GoK to give up some space to allow entry of the strategic investment. KQLC are immovable since their shareholding was a debt conversion

Asante sana. Thing is, GoK is unlikely to let KQ go belly up. Successive regimes have already shown their hand. Even KQLC did not happen by chance, banks were twisted. Then PIIP as proposed by MJ, if it had seen the light of day, KQ would be competing with ET head to head. For now, we await the KES 65B capital injection. If it doesn't come by Q1 2026, another lengthy KQ share suspension could occur

True true. Relates closely to the greater fool theory

I am a buyer now. The bad news is in and investors are spooked. However, the bad news is caused by sth temporary (grounding due to delays in overhaul) out of KQ's control. Here are the things that attract me:
1. Dreamliners will eventually come back and revenue will go back to normal.
2. Gatwick addition - London is their most profitable route and this just adds more margin
3. Getting rid of the E190s - Due to low belly capacity, they limit how much luggage passengers can carry, so they hinder optimization when it comes to connecting passengers passing through Kenya using larger aircraft.
4. Boosting capacity - 6 B737 -8 are on track to be leased. KQ needs a fleet of over 50 to start feeling the effects of economies of scale not only on flying passengers but also the maintenance side (with scale they can start more in-house maintenance of engines).
5. Govt sugar daddy - The govt has guaranteed most of the loans and they just paid 19.3bn in loans. KQ can default on some of the loans and let govt pay, then focus on scaling up.
6. Jambo Jet has accumulated tax losses of 3.94bn that can be used
7. Demand is available
8. Probability for a hub in Ghana
9. Despite the loss of 20% capacity, Net cash from operating activities was almost flat. It needs more colour, but cash is king.
10. Fleet rationalization - KQ will focus on B737-8 Max and B737-800NG for the narrow bodies, B777 and B787 for the wide bodies

My play is to scale up my buys as the price slowly collapses to the low 3s or below. The negative equity is MASSIVE, the balance sheet is ugly, the sentiment has been destroyed but there is money to be made. Any positive news from this company leads the share price to surge.

I would love to see more widebody aircraft and maybe even an extra route in the US (ATL, DFW, ORD or LAX). This would be very bullish

I am not an aviation expert but the simple formula that I see is more planes = more money and that is what KQ management is trying to do. I might be wrong or overly optimistic.

Last time I checked management still had zero shareholding in this thing. Kama they don't see anything who am I to be optimistic