KQ’s troubles require more than publicity - Tony Watima
https://www.businessdail...123876-rqplde/index.html

That is classified information.. I can't share or rather I will not share. Thanks

East African Community members need to rethink their aviation sectors or thier dreams of connecting the world and national pride will remain unachievable.

EAC has a fleet size of 60 planes flying to 89 destinations (Kenya 40-53; Rwandaair 12-23; Tanzania 8-13) Uganda, Burundi, South Sudan do not have national carriers. EAC stats are dwarfed regionally by Ethiopian Airlines which has a fleet of 112 flying 125 passenger and 40 cargo destinations.

Compared to international Middle Eastern "competitors" flying regionally like Emirates (258 planes, 158 destinations) and Turkish (336 planes, 304 destinations) EAC carriers are really puny.

Debt ladden EAC carriers (where they exist) are playing in the village league under delusion that they are competing with international counterparts. Only collaborative effort will lead to meaningful impact in the sector. EAC member countries should dissolve their airlines and form an East African Airline (Call it Safari Airlines). Countries without their own airlines like Uganda and Burundi should invest in the new East African Airline.

A collaborative East African Airline will have monopoly in East & Central Africa, challenge the regional giants based on bigger capital base and economies of scale.

Kenya Airways Chief Executive Sebastian Mikosz was paid a total of Sh62.89 million last year, indicating average earnings of Sh5.2 million per month for the boss of the loss-making national carrier.

Mr Mikosz’s executive pay comprised a salary of Sh42 million, allowances worth Sh16.4 million and non-cash benefits amounting to Sh4.44 million.

The Polish citizen was hired in June 2017 to turn around the struggling airline that last year reported an after-tax loss of Sh7.5 billion, compared with Sh6.4 billion suffered in the previous year.

Listed companies are by law required to reveal the pay of their senior executives as well as directors.

The CEO’s pay stood at Sh46.69 million in 2017 during which he worked for seven months, translating into an average monthly pay of Sh6.67 million.

Somebody questioned me about this.. Well the truth is here... Its actually more btw... Ati 2.4m per month....lol

A tiered offer.. One for the minority shareholders incorporating the Open Offer and the other for the benenefiacries to the restructuring.. Anything else will leave the NSE hurtling towards sub 1,000.. Especially since KQ has been officially added to the 20 share index this week.. 80,000 minority shareholders in KQ isn't a small number of retail investors in relation to total CDS account count