Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
maka wrote:ArrestedDev wrote:maka wrote:Ericsson wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:muandiwambeu wrote:Spikes wrote:obiero wrote:muandiwambeu wrote:Spikes wrote:Extraterrestrial wrote:Spikes wrote:obiero wrote:Spikes wrote:sparkly wrote:Ericsson wrote:obiero wrote:sqft wrote:Jambojet suspends all flights. There was no option They ferry cargo Not practical: 1. Plane would have to be refitted for cargo. This means remove seats, overhead carriers, windows. Add rails for pallet containers. 2. Most jambojet planes are custom made for passengers and are not fit for cargo. Cargo versions need higher wings, more engine power and more fuel capacity. 3. There is no business. Cargo business is horticultural produce to Europe and consumer products from Europe and Asia. These markets have groumd to an halt. #2 point is not necessary in the middle of the crisis . Higher wings,more engine power and more fuel capacity do not matter. What is relevant is weight capacity of the carrier. A passenger plane can carry cargo as long as is within its weight limit. On this one the clown was thinking somewhat right. Today, KQ 2764 took off from Nairobi to Johannesburg packed with medical goods and essential items aboard one of our Dreamliners  I'd be SOMEWHAT genius if I invested all my FORTUNE in KQ a couple of years ago. KQ is just a small part of his wealth. He has previously written that he doesn't invest more than 3% of his portfolio in shares. Why distort facts then? Too much talk, little to show. The way this novice approaches stocks is wanting. I can't take his claims of wealth seriously! At spikes, stop being nutty @choirmasters nutty things. Maybe 3$ is only nuts of the other important nutty things and could enjoy the nutty 3% nutty nuts while inside a nutty roasting plane, thus make sure u don't also get into nutty things too, by letting ur nuts get horny with nutty things😉 Hehehe. I had missed you.. Meanwhile let the clown continue peeping at my goods while at the urinal, just incase it may make his grow! KQ stock today missed sub 1 bob narrowly at all time low of kes 1.05 expecting the circus to munch novices balls of wax like locusts clearing the tropical greenery for more catastrophes. In a couple of days you will begin calculating your KQ net worth using a decimal fraction (< 1 bob per share) . Ndio utajua Kenya ina wenyewe na wewe ni spectator tu while others are eating! Hi ni mbei ya njioni, ama hasubuhi kwa wale wanajua maanayake. Hata bure yawezekana Bora uai🤣 I have just picked one honest thing from M.J. it's thick and dear inside this belly up kqueer.  Bebhabebha, mbei ni ya jioni /hasubuhi. Tunatafuta ya mafuta/ hagukoma kai ndere nja ja rori  Watu wa kqueer wajipe self quarantine for the next ten years, the true Phoenix will then rebirth after defeating the unsumountable miraculously, maybe. The share is worth nothing (nil/zero). Govt got no funds to proceed with nationalisation at this point. 99 billion to be shaved off from the budget?Listened to Allan Kilavuka speaking at an Fm station yesterday, he does not inspire confidence at all. Revenue for this year will be down by almost 50% in comparison to last year. No concrete steps post-covid-19. He is talking about cutting back capacity, blalalah not throwing good money after bad. I can see the management not being able to take advantage of SAA shut down and venture to the points they generated top revenue from especially in Europe/ increase frequencies to JNB, CPT and more points in SA. You will see how Ethiopian will respond to SAA shutdown as well as the Qulf carriers. Look at how they have not seized the Cargo opportunities. Nothing being done at all to expand cargo capacity e.g. old 767 conversion to freighter. Ethiopian started with an old MD-11, B757. Boss ...Allan is a million times better than that wanker Sebastian.He is actually leading from the front... 25 charters so far... At least mshahara has been slightly improved to 35% for H5 and above.... Below that to get 60%. @maka, Allan does not have the necessary aviation experience. The sudden change in the salaries shows he made a mistake at the first place as I previously stated here when you broke the news. He cannot see the big picture required to run an Airline. There is massive work out there especially with charters and cargo. If you cut salaries of managers who should be helping him grab the business opportunities then the competitors will seize them very quickly. Aviation sector is very competitive. At this period even the salaries for engineers and mechanics should not be slashed since they are busy i.e. opportunities to generate revenue by servicing planes from other carriers exist. Let's watch how the situation will unfold. Meanwhile, Emirates is coming in with a twice weekly B777F since there is massive business out of JKIA. The managers employed by Emirates, Ethiopian can see the opportunities available while KQ Managers are sitting at home with salaries shaved. They don't care at all! Salary should be the last item to be touched. You start with suppliers, creditors for a deferral or reduced payment. My friends....It was either that or they lay off people....Look at how ET approached it....Look at SAA now they are terminating all employees contracts...It's always easy talking from outside in... To the best of my knowledge ALL suppliers were handed letters to request for waivers and even at some point a 100% write off... I doubt any up to now has agreed to such.... Rem I also said that KQ is probably charged some of the lowest GH fees in most of their routes because of cost cutting measures... Qatar has also done a 50% cut... People not required should have gone home and can come back gradually as business recovers and that way you avoid demoralising people who should be generating business. Poor strategy was taken by Allan. It is very clear to me. Slashing salaries of top people driving the organisation is telling the market you are shutting down totally and what follows is the share price hitting zero. Qatar approach is the best. Retain people required to get the job done and use the opportunity to get rid of unnecessary headcount. Mind you, Qatar CEO has extensive aviation experience spanning almost 25 years. He used to run Gulf Air in 1990s. We will work with this for now... You wanted to send people home with 0 pay? https://af.reuters.com/a...ews/idAFKBN2200KE-OZABS
How does that Equipment operator staying at Tel Aviv pay his rent?🤷🏾♂️🤷🏾♂️🤷🏾♂️ Bailout funds from the govt should cater for the final dues to staff. Allan is just prolonging a problem. Even with resumptions of flights post-covid-19, not all employees will come back at once since it will take time for air travel to pick up again. Is he going to continue paying them yet they wont be working? Where will the funds come from to pay them? Poor decision making at its best!Just watch this space. This will come up in the next few months.
|