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Kenya Airways...why ignore..
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ArrestedDev
#6091 Posted : Sunday, October 16, 2016 10:03:57 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
maka wrote:
@Obiero this might be the airlines worst week...just check today morning flights...a couple have been cancelled and sign of things to come.Tuesday if allowed to happen will be HELL.


Cancellations are being done now when passengers are at the airport.
Flight ya mombasa ya 0600hrs cxd and combined with ya 0830hrs
4 other international flights are "to be notified"


I did inform him. The operations will come to a stand still if Ngunze insist on remaining. Abuja did not deserve to be axed as it was recently introduced and break-even point could not have been realized in a very short period. Ngunze is running down this Airline with his shallow thinking and should be let go with immediate effect.
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maka
#6092 Posted : Sunday, October 16, 2016 10:25:30 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
ArrestedDev wrote:
maka wrote:
maka wrote:
@Obiero this might be the airlines worst week...just check today morning flights...a couple have been cancelled and sign of things to come.Tuesday if allowed to happen will be HELL.


Cancellations are being done now when passengers are at the airport.
Flight ya mombasa ya 0600hrs cxd and combined with ya 0830hrs
4 other international flights are "to be notified"


I did inform him. The operations will come to a stand still if Ngunze insist on remaining. Abuja did not deserve to be axed as it was recently introduced and break-even point could not have been realized in a very short period. Ngunze is running down this Airline with his shallow thinking and should be let go with immediate effect.



possunt quia posse videntur
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VituVingiSana
#6093 Posted : Sunday, October 16, 2016 10:26:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
In 2012, I dumped my KQ shares. I made a loss. It hurt but I learnt an invaluable lesson.
I re-read Warren Buffett's writings.

The FIRST lesson is NOT to invest in firms if you do NOT trust the Management/Board. If you invest in a firm and were hoodwinked by the Management/Board or it changes or its philosophy changes and you cannot change the management... take your loss and BAIL OUT. Period.

Olympia, Mumias, KQ, Home Afrika, TCL, Sasini, etc. Run by crooks at some point in time. Olympia is still run by a crook. Sasini shareholders? Good luck if you see any substantial return.

The SECOND lesson is you wants managers with SKIN IN THE GAME be it in shares/ownership or a performance package linked to LONG-TERM (sustainable) PERFORMANCE.

THIRD, do not invest in a business without a MOAT. Invest in a business an idiot can run because one will eventually do so. Of course, when that happens and you realize it then be ready to bail out.

It does not matter which firm it is... So if anyone feels that any of the 3 apply to firms I have an interest in, please let me know what and why. Thank you.

Unga
Kenya Re
I&M Holdings
KenolKobil

Also: Williamson/Kapchorua, TPSEA (Serena), Equity, Car & General
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ArrestedDev
#6094 Posted : Sunday, October 16, 2016 10:35:21 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
ArrestedDev wrote:
maka wrote:
maka wrote:
@Obiero this might be the airlines worst week...just check today morning flights...a couple have been cancelled and sign of things to come.Tuesday if allowed to happen will be HELL.


Cancellations are being done now when passengers are at the airport.
Flight ya mombasa ya 0600hrs cxd and combined with ya 0830hrs
4 other international flights are "to be notified"


I did inform him. The operations will come to a stand still if Ngunze insist on remaining. Abuja did not deserve to be axed as it was recently introduced and break-even point could not have been realized in a very short period. Ngunze is running down this Airline with his shallow thinking and should be let go with immediate effect.





More cancellations yet to come. This is just the tip of the iceberg. The only way to force the much needed change in KQ is through this.
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maka
#6095 Posted : Sunday, October 16, 2016 10:42:23 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
This shows you the kind of person the MD is...he is willing to kill the airline just because of his own selfish interest.Very sad.
possunt quia posse videntur
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Chaka
#6096 Posted : Sunday, October 16, 2016 10:46:35 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Guests?
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Spikes
#6097 Posted : Sunday, October 16, 2016 10:49:13 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
@Obiero tell us your plan on KQ portfolio this week. Are you on your exit earlier than Monday?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#6098 Posted : Sunday, October 16, 2016 10:52:48 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,320
Location: nairobi
maka wrote:
This shows you the kind of person the MD is...he is willing to kill the airline just because of his own selfish interest.Very sad.

Us, the shareholders have the last say.. The CDL employees have been misled and will be fired today. Sadly
COOP, IMH, KEGN, KQ, MTNU
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maka
#6099 Posted : Sunday, October 16, 2016 10:55:52 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
This shows you the kind of person the MD is...he is willing to kill the airline just because of his own selfish interest.Very sad.

Us, the shareholders have the last say.. The CDL employees have been misled and will be fired today. Sadly


Fired then who do you employ in such short notice???You cannot run an airline like a matatu some of the processes are complex and people who have had experience are the only ones who can handle such stuff...How fast can a new person learn how to use Altea?

possunt quia posse videntur
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ArrestedDev
#6100 Posted : Sunday, October 16, 2016 11:01:44 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
obiero wrote:
maka wrote:
This shows you the kind of person the MD is...he is willing to kill the airline just because of his own selfish interest.Very sad.

Us, the shareholders have the last say.. The CDL employees have been misled and will be fired today. Sadly


Fired then who do you employ in such short notice???You cannot run an airline like a matatu some of the processes are complex and people who have had experience are the only ones who can handle such stuff...How fast can a new person learn how to use Altea?



Even cabin crew requires training. Ngunze must go!!!!!Most individual shareholders have no control of this airline. Only the cartels in collusion with the political class have the control through Ngunze.
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  | | Edit by user: Sunday, October 16, 2016 11:03 AM | Reason: because I can
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