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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,319 Location: nairobi
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Spikes wrote:obiero wrote:I agree with all of negative sentiments. However why is the KQ share rising Novice speculators in play but as bitter revelations have begun to surface, normalcy shall be restored by printing a new 52wks low record. Those who bought high yesterday didn't have this info now it has been made public a rapid nosedive is inevitable. OK @spikes.. We await the nosedive COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Word...doubt he will stay for long. possunt quia posse videntur
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:Word...doubt he will stay for long. I doubt if Ngunze will send him away.They are both students of Naikuni in respect to closing negotiations on kickbacks. The marketing procurement officer mentioned in the forensic audit report could not have been single sourcing without the instructions from the marketing director. All POs raised by the marketing department must be approved by the head of the department. The explanation given is very ridiculous. If budget constraints exists then common sense dictates that you get as many options as possible and settle for a deal providing value at a reasonable price rather than single sourcing. It is outright fraud.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Prof. Nyongo sharing what we have been saying here on what is ailing KQ and why the turnaround under Ngunze's leadership is doomed. Quote:The current CEO of Kenya Airways is the very one who has presided over the loss making national carrier at its darkest hour in the aviation industry. He cannot possibly be the one charged with turning the airline around, notwithstanding the frequent appeal to him “to think out of the box”. The box is already took dark. If seeing within the box is itself a problem, thinking outside it may easily be a herculean task. Kenya Airways needs an Idris Jala, somebody with the proven experience of turning around loss making major business enterprises. Quote:I am afraid KQ authorities, including the Board, are spending too much time consulting and assigning decisions to committees which are yielding very little. The problem is simple: get hold of an Idris Jala somewhere across the globe and bring him here to ask the right questions and give useful and productive answers. Trying to get my dear friend Mbuvi “to think outside the box” is asking too much of him. We need someone who can come to clean the box, air it in the tropical sun, get some oxygen to the people therein to make them breathe some fresh business air and allow our newly found Idris Jala to turn around our airline. These ethnic and business hegemonic games you are playing wont get you anywhere. Like the good book says: stand up and walk. http://www.the-star.co.k...d-kenya-airways_c1428380
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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[quote=ArrestedDev]Prof. Nyongo sharing what we have been saying here on what is ailing KQ and why the turnaround under Ngunze's leadership is doomed. Quote:The current CEO of Kenya Airways is the very one who has presided over the loss making national carrier at its darkest hour in the aviation industry. He cannot possibly be the one charged with turning the airline around, notwithstanding the frequent appeal to him “to think out of the box”. The box is already took dark. If seeing within the box is itself a problem, thinking outside it may easily be a herculean task. Kenya Airways needs an Idris Jala, somebody with the proven experience of turning around loss making major business enterprises. Quote:I am afraid KQ authorities, including the Board, are spending too much time consulting and assigning decisions to committees which are yielding very little. The problem is simple: get hold of an Idris Jala somewhere across the globe and bring him here to ask the right questions and give useful and productive answers. Trying to get my dear friend Mbuvi “to think outside the box” is asking too much of him. We need someone who can come to clean the box, air it in the tropical sun, get some oxygen to the people therein to make them breathe some fresh business air and allow our newly found Idris Jala to turn around our airline. These ethnic and business hegemonic games you are playing wont get you anywhere. Like the good book says: stand up and walk. http://www.the-star.co.k...-kenya-airways_c1428380[/quote] We have talked in depth on this same thread about what Malasyian Air did...even us we can be consulted  possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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ArrestedDev wrote:enyands wrote:Ebenyo wrote:enyands wrote:Ebenyo wrote:obiero wrote:maka wrote:Impunity wrote:Ebenyo wrote:[quote=maka][quote=ArrestedDev][quote=Ebenyo][quote=moneydust] KQ enters bus transport businessTalk of losing focus...[/quote Kq shareholders should not interpret this as good news. The shuttles have been bought on loans as the company is on negative equity.That means an increase on finance costs which currently stands at 7 bilion. It also means there will be an increase on long term debts which currently stands at 113 billion. Worse still,there is the operational deficit of 30 bilion which is serviced by expensive overdrafts and short term borrowings. Therefore any gain made here will be wiped out by finance costs. If you talk about seeing a walking corpse somewhere,i will believe you based on kq company. Yeah, you can see the quality of business decisions being made by Ngunze. This kind of service should be reserved for Jambojet only. Ideally, KQ should have their own complementary limo service for business class pax and not this kind of 'matatu' business idea. Even if the buses are leased it will result in further obligations and complexity in managing the proceeds. They should focus on Cargo operations, a larger capacity freighter coupled with cargo charges review will do a great service for the company. ...................... @maka,thanks for accepting postive criticism.My cousin is subjective.He has emotionaly attached himself with a vampire and he wont accept to be told the truth. My comments are based on the FY 2016.If they are poor,it means the results were poor which is true. Even if the buses are leased,it wont bring any significant change to kq books. They sold very many assets in the last FY.What we saw in the results was only ksh 6 bilion.So from the buses,what will reflect in the books? i dont think it will reach even 500 milion.This will not help the current deficit. I have insisted here that what kq needs is urgent cash injection of kshs 30 bilion.That will wipe out the deficit.It will result into a pretax profit of 4 bilion.If this does not happen,shareholders should wait for atleast the next 5 years for the company to make a net profit. You guys are shallow...who told you KQ is going to buy a fleet of buses or matt us for that matter? If you look at the schedule of the shuttle you realise this just gonna be one shuttle,preferably Rosa Minibus. That would not cost more than 7 million shillings including kick backs. @impunity.Read my comments again.They are based on FY 2016 results.I went through it and posted my thoughts on this thread .Obiero is my witness. If my comments are shallow as you say,i agree with you because, at negative 35 bilion in equity,kq is indeed a "shallow"u company. Ebenyo people will analyse you well and otherwise will misanalyse you . Don't give in .you know your facts are right and you don't have to justify your position to unjustifiables.weka ngozi ya mamba papa Hapo sawa Enyands.Nimesikia vile umesema.Nitafanya hivyo. They are confident it will work? @IMpunity please apologise.... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:Like now one dreamliner is stuck at Hanoi 3 days now....231 passengers do the math on HOTAC.Crazy.... 2nd dreamliner stuck at Bangkok...spare part not locally available...  possunt quia posse videntur
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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maka wrote:maka wrote:Like now one dreamliner is stuck at Hanoi 3 days now....231 passengers do the math on HOTAC.Crazy.... 2nd dreamliner stuck at Bangkok...spare part not locally available... this time a round am enjoying this drama ya kqueer. anyway I dumped it at fifties after kuchomeka to recognition. poleni wale walioko ndani, kq inachoma hata ash. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,319 Location: nairobi
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The darkest hour is before dawn COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:[quote=ArrestedDev]Prof. Nyongo sharing what we have been saying here on what is ailing KQ and why the turnaround under Ngunze's leadership is doomed. Quote:The current CEO of Kenya Airways is the very one who has presided over the loss making national carrier at its darkest hour in the aviation industry. He cannot possibly be the one charged with turning the airline around, notwithstanding the frequent appeal to him “to think out of the box”. The box is already took dark. If seeing within the box is itself a problem, thinking outside it may easily be a herculean task. Kenya Airways needs an Idris Jala, somebody with the proven experience of turning around loss making major business enterprises. Quote:I am afraid KQ authorities, including the Board, are spending too much time consulting and assigning decisions to committees which are yielding very little. The problem is simple: get hold of an Idris Jala somewhere across the globe and bring him here to ask the right questions and give useful and productive answers. Trying to get my dear friend Mbuvi “to think outside the box” is asking too much of him. We need someone who can come to clean the box, air it in the tropical sun, get some oxygen to the people therein to make them breathe some fresh business air and allow our newly found Idris Jala to turn around our airline. These ethnic and business hegemonic games you are playing wont get you anywhere. Like the good book says: stand up and walk. http://www.the-star.co.k...-kenya-airways_c1428380[/quote] We have talked in depth on this same thread about what Malasyian Air did...even us we can be consulted But Ngunze is consulting Mckinsey at a cost of KES 2.3 billion in 6 months yet there is no working capital to buy spare parts for maintenance.
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