Wazua
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KQ FY15 Loss of Ksh. 26 Bn
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 1/31/2007 Posts: 304
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This is must be the mother of all losses in corporate Kenya history.. Only prayers can now help!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oh my! They still have fuel hedges?!   They never learnt any lesson back in 2011.
Oil will likely slide below $30 handle once it breaks below the Jan 2015 low. Those fuel hedges will reap apart KQ. The bank holding those hedges will bleed KQ dry! Which bank(s) is this? Citi?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:Financing Options
1. Afrexim Bank appointed financial advisor to assisst KQ:
-Raise long term capital to finance the business
-Perform a comprehensive review of the KQ debt profile with a view to recommend an optimal liability structure
2. Shareholder Support
3. Sale of Assets
-Aircraft
-Land in Embakasi Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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The Airline has secured a sh.20bn loan to avoid falling into insolvency Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Let me try my 2bob buy order "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ericsson wrote:The Airline has secured a sh.20bn loan to avoid falling into insolvency A dollar loan. I wonder how it's structured.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Indeed. A watershed. Obama: Kenya at 'crossroads' between peril and promise
KENYA AIRWAYS LIMITED SUMMARY AUDITED GROUP
RESULTS FOR THE YEAR ENDED 31 MARCH 2015https://www.kenya-airway...uncement_March_2015.pdf
Now, for a textbook finish... Cc.@Aguy
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Rank: User Joined: 1/20/2014 Posts: 3,528
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hisah wrote:Oh my! They still have fuel hedges?! They never learnt any lesson back in 2011.
Oil will likely slide below $30 handle once it breaks below the Jan 2015 low. Those fuel hedges will reap apart KQ. The bank holding those hedges will bleed KQ dry! Which bank(s) is this? Citi? Citi & Standard  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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KQ FY15 Loss of Ksh. 26 Bn
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