Will only buy after the results which are bad...and thereafter Ngunze's resignation.

It is unlikely that Ngunze will resign.. He has a name to hold and the turnaround thus far is directly linked to his wisdom.. He has managed the company par excellence as CEO

Indeed, this guy should go not because I do not like him but since I need to see a better KQ. I am very disheartened when we play second fiddle to people whom we should not be just because of an incompetent manager.

10+ reasons to believe in operation pride at KQ with clear cost saving impact:
1. End of hedging policy = USD 8m monthly
2. Cut off on HOTAC and other operational expenses = USD 1m monthly
3. Rightsizing of the workforce = USD 20m annually
4. Fuel efficient planes = USD 2m monthly
5. Route optimization
6. Category 1 status at main hub
7. GoK guaranteed debt at reduced pay out
8. Sale of non critical assets = USD 25m once off
9. Global reduction in fuel costs
10. Revival in KE tourism
11. Budget carrier for booming middle-class
12. Cleaned-up board and management
13. Debt tenor restructure by main bankers
14. Financial revamp by transaction advisers

10+ reasons to believe in operation pride atKQ:
1. End of hedging policy - Until end of 2016, some up to 2017
But welcome move with some of its stock priced at KES 88 against current price of KES 35
2. Cut off on HOTAC and other operational expenses - Operational issues still there leading to cancellations
OTP currently at 85 with cancellation being managed
3. Rightsizing of the workforce - New hires required in the long run. Only a short term measure
Lower staff costs even in the interim is welcome. We will hire more once we are well
4. Fuel efficient planes- Fuel expense still a major cost for an airline
More reason as to why the fuel costs must be tight via newer craft. KQ now has the 5th youngest fleet in aviation, globally
5. Route optimization - Few options within African continent/ Fierce competition
Shedding off on non viable or low revenue routes was mandatory
6. Category 1 status at main hub - KQ not ready to take advantage of it. Huge working capital outlay required to get the fleet back.
Increased safety for travel cannot be overstated. Even without direct US flights
7. GoK guaranteed debt at reduced pay out - Repayment need to be done in the long run
Agreed but isn't it better to pay GoK 4% than banks at 16%
8. Sale of non critical assets - Leads to reduced capacity/ Increase in operational costs e.g. lease of landing slot
The land at Embakasi, obsolete craft that depreciated by the hour. These had to go. The landing slot was not a key asset
9. Global reduction in fuel costs - Inefficiencies in fuel procurement will hinder full benefits KQ has set up a transformational office that manages procurement by way of committe
10. Revival in KE tourism - A plus but KQ flies to a few source markets KQ shall not fly to each and every country. We shall focus on sweating the assets on revenue generating targets
11. Budget carrier for booming middle-class - Expansion required going forward/ Entry of Fasjet Jambojet marketshare in Kenya is currently 90% for the 3 major routes. We can ceed market share to Fastjet, Easyjet and the others but still survive
12. Cleaned-up board and management - More needs to be done e.g. CEO need to be axed, substantive Finance head need to be appointed Only the CEO remains. Ngunze is a cerified CPA K with Harvard training.. He can double up as the CFO for now
13. Debt tenor restructure by main bankers - Longer tenure leads to higher interest cost Higher interest in the long run but we aim to retire the debt by way of principal repayments once profitability resumes by H1 2016-2017
14. Financial revamp by transaction advisers- Leads to dilution of sharesPJT aim to look at a mix of finance initiatives including but not limited to KLM pumping in additional funds to steady the turbulence. Will KLM lend at high interest rates to itself. That is unlikely

RwandAir to open Mumbai route in December - CEO
http://www.newtimes.co.r...icle/2016-07-13/201638/

"...four flights to Mumbai per week in December 2016 flying its brand new A330-300 aircraft."
"The national carrier is IATA Operational Safety Audit (IOSA) certified, which guarantees its safety and airworthiness."

"Currently, the airline flies to 17 destinations, including Nairobi, Entebbe, Mombasa, Bujumbura, Lusaka, Juba, Douala, Dar es Salaam, Kilimanjaro, Johannesburg, Dubai, Lagos, Libreville and Brazzaville."

He is going home...wait and see.

Even a mad man knows this guy is among the executives who slept on the job. He is just being protected by the cartels.