At the exchange bar yesterday, it was discussed that once off asset disposal proceeds are part of the reason for volume spikes on KQ in the past two months. These are as follows:
Embakasi land KES 4.5B
4 * 777-200 KES 6B
1* 767 KES 1B
In addition to KES 4.2B by GoK, KES 5.5B by KLM-IFC, and KES 2.1B by Afriexim Bank; a total of upto 23.3B has been secured. This coupled with tourism revival, Ebola remission, enhanced fuel efficiency of the 787 and robust route optimisation as effected by the new CEO in 2015, shall ensure a H1 profit. Thank me later
COOP, IMH, KEGN, KQ, MTNU