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Kenya Airways...why ignore..
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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HaMaina wrote:HaMaina wrote:https://www.trendsmap.com/twitter/tweet/1350080637970079745 Can it be possible that KQ operates 28 planes, 25 owned by individuals, KQ owns 3 ??😒☹️😬 Y Not it's possible through leasing Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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They fully own only 3 planes. The rest are leased or they are servicing loans for them. https://www.businessdail...y%20paid%20for%20three.
Quote:Kenya Airways owns 20 aircraft, Transport Secretary James Macharia reaffirmed on Monday, dismissing claims made by a Member of Parliament that the national carrier owns only three planes.
The airline is, however, still paying loans it took from foreign banks to buy 17 of the 20 aeroplanes, having fully paid for three.
He said another 20 planes have been leased from other aviation firms, bringing KQ’s fleet to 40.
“Of the 40 aeroplanes in its fleet, Kenya Airways has leased three Boeing 777-300ER aeroplanes to Turkish Airlines, and one Boeing 787-8 Dreamliner to Oman Air,” Mr Macharia said in a statement.
Seven of the planes whose loans are yet to be paid —six Boeing 787-8 and a Boeing 777-300 — were financed by City Bank, Jp Morgan Chase and African Export-Import (Afrexim) Bank under a credit facility dubbed Tsavo Ltd Structure.
The remainder 10 Embraer 190 were funded by London-headquartered Standard Chartered Bank and Afrexim Bank under a different facility, Samburu Ltd Loan structure, Mr Macharia said without disclosing the outstanding balance and terms. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:HaMaina wrote:HaMaina wrote:https://www.trendsmap.com/twitter/tweet/1350080637970079745 Can it be possible that KQ operates 28 planes, 25 owned by individuals, KQ owns 3 ??😒☹️😬 Y Not it's possible through leasing Indeed, in the aviation industry, only leasing makes economic sense. The leases last through the economic life of the asset. This means that by the time KQ fully pays for an aircraft so as to "own it" the plane is already junk, only fit for sale to risky airlines or to adorn beer gardens in @Mugundamans's DC. Life is short. Live passionately.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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What is a Lease or Leasing? A famous quote by Donald B. Grant says, “Why own a cow when the milk is so cheap? All you really need is milk and not the cow.” The concept of Lease is influenced by this quote. We can compare ‘milk’ with the ‘rights to use an asset’ and ‘cow’ with the ‘asset’ itself. Ultimately, a person who wants to manufacture a product using machinery can get to use that machinery under a leasing arrangement without owning it. A lease can be defined as an arrangement between the lessor (owner of the asset) and the lessee (user of the asset) whereby the lessor purchases an asset for the lessee and allows him to use it in exchange for periodical payments called lease rentals or minimum lease payments (MLP). Leasing is beneficial to both the parties for availing tax benefits or doing tax planning. At the conclusion of the lease period, the asset goes back to the lessor (the owner) in an absence of any other provision in the contract regarding compulsory buying of the asset by the lessee (the user). There are four different things possible post-termination of the lease agreement. The lease is renewed by the lessee perpetually or for a definite period of time. The asset goes back to the lessor. The asset comes back to the lessor and he sells it off to a third party. Lessor sells to the lessee. “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: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:Ericsson wrote:HaMaina wrote:HaMaina wrote:https://www.trendsmap.com/twitter/tweet/1350080637970079745 Can it be possible that KQ operates 28 planes, 25 owned by individuals, KQ owns 3 ??😒☹️😬 Y Not it's possible through leasing Indeed, in the aviation industry, only leasing makes economic sense. The leases last through the economic life of the asset. This means that by the time KQ fully pays for an aircraft so as to "own it" the plane is already junk, only fit for sale to risky airlines or to adorn beer gardens in @Mugundamans's DC. Is it possible for them to buy second hand planes similar to the way Kenyans import second hand vehicles from Japan? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/15/2008 Posts: 202
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Second Hand planes are very expensive to maintain. Worse still you may not be able to fly them into certain Airports. So maybe for domestic use (Inter county travel, Training engineers and new pilots etc) Do it today! Tomorrow is promise to no-one.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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mufasa wrote:Second Hand planes are very expensive to maintain. Worse still you may not be able to fly them into certain Airports.
So maybe for domestic use (Inter county travel, Training engineers and new pilots etc) Even a 5 year old plane that was disposed by an airline in distress? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Some planes operating from wilson airport are 30yr old. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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HaMaina wrote:sqft wrote:Can someone confirm? Quote:BREAKING: KthQ Amsterdam crew are stuck, their plane has been repossessed by the owners due to unpaid dues. Crew will be flying back on KLM today. Dreamliners also targeted. Had seen this earlier, thought it was just gutter press, now I'm not sure. Mjipe shughuli
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:HaMaina wrote:sqft wrote:Can someone confirm? Quote:BREAKING: KthQ Amsterdam crew are stuck, their plane has been repossessed by the owners due to unpaid dues. Crew will be flying back on KLM today. Dreamliners also targeted. Had seen this earlier, thought it was just gutter press, now I'm not sure. Mjipe shughuli Well Nyakundi was spot on... Let me add... Currently 3 planes are out of service because of dues owed... 1 Dreamliner 2 737 - 800 From March to Date according to Allan KQ has added USD 400m in debt... Tafakari hayo. When you reach a point your planes are being nabbed because of lack of payment something is terribly wrong. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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maka wrote:obiero wrote:HaMaina wrote:sqft wrote:Can someone confirm? Quote:BREAKING: KthQ Amsterdam crew are stuck, their plane has been repossessed by the owners due to unpaid dues. Crew will be flying back on KLM today. Dreamliners also targeted. Had seen this earlier, thought it was just gutter press, now I'm not sure. Mjipe shughuli Well Nyakundi was spot on... Let me add... Currently 3 planes are out of service because of dues owed... 1 Dreamliner 2 737 - 800 From March to Date according to Allan KQ has added USD 400m in debt... Tafakari hayo. When you reach a point your planes are being nabbed because of lack of payment something is terribly wrong. The PPP would have sorted all this mess out, but we the Kenyan people thought with our hearts instead of the mind
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:maka wrote:obiero wrote:HaMaina wrote:sqft wrote:Can someone confirm? Quote:BREAKING: KthQ Amsterdam crew are stuck, their plane has been repossessed by the owners due to unpaid dues. Crew will be flying back on KLM today. Dreamliners also targeted. Had seen this earlier, thought it was just gutter press, now I'm not sure. Mjipe shughuli Well Nyakundi was spot on... Let me add... Currently 3 planes are out of service because of dues owed... 1 Dreamliner 2 737 - 800 From March to Date according to Allan KQ has added USD 400m in debt... Tafakari hayo. When you reach a point your planes are being nabbed because of lack of payment something is terribly wrong. The PPP would have sorted all this mess out, but we the Kenyan people thought with our hearts instead of the mind It was good PPP was rejected. It would have hindered KAA from undertaking projects that improve Kenya's airports 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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Ericsson wrote:obiero wrote:maka wrote:obiero wrote:HaMaina wrote:sqft wrote:Can someone confirm? Quote:BREAKING: KthQ Amsterdam crew are stuck, their plane has been repossessed by the owners due to unpaid dues. Crew will be flying back on KLM today. Dreamliners also targeted. Had seen this earlier, thought it was just gutter press, now I'm not sure. Mjipe shughuli Well Nyakundi was spot on... Let me add... Currently 3 planes are out of service because of dues owed... 1 Dreamliner 2 737 - 800 From March to Date according to Allan KQ has added USD 400m in debt... Tafakari hayo. When you reach a point your planes are being nabbed because of lack of payment something is terribly wrong. The PPP would have sorted all this mess out, but we the Kenyan people thought with our hearts instead of the mind It was good PPP was rejected. It would have hindered KAA from undertaking projects that improve Kenya's airports Ummmh PPP = Nationalization? That is still on course... After we finish with BBI I guess. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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maka wrote:Ericsson wrote:obiero wrote:maka wrote:obiero wrote:HaMaina wrote:sqft wrote:Can someone confirm? Quote:BREAKING: KthQ Amsterdam crew are stuck, their plane has been repossessed by the owners due to unpaid dues. Crew will be flying back on KLM today. Dreamliners also targeted. Had seen this earlier, thought it was just gutter press, now I'm not sure. Mjipe shughuli Well Nyakundi was spot on... Let me add... Currently 3 planes are out of service because of dues owed... 1 Dreamliner 2 737 - 800 From March to Date according to Allan KQ has added USD 400m in debt... Tafakari hayo. When you reach a point your planes are being nabbed because of lack of payment something is terribly wrong. The PPP would have sorted all this mess out, but we the Kenyan people thought with our hearts instead of the mind It was good PPP was rejected. It would have hindered KAA from undertaking projects that improve Kenya's airports Ummmh PPP = Nationalization? That is still on course... After we finish with BBI I guess. It's similar but not the same.. Anyways, let us await the cash
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: 1/10/2015 Posts: 961 Location: Kenya
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Times are tough in the airline industry.  Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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sqft wrote:Times are tough in the airline industry. Terrible https://www.businessdail...ment-instalments-3277524
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: 7/1/2014 Posts: 903 Location: sky
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https://www.businessdailyafrica.com/bd/economy/mps-to-prioritise-kq-nationalisation-parliament-resumes-3282966Parliament will prioritise the passage of a Bill that seeks to nationalise loss making national carrier, Kenya Airways (KQ) when lawmakers reconvene from recess tomorrow. The National Aviation Management Bill 2020 is among the top State-backed items on the legislative calendar released by the National Assembly Clerk Michael Sialai. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Kes.10B bailout.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Impunity wrote:Kes.10B bailout. 10B for an organisation like KQ is not a bailout, it's a handout. “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: 4/22/2010 Posts: 11,522 Location: Nairobi
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HaMaina wrote:Impunity wrote:Kes.10B bailout. 10B for an organisation like KQ is not a bailout, it's a handout. That is already finished kitambo sana.... Even before it was dished out. possunt quia posse videntur
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