Ericsson wrote:https://www.theeastafrican.co.ke/business/KQ-forecasts-Usd-500-million-revenue-loss-by-December/2560-5583682-pcb7sv/index.html
Revenue loss isn’t bottom line loss! Apart from plane maintenance, KQ hasn’t had other BAU massive costs. It’s planes are grounded at home hub so no parking fees, no commercial flights so no fuel costs, halved staff salaries, near-zero HOTAC etc etc Upon consolidation of aviation assets, buyout price shall exceed 2017 restructuring price of KES 8.52.. This is a fact!
“It is a complex process and not just nationalisation. It is also a question of how we deal with minority shareholders. All these still remain to be finalised,” Mr Joseph said.