where will that money come from when the company cash flow is debt ridden? you need to tell me first how kq will urgently get 30 bilion in cash to erase that cash flow difficulty.Between 1st aprill and now,how much has been raised from asset sale?

And the 8B asset proceeds shall be offset to negatives as the airline top leadership wallows in absolute mismanagement!

Interview with Transport Cabinet Secretary James Macharia....Facts or fiction?

The financial problems at Kenya Airways have been mounting despite efforts to resuscitate the national carrier. Why are we not seeing results and why is the current management still in office?

KQ is a listed company and what I can give you is the information in the public domain. That is about the published results as of March 30, 2016. Although the bottom line was Sh26 billion loss there was a major improvement on the line that matters — the operational loss.

In March 2015 the operational loss was Sh16 billion yet this year March, that figure had come down to Sh4 billion. What really brought the figure to Sh26 billion has three elements to it – there was the issue of the financing costs because by then they had not sold off these big planes, or returned them or sub-leased them.

They were still carrying heavy financing cost. Secondly, the shilling had gone to about Sh102 against the dollar. Number three, they were doing the last bit of the hedge in the year ended March 30, 2016.

Therefore, if you look at the results you will find about Sh20 billion was not actually operating loss but financing cost which will not recur in the current financial year.

That is why I am saying that what is most important as a business is to look at that line of operating loss. I would, therefore, like to correct the impression that it has sunk deeper into losses.

It hasn’t. It is also not true that we have not done anything about management. Management is not about one person. People tend to focus more on the managing director yet he is just part of the management. Below him, we have changed virtually everybody from finance director, director of flight operations to chief operating officer.

But let me just assure you that more changes are coming. I cannot disclose more than that now. Bottom line is that KQ is a viable airline.

http://mobile.nation.co....em-1-f4tu3dz/index.html

I will place an additional KES 2.5M into KQ stock within a few weeks.. Once again, I state here that this is a kamikaze sojourn. Join in at own discretion

Let's see if Macharia will put his (not GoK) cash into KQ.

@maka I surely hope you are not a pilot.. Wouldn't want to be flown by you in the current state.. You seem highly bitter. Remember KQ is made up of the staff, Ngunze is just the figurehead

@GATOHO Indeed, time reveals all. I am acutely aware of the challenges facing KQ and though I choose to speak only about the positives, trust me I know KQ has been hurting and the difference between loss and profit plus its impact to the shareholder. Today AA is above USD 32 per share, from USD 0.25 only a few years ago.. My KQ story may seem like a big fat insane joke to some but at the end of the day, I may be the one to laugh last

Surely, Anglo leasing cannot be compared to Operation Pride
Only 45 days to end of H1.. This will be the do or die financial results, that will reveal sustainability or otherwise

I would want that to happen too, but you and I know it wont come to pass