1) Will KQ have to write-down the current investment in PW?
2) If KQ gets a 50%+ stake in PW, can PW still be designated a flag carrier by Tanzania?
3) If KQ gets 50%+ stake in PW, will it lose Bilateral Rights that allows it to fly to other countries?
4) Does KQ have $30mn [KES 2.6bn] to invest in PW when the Rights Issue barely managed 70% & there were significant losses in 2012-13?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett