Wazua
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Kenya Airways...why ignore.. end 2025
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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sparkly wrote:It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Member Joined: 3/16/2019 Posts: 313
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obiero wrote:sparkly wrote:It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Very possible indeed. Air Zimbabwe planes have been impounded by creditors and only released after debt clearance.LINKQuote:The only operational aircraft of Zimbabwean national carrier, Air Zimbabwe, was impounded by authorities in South Africa over debts.
The TimesLIVE news portal reported that the Airports Company of South Africa (Acsa) had impounded the Boeing 767-200 because Air Zimbabwe owed Acsa payments for “landing, parking and passenger services for flights into Johannesburg.”
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Rank: Veteran Joined: 4/23/2014 Posts: 934
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winmak wrote:Angelica _ann wrote:VituVingiSana wrote:obiero wrote:HaMaina wrote:obiero wrote:littledove wrote:KaunganaDoDo wrote:Ericsson wrote:[quote=nairobby]Suspended indefinitely? https://mobile.twitter.c...966975641853952/photo/1[/quote] This is a LOCKDOWN...NO GETTING IN OR OUT OF THE CITY...those with pesa ya Mboga in the share hopping to dispose off today will go hungry. I think the CMA and NSE chaps must have seen the Buyout price...which must be lower than the price This excitement would have created if the share was trad-able in the medium term. somebody was able to exit a big chunk yesterday, information leak  Big buyer Suspended for 3 calendar months. Even 6 months, we can wait To quote someone: "Hung Share"  Speculation cut short here, many must have been caught in here @HaMaina I hope this time you exited in good time 😱😱 This one I was not caught off guard. Cheers. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 3/2/2009 Posts: 26,335 Location: Masada
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Adios KQ Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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kmucheke wrote:obiero wrote:sparkly wrote:It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Very possible indeed. Air Zimbabwe planes have been impounded by creditors and only released after debt clearance.LINKQuote:The only operational aircraft of Zimbabwean national carrier, Air Zimbabwe, was impounded by authorities in South Africa over debts.
The TimesLIVE news portal reported that the Airports Company of South Africa (Acsa) had impounded the Boeing 767-200 because Air Zimbabwe owed Acsa payments for “landing, parking and passenger services for flights into Johannesburg.” Apples and oranges COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,437 Location: Nairobi
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obiero wrote:sparkly wrote:It was bound to happen. KQ has over Kshs 200B liabilities and not even making money from operations. The state takeover is necessary to add collateral cash inflows for the creditors. If that fails to yield cash for the creditors, expect planes to be seized while flying abroad. In diplomacy, for a national carrier flying our flag, what you are saying is logical but not possible.. Tanzanian plane impounded in Canada https://www.nation.co.ke...ounded-in-canada-225706
South Africa seizes Air Tanzania plane in Johannesburg https://www.bbc.com/news/world-africa-49460873
Air Zimbabwe's only plane impounded by South Africa over debts https://www.africanews.c...uth-africa-over-debts//
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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We are talking about Kenya COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,437 Location: Nairobi
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Lakini, I have to say, if there is one person who has been LOYAL, it is @Obiero to KQ, from pushing Ngunze's agenda to the current management/board. Even I did not defend KK like this. Ngunze ate his millions and left. As will the others with zero skin in the game. It hurts me that my taxes will bailout out a dead horse BUT I am happy for @Obiero. May he choose better next time. We learn from our mistakes. I have had many lessons from ARM to KQ. Good luck @Obiero. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Just like some busy bodies still post in the Kenol Kobil thread, even after KQ cash hits shareholders' accounts, people will still be posting in this King of Threads.
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