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Kenya Airways...why ignore..
VituVingiSana
#12321 Posted : Thursday, May 02, 2019 7:49:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,130
Location: Nairobi
KQ pains: It was once the Pride of Africa, so what went wrong?
https://www.nation.co.ke...6334-15kffhuz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tandich
#12322 Posted : Thursday, May 02, 2019 8:37:35 AM
Rank: Member


Joined: 5/6/2008
Posts: 199
Anyone know if/when the statement of financial position will be published?
maka
#12323 Posted : Thursday, May 02, 2019 10:12:13 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
ArrestedDev wrote:
obiero wrote:
ArrestedDev wrote:
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....


A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages.

The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates.

MJ also made the decision to refund wages earned after the Mps mocked him.

MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act


Some questions raised were sensible.

@maka, where is the correct link talking about the departure of KLM stooges?


Surely si I am the link.... Laughing out loudly

Top 50 meeting at Pride currently let's see which other head will roll today...
possunt quia posse videntur
sparkly
#12324 Posted : Thursday, May 02, 2019 11:20:50 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
maka wrote:
ArrestedDev wrote:
obiero wrote:
ArrestedDev wrote:
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....


A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages.

The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates.

MJ also made the decision to refund wages earned after the Mps mocked him.

MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act


Some questions raised were sensible.

@maka, where is the correct link talking about the departure of KLM stooges?


Surely si I am the link.... Laughing out loudly

Top 50 meeting at Pride currently let's see which other head will roll today...



@Maka are you a KQ employee leaking internal ongoings? You will be fired very soon
Life is short. Live passionately.
ArrestedDev
#12325 Posted : Thursday, May 02, 2019 4:16:35 PM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
sparkly wrote:
maka wrote:
ArrestedDev wrote:
obiero wrote:
ArrestedDev wrote:
maka wrote:
https://www.businessdailyafrica.com/corporate/companies/Direct-US-flights-struggle-as-KQ/4003102-5094942-view-asAMP-ibgcq7z/index.html?__twitter_impression=true


ION the Board has made a decision to let go of all guys seconded by KLM.... Raj... Jan et al....


A very bold move. KAWU's press release though poorly worded showed clearly they take a big junk of the wages.

The parliamentary hearing on the JKIA also brought to light the case as it is with the so-called expatriates.

MJ also made the decision to refund wages earned after the Mps mocked him.

MPs are soo dirty and then mock MJ.. Unafik kabisa.. He's a class act


Some questions raised were sensible.

@maka, where is the correct link talking about the departure of KLM stooges?


Surely si I am the link.... Laughing out loudly

Top 50 meeting at Pride currently let's see which other head will roll today...



@Maka are you a KQ employee leaking internal ongoings? You will be fired very soon


Nothing sensitive here to warrant @maka to be fired.

@maka, keep us posted.
sparkly
#12326 Posted : Thursday, May 02, 2019 7:20:14 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
https://www-nation-co-ke...4-15kffhuz%2Findex.html

Shallow but passes the message that KQ should go back to the basics, even if it means boarding after jumping over urine.
Life is short. Live passionately.
maka
#12327 Posted : Thursday, May 02, 2019 7:35:20 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
https://www.zeebiz.com/c...itable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
possunt quia posse videntur
obiero
#12328 Posted : Thursday, May 02, 2019 7:47:30 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,563
Location: nairobi
sparkly wrote:
https://www-nation-co-ke.cdn.ampproject.org/v/s/www.nation.co.ke/oped/opinion/KQ-was-once-the-Pride-of-Africa/440808-5096334-view-asAMP-pxmlodz/index.html?amp_js_v=a2&amp_gsa=1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.nation.co.ke%2Foped%2Fopinion%2FKQ-was-once-the-Pride-of-Africa%2F440808-5096334-15kffhuz%2Findex.html

Shallow but passes the message that KQ should go back to the basics, even if it means boarding after jumping over urine.

A wasteful article high on words but low in content

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#12329 Posted : Thursday, May 02, 2019 8:20:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,130
Location: Nairobi
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
maka
#12330 Posted : Thursday, May 02, 2019 8:43:40 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

possunt quia posse videntur
maka
#12331 Posted : Thursday, May 02, 2019 8:52:49 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...




https://www.google.com/a...relists-in-huge-ipo/amp/
possunt quia posse videntur
VituVingiSana
#12332 Posted : Thursday, May 02, 2019 9:25:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,130
Location: Nairobi
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#12333 Posted : Friday, May 03, 2019 6:05:50 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,563
Location: nairobi
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Monk
#12334 Posted : Friday, May 03, 2019 7:36:05 AM
Rank: Member


Joined: 7/1/2009
Posts: 256
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.
obiero
#12335 Posted : Friday, May 03, 2019 7:47:01 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,563
Location: nairobi
Monk wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.

Hehe. I know.. He did well but self interest was at the center of his motivation

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Monk
#12336 Posted : Friday, May 03, 2019 8:15:00 AM
Rank: Member


Joined: 7/1/2009
Posts: 256
obiero wrote:
Monk wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.

Hehe. I know.. He did well but self interest was at the center of his motivation


That's exactly the kind of self-interest ESOPs are designed to inspire, where the employees and the firm grow together.
VituVingiSana
#12337 Posted : Friday, May 03, 2019 9:01:49 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,130
Location: Nairobi
Monk wrote:
obiero wrote:
Monk wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.

Hehe. I know.. He did well but self interest was at the center of his motivation


That's exactly the kind of self-interest ESOPs are designed to inspire, where the employees and the firm grow together.
Applause Applause Applause
Whereas I did not fully endorse the "Share Option" scheme that KK gave Ohana, it did work. Applause
@Monk - Frankly, the green is key and thanks to KK my 2018 performance was positive despite a 100% loss in ARM and paper losses in some counters.

All that said, I look to "performance" of the firms not the share price. To paraphrase Warren Buffett: The stock market is not a sprint but a marathon.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
maka
#12338 Posted : Friday, May 03, 2019 11:43:12 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi

The government has written off a Sh24.2 billion loan advanced to struggling Kenya Airways in the latest move to keep the national flag carrier in the skies.

In budget documents presented in Parliament this week, the Treasury revealed that the loan was part of Sh27.2 billion worth of dormant loans that the Cabinet authorised to be written off.

Kenya Airways, which made another loss of Sh7.5 billion last year, had not made any attempt to repay the loan and it remained outstanding as at June 30, 2018. This made it the biggest recipient of write offs.

The government, which is the biggest shareholder in the airline, has been pumping money into KQ in an attempt to resuscitate it and pull it out of the red. But the airline has remained in the loss making territory for the last five years.
possunt quia posse videntur
maka
#12339 Posted : Friday, May 03, 2019 1:08:02 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ebenyo
#12340 Posted : Friday, May 03, 2019 1:24:51 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
maka wrote:

The government has written off a Sh24.2 billion loan advanced to struggling Kenya Airways in the latest move to keep the national flag carrier in the skies.

In budget documents presented in Parliament this week, the Treasury revealed that the loan was part of Sh27.2 billion worth of dormant loans that the Cabinet authorised to be written off.

Kenya Airways, which made another loss of Sh7.5 billion last year, had not made any attempt to repay the loan and it remained outstanding as at June 30, 2018. This made it the biggest recipient of write offs.

The government, which is the biggest shareholder in the airline, has been pumping money into KQ in an attempt to resuscitate it and pull it out of the red. But the airline has remained in the loss making territory for the last five years.



if the management will not take other huge credit facilities in the next 6 months,this will immediately return kenya airways into positive equity.This means GOK is determined to return KQ into profitability.
Towards the goal of financial freedom
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