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Kenya Airways...why ignore..
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: 13,517 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..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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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: 909
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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: 26,328 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: 13,517 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
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 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: 13,517 Location: nairobi
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We are talking about Kenya
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 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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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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VituVingiSana wrote: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. Enjoyed the turbulent journey and I am at peace with the personal decision to average down.. Keep safe @VituVisanga
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:VituVingiSana wrote: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. Enjoyed the turbulent journey and I am at peace with the personal decision to average down.. Keep safe @VituVisanga What next?????? I fear boredomness while kqueer is away  ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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muandiwambeu wrote:obiero wrote:VituVingiSana wrote: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. Enjoyed the turbulent journey and I am at peace with the personal decision to average down.. Keep safe @VituVisanga What next?????? I fear boredomness while kqueer is away Mumias, HAFR, Sameer, NBV among other crap! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/30/2009 Posts: 56
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Before the state buyout, they should return our shares that were wiped out last year by over 70%.
After the buyout, the new owner should:
1. Sack everyone (especially the pilots) then recruit afresh at much lower rates. There's a glut of airline staff in the world now
2. Ban all new recruits from membership to unions
3. Cancel all the deals with the SPVs sitting in between KQ and Boeing. These leaches are draining the airline. I hear that they are not at the Boeing HQ, but here with us.
4. Review fuel contracts
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:muandiwambeu wrote:obiero wrote:VituVingiSana wrote: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. Enjoyed the turbulent journey and I am at peace with the personal decision to average down.. Keep safe @VituVisanga What next?????? I fear boredomness while kqueer is away Mumias, HAFR, Sameer, NBV among other crap! HFCK In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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maka wrote:If no money comes from the Govt and we don't start flying ...The last salary that employees will have got is end of June... No more cash for any type of payment..... Kenya airways plc started a three month round ofjob cuts as lawmakers debate a bill to nationalize the carrier and it's losses mount due to the impact of the Corona virus pandemic. The process is expected to be completed by September 30 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 11/15/2011 Posts: 4,518
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kq cargoDiscuss. "The true measure of a man is how he treats someone who can do him absolutely no good.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Ericsson wrote:maka wrote:If no money comes from the Govt and we don't start flying ...The last salary that employees will have got is end of June... No more cash for any type of payment..... Kenya airways plc started a three month round ofjob cuts as lawmakers debate a bill to nationalize the carrier and it's losses mount due to the impact of the Corona virus pandemic. The process is expected to be completed by September 30 I said herein long ago that job cuts are inevitable and Kilavuka was just prolonging the problem. Total lack of leadership.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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peep wrote:Before the state buyout, they should return our shares that were wiped out last year by over 70%.
After the buyout, the new owner should:
1. Sack everyone (especially the pilots) then recruit afresh at much lower rates. There's a glut of airline staff in the world now
2. Ban all new recruits from membership to unions
3. Cancel all the deals with the SPVs sitting in between KQ and Boeing. These leaches are draining the airline. I hear that they are not at the Boeing HQ, but here with us.
4. Review fuel contracts
Nothing will change. Staff are not to blame. The management is to blame. Even the new CEO is as clueless as one can imagine. He is holding brief for the cartels. They will now have the space to loot very well once it is a fully government entity. KQ is done and dusted. This thread should be closed.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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ArrestedDev wrote:peep wrote:Before the state buyout, they should return our shares that were wiped out last year by over 70%.
After the buyout, the new owner should:
1. Sack everyone (especially the pilots) then recruit afresh at much lower rates. There's a glut of airline staff in the world now
2. Ban all new recruits from membership to unions
3. Cancel all the deals with the SPVs sitting in between KQ and Boeing. These leaches are draining the airline. I hear that they are not at the Boeing HQ, but here with us.
4. Review fuel contracts
Nothing will change. Staff are not to blame. The management is to blame. Even the new CEO is as clueless as one can imagine. He is holding brief for the cartels. They will now have the space to loot very well once it is a fully government entity. KQ is done and dusted. This thread should be closed. Who is best of the morticians to do the rites, but it's too sad for our dear brothers and sisters how will have to live with the loss of their livelihoods for having dearly believed in the mawingu and other stories to an extent of having their ninis badly multilatered at the hads of a less caring government and enabled institutions. Poleni saaaaana. A good managers reputation will in the long run, get dented in an industry with bad reputation. So do not give an excuse that you had the best of drivers at the helm. Warren Buffet wins once again stands the test of tym. So as you continue getting hitched onto your new partners, know who you are trusting your heads with. ,Behold, a sower went forth to sow;....
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