKIA like Bole. Too much competition over here and sadly KQ's product is inferior to the competition. Either way, good plane just not fit for KQ at the moment. Combi's are not in use anymore. KLM has only 1 remaining. Even with low oil prices, you want the more efficient planes.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Shareholders reject nationalization of the airline plus plans to manage JKIA. MJ term extended by another 3 years. 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:Shareholders reject nationalization of the airline plus plans to manage JKIA.
MJ term extended by another 3 years.
John Ngumi elected to the board. possunt quia posse videntur
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Everyone makes money from KQ apart from shareholders 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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I though the guy has an active investigation against him for his KPC shenanigans enyewe Kenya is a special country. Cartels galore. possunt quia posse videntur
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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More updates please on this agm 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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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maka wrote:Shareholders reject nationalization of the airline plus plans to manage JKIA.
MJ term extended by another 3 years.
By show of hands or poll? How did Treasury vote on the two issues? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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sparkly wrote:maka wrote:Shareholders reject nationalization of the airline plus plans to manage JKIA.
MJ term extended by another 3 years.
By show of hands or poll? How did Treasury vote on the two issues? GoK holds 48% and cannot counter both proposals which are decent resolutions
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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