Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
VituVingiSana wrote:obiero wrote:sparkly wrote:VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Very worrying that a big company like KQ can chase away senior management like thugs knowing very well that courts give on average 1 year's pay for wrongful dismissal. Where were the HR people and lawyers to advise? Why didn't they just serve him with notice? He was bleeding the firm dry.. But he is Naikuni's problem, not Ngunze, not Sebastian I did not know Naikuni, not KQ, was going to pay Mbugua. That's With annual revenue of KES 114B. Loss of KES 7.5B. What's KES 27M to KQ? Tutalipa aende zake! COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
[quote=Ericsson] Kenya Airways Proposes State-Run Entity as Airport Bid FailsKenya Airways Plc. is willing to operate under a state-owned holding company after the troubled airline failed in its bid to jointly run the country’s main airport, according to Chairman Michael Joseph. Lawmakers in the East African nation are expected to issue alternative proposals, including the possible partial nationalization of Kenya Airways, after they last month rejected the airline’s proposal to operate Jomo Kenyatta International Airport with the state-owned Kenya Airports Authority, Joseph said in an interview Monday. The airline, which reported a 5.95 billion shillings ($59 million) full-year loss, is proposing a model similar to Emirates Airline and Ethiopian Airlines Enterprise, which operate as units of state-owned holding companies. Such an arrangement would enable able it to double its fleet in five years, Joseph said. “We need the financial structure to enable us to do that,” he said. “It might not be cash, it might be the balance sheet which is why the airport deal was very important for us.” Kenyan lawmakers may release a report with recommendations on the future of the airline as early as Tuesday. Kenya Airways, which is 48.9% owned by the government, is also on the hunt for a chief executive officer after Sebastian Mikosz said he would step down before the end of his three-year contract. “A mature, seasoned executive is what I will hire,” Joseph said. “There’s not many around. If it’s delayed beyond December there’ll be still strong leadership.” https://www.bloomberg.co...re-as-airport-bid-fails[/quote] East African Community members need to rethink their aviation sectors or thier dreams of connecting the world and national pride will remain unachievable. EAC has a fleet size of 60 planes flying to 89 destinations (Kenya 40-53; Rwandaair 12-23; Tanzania 8-13) Uganda, Burundi, South Sudan do not have national carriers. EAC stats are dwarfed regionally by Ethiopian Airlines which has a fleet of 112 flying 125 passenger and 40 cargo destinations. Compared to international Middle Eastern "competitors" flying regionally like Emirates (258 planes, 158 destinations) and Turkish (336 planes, 304 destinations) EAC carriers are really puny. Debt ladden EAC carriers (where they exist) are playing in the village league under delusion that they are competing with international counterparts. Only collaborative effort will lead to meaningful impact in the sector. EAC member countries should dissolve their airlines and form an East African Airline (Call it Safari Airlines). Countries without their own airlines like Uganda and Burundi should invest in the new East African Airline. A collaborative East African Airline will have monopoly in East & Central Africa, challenge the regional giants based on bigger capital base and economies of scale. Life is short. Live passionately.
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha *fare COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
sparkly wrote:[quote=Ericsson] Kenya Airways Proposes State-Run Entity as Airport Bid FailsKenya Airways Plc. is willing to operate under a state-owned holding company after the troubled airline failed in its bid to jointly run the country’s main airport, according to Chairman Michael Joseph. Lawmakers in the East African nation are expected to issue alternative proposals, including the possible partial nationalization of Kenya Airways, after they last month rejected the airline’s proposal to operate Jomo Kenyatta International Airport with the state-owned Kenya Airports Authority, Joseph said in an interview Monday. The airline, which reported a 5.95 billion shillings ($59 million) full-year loss, is proposing a model similar to Emirates Airline and Ethiopian Airlines Enterprise, which operate as units of state-owned holding companies. Such an arrangement would enable able it to double its fleet in five years, Joseph said. “We need the financial structure to enable us to do that,” he said. “It might not be cash, it might be the balance sheet which is why the airport deal was very important for us.” Kenyan lawmakers may release a report with recommendations on the future of the airline as early as Tuesday. Kenya Airways, which is 48.9% owned by the government, is also on the hunt for a chief executive officer after Sebastian Mikosz said he would step down before the end of his three-year contract. “A mature, seasoned executive is what I will hire,” Joseph said. “There’s not many around. If it’s delayed beyond December there’ll be still strong leadership.” https://www.bloomberg.co...re-as-airport-bid-fails[/quote] East African Community members need to rethink their aviation sectors or thier dreams of connecting the world and national pride will remain unachievable. EAC has a fleet size of 60 planes flying to 89 destinations (Kenya 40-53; Rwandaair 12-23; Tanzania 8-13) Uganda, Burundi, South Sudan do not have national carriers. EAC stats are dwarfed regionally by Ethiopian Airlines which has a fleet of 112 flying 125 passenger and 40 cargo destinations. Compared to international Middle Eastern "competitors" flying regionally like Emirates (258 planes, 158 destinations) and Turkish (336 planes, 304 destinations) EAC carriers are really puny. Debt ladden EAC carriers (where they exist) are playing in the village league under delusion that they are competing with international counterparts. Only collaborative effort will lead to meaningful impact in the sector. EAC member countries should dissolve their airlines and form an East African Airline (Call it Safari Airlines). Countries without their own airlines like Uganda and Burundi should invest in the new East African Airline. A collaborative East African Airline will have monopoly in East & Central Africa, challenge the regional giants based on bigger capital base and economies of scale. This is like a composition. The one where you used to start with the phrase "it was a lovely, bright Sunday morning and the birds were chirping".. Dreamy COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:VituVingiSana wrote:Court says KQ to pay Mbugua Shs 27,000,000 https://www.businessdail...153714-mxjpf/index.html
The judges agreed that Justice Monicah Mbaru of the Labour Court was right in finding that KQ was in breach of the law when it summarily terminated Mr Mbugua’s employment. “It is quite obvious to us that KQ conflated the performance review and disciplining process and came up with what was essentially a hybrid, mongrel process that did not fall under either category,” they said. They added that the process was tainted and it would seem the performance angle was no more than a red-herring to get rid of him from KQ. “His fate was determined even before he was summoned to attend the Serena session, whatever it was, with the demand that he resign, the barricading of his office, disablement of his email and the like,” they added. Very worrying that a big company like KQ can chase away senior management like thugs knowing very well that courts give on average 1 year's pay for wrongful dismissal. Where were the HR people and lawyers to advise? Why didn't they just serve him with notice? He was bleeding the firm dry.. But he is Naikuni's problem, not Ngunze, not Sebastian I did not know Naikuni, not KQ, was going to pay Mbugua. That's With annual revenue of KES 114B. Loss of KES 7.5B. What's KES 27M to KQ? Tutalipa aende zake! "Beware of little expenses; a small leak will sink a great ship" - Ben Franklin Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha For $200 RT, I am going to go. Let me go get a visa! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:sparkly wrote:[quote=Ericsson] Kenya Airways Proposes State-Run Entity as Airport Bid FailsKenya Airways Plc. is willing to operate under a state-owned holding company after the troubled airline failed in its bid to jointly run the country’s main airport, according to Chairman Michael Joseph. Lawmakers in the East African nation are expected to issue alternative proposals, including the possible partial nationalization of Kenya Airways, after they last month rejected the airline’s proposal to operate Jomo Kenyatta International Airport with the state-owned Kenya Airports Authority, Joseph said in an interview Monday. The airline, which reported a 5.95 billion shillings ($59 million) full-year loss, is proposing a model similar to Emirates Airline and Ethiopian Airlines Enterprise, which operate as units of state-owned holding companies. Such an arrangement would enable able it to double its fleet in five years, Joseph said. “We need the financial structure to enable us to do that,” he said. “It might not be cash, it might be the balance sheet which is why the airport deal was very important for us.” Kenyan lawmakers may release a report with recommendations on the future of the airline as early as Tuesday. Kenya Airways, which is 48.9% owned by the government, is also on the hunt for a chief executive officer after Sebastian Mikosz said he would step down before the end of his three-year contract. “A mature, seasoned executive is what I will hire,” Joseph said. “There’s not many around. If it’s delayed beyond December there’ll be still strong leadership.” https://www.bloomberg.co...re-as-airport-bid-fails[/quote] East African Community members need to rethink their aviation sectors or thier dreams of connecting the world and national pride will remain unachievable. EAC has a fleet size of 60 planes flying to 89 destinations (Kenya 40-53; Rwandaair 12-23; Tanzania 8-13) Uganda, Burundi, South Sudan do not have national carriers. EAC stats are dwarfed regionally by Ethiopian Airlines which has a fleet of 112 flying 125 passenger and 40 cargo destinations. Compared to international Middle Eastern "competitors" flying regionally like Emirates (258 planes, 158 destinations) and Turkish (336 planes, 304 destinations) EAC carriers are really puny. Debt ladden EAC carriers (where they exist) are playing in the village league under delusion that they are competing with international counterparts. Only collaborative effort will lead to meaningful impact in the sector. EAC member countries should dissolve their airlines and form an East African Airline (Call it Safari Airlines). Countries without their own airlines like Uganda and Burundi should invest in the new East African Airline. A collaborative East African Airline will have monopoly in East & Central Africa, challenge the regional giants based on bigger capital base and economies of scale. This is like a composition. The one where you used to start with the phrase "it was a lovely, bright Sunday morning and the birds were chirping".. Dreamy Enjoy the composition as you wait for open offer Life is short. Live passionately.
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
sparkly wrote:obiero wrote:sparkly wrote:[quote=Ericsson] Kenya Airways Proposes State-Run Entity as Airport Bid FailsKenya Airways Plc. is willing to operate under a state-owned holding company after the troubled airline failed in its bid to jointly run the country’s main airport, according to Chairman Michael Joseph. Lawmakers in the East African nation are expected to issue alternative proposals, including the possible partial nationalization of Kenya Airways, after they last month rejected the airline’s proposal to operate Jomo Kenyatta International Airport with the state-owned Kenya Airports Authority, Joseph said in an interview Monday. The airline, which reported a 5.95 billion shillings ($59 million) full-year loss, is proposing a model similar to Emirates Airline and Ethiopian Airlines Enterprise, which operate as units of state-owned holding companies. Such an arrangement would enable able it to double its fleet in five years, Joseph said. “We need the financial structure to enable us to do that,” he said. “It might not be cash, it might be the balance sheet which is why the airport deal was very important for us.” Kenyan lawmakers may release a report with recommendations on the future of the airline as early as Tuesday. Kenya Airways, which is 48.9% owned by the government, is also on the hunt for a chief executive officer after Sebastian Mikosz said he would step down before the end of his three-year contract. “A mature, seasoned executive is what I will hire,” Joseph said. “There’s not many around. If it’s delayed beyond December there’ll be still strong leadership.” https://www.bloomberg.co...re-as-airport-bid-fails[/quote] East African Community members need to rethink their aviation sectors or thier dreams of connecting the world and national pride will remain unachievable. EAC has a fleet size of 60 planes flying to 89 destinations (Kenya 40-53; Rwandaair 12-23; Tanzania 8-13) Uganda, Burundi, South Sudan do not have national carriers. EAC stats are dwarfed regionally by Ethiopian Airlines which has a fleet of 112 flying 125 passenger and 40 cargo destinations. Compared to international Middle Eastern "competitors" flying regionally like Emirates (258 planes, 158 destinations) and Turkish (336 planes, 304 destinations) EAC carriers are really puny. Debt ladden EAC carriers (where they exist) are playing in the village league under delusion that they are competing with international counterparts. Only collaborative effort will lead to meaningful impact in the sector. EAC member countries should dissolve their airlines and form an East African Airline (Call it Safari Airlines). Countries without their own airlines like Uganda and Burundi should invest in the new East African Airline. A collaborative East African Airline will have monopoly in East & Central Africa, challenge the regional giants based on bigger capital base and economies of scale. This is like a composition. The one where you used to start with the phrase "it was a lovely, bright Sunday morning and the birds were chirping".. Dreamy Enjoy the composition as you wait for open offer Prayers accepted COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
VituVingiSana wrote:Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha For $200 RT, I am going to go. Let me go get a visa! Day 1 and KQ staff have hit that plane.... 2nd time a Southern China launch has had a mishap. ION inaugural flight to Geneva is tonight at 2350. possunt quia posse videntur
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
maka wrote:VituVingiSana wrote:Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha For $200 RT, I am going to go. Let me go get a visa! Day 1 and KQ staff have hit that plane....
2nd time a Southern China launch has had a mishap.
ION inaugural flight to Geneva is tonight at 2350. What do you mean? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
VituVingiSana wrote:maka wrote:VituVingiSana wrote:Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha For $200 RT, I am going to go. Let me go get a visa! Day 1 and KQ staff have hit that plane....
2nd time a Southern China launch has had a mishap.
ION inaugural flight to Geneva is tonight at 2350. What do you mean? Remember what I said here about the KQ Embraers and @maka.. Triangulate COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha For $200 RT, I am going to go. Let me go get a visa! Day 1 and KQ staff have hit that plane....
2nd time a Southern China launch has had a mishap.
ION inaugural flight to Geneva is tonight at 2350. What do you mean? Remember what I said here about the KQ Embraers and @maka.. Triangulate There's nothing funny about it. Plain stupid. I hope the saboteurs are found and find themselves in China via the cargo hold. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:Ericsson wrote:China southern airlines launches Nairobi-Changsha direct flight. Changsha is the capital city of Hunan province. The flight will be twice a week and fair will be $200-800. Duration is 11.5hrs from Nairobi to Changsha For $200 RT, I am going to go. Let me go get a visa! Day 1 and KQ staff have hit that plane....
2nd time a Southern China launch has had a mishap.
ION inaugural flight to Geneva is tonight at 2350. What do you mean? Remember what I said here about the KQ Embraers and @maka.. Triangulate There's nothing funny about it. Plain stupid. I hope the saboteurs are found and find themselves in China via the cargo hold. It was an accident... Accidents do happen... possunt quia posse videntur
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
Geneva and Rome onboarded, The Pride of Africa https://www.thebrief.co....-geneva-rome-takes-off/
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
A glowing article https://www.businessdail...3654-113nwq7z/index.html COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
There's no demand, he said.. It's a white elephant, he said.. https://www.businessdail...53426-15jp6wz/index.html COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Nothing much here... possunt quia posse videntur
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
|
Of course you will say that.. For China Southern you say accidents do happen, but for KQ it's negligence.. COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Good development. Excellent for the country but there is nothing in it for minority shareholders. Developing new routes takes money. Life is short. Live passionately.
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|