Flogging a dead horse.
A pity I own 1/50,000,000 of KQ.
Heck, given my shares in various banks, I would say I sadly own way more than 1/50,000,000 of KQ.

How did KQ con all those banks into that crazy arrangement. Juju is real.

Considering KQ has NEGATIVE equity, a debt conversion is a PLUS for "minority" shareholders.

As I recommended a long time ago, "Old KQ" should have been put under administration and a "new KQ" carved out with the good assets and without most of the liabilities.

This would have been a better option for the survival of the airline but given the negative equity, the shareholders would have been wiped out and creditors would have taken a haircut.

The "Old KQ" could have also gone after Naikuni, Mbugua and friends.

But increasing the value of the firm. Hapa sasa ni positioning for a jettison

Kq is a listed company with private shareholders.
Such an arrangement ain't easy with that setup

Thanks. Back to negative equity which is certain to increase for at least the next two reporting periods. Debt conversion wasn't enough to bail kq out now they want to try an equity bailout via KAA....when is the merger set to be effected? These losses will decimate their balance sheet too. Depending on how robust KAA's balance sheet is this reduces the time period it would take for kq to be considered investment grade from a long and arduous five year period to 2-3 years.

Weak (ening) cashflows, thinning operating margin and a return to hedging. Which contract/strategy are they going to employ this time round given how disastrous the last one was? If they intend to use the same tactic it is bound to end in heavy losses given the correlation with the dollar and the short/medium trend of the latter variable and perhaps even the long term trend for oil prices.

If KQ screws up NYC thats it....Dead.

They have JKIA...U.S flight's...I wonder what they will blame next for losses...Ghosts????

The NYC route is high on symbolism low on profit, great risk. The money is in the DC route (2019) where the world banks and imfs of this world reside

How about we take the KQ showdown to the KQ thread so that those not interested do not have to scroll up 100 posts before they get to the relevant discussion?!