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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* Managing an airline in Africa is like getting lost in the wilderness. This is why within a few weeks and after camping in KQ to discuss the underlying issues, he came to a conclusion that someone with the necessary aviation experience should take over immediately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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When Ngunze's departure is announced just after a board meeting convened to discuss the forensic audit then you know that the board is convinced the stewardship should be handed over to someone else. All the findings stated in the below article are factual. http://thebigissue.co.ke/big-issue-biggest-heist/
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured And you want folks to buy into a house of cards? Afadhali nikae na KK which pays dividends. KQ has little competition in Kenya or even East Africa yet it screwed up big time! Pissed off UG, RW and TZ. Instead of co-opting the governments (& citizens) of EAC, KQ's antics antagonized the others and then the Rwandans started their own airline, TZ is "re-starting" a national airline. Not sure where UG is going. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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it didn't take MJ more than a month to figure out you need a manager with sugnificant airline experience at the helm of KQ. We have said it here for so many years yet the ownership took such a poor gamble of putting an engineer and manufacturer and they wonder what hit em.
To lead a competitive firm you will now need good grounding in that industry as a bare minimum. Same mistake with Uchumi before and possibly now.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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The guys behind these crooked schemes are sitting pretty... Some of them were doling out free flights to their "cheerleaders" http://thebigissue.co.ke...baggage-fraud-auditors/
http://thebigissue.co.ke...uy-old-klm-sh2-billion/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. Life is short. Live passionately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Kausha wrote:it didn't take MJ more than a month to figure out you need a manager with sugnificant airline experience at the helm of KQ. We have said it here for so many years yet the ownership took such a poor gamble of putting an engineer and manufacturer and they wonder what hit em.
To lead a competitive firm you will now need good grounding in that industry as a bare minimum. Same mistake with Uchumi before and possibly now. Do you remember I said it and called an aviation quack? The current COO must have done a good job of explaining to MJ the kind of poor stewardship that Ngunze have overseen. I am not sure of how the message was conveyed to Uhuru. This Company is on its death bed and there is no reason to wait for the unfortunate to happen. Ngunze has overseen the biggest heist in the Kenyan corporate sector. Naikuni's partner in crime.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Thanks for schooling these young guns @vvs HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Thanks for schooling these young guns @vvs Lakini @Obiero - one of my best decisions was taking the loss on KQ. That money was deployed to KK and KenRe. The moment I realized the management of KQ were crooks and board was nothing but incompetent... I tried to warn folks. That's why when someone "accuses" a management/board of incompetence/thievery, I take notice. Where there is smoke, there is a chance of a fire. Of course, it may just be hot air but it is MY money at risk. IMHO, 70% of firms on the NSE are "non-investable" ... [KQ, Olympia, Mumias, Kurwitu, Marshalls, etc] Of the remainder, some are over-priced [but good firms eg EABL & BAT] while others are for those who can sit and wait eg Unga and KenRe. Some eg FTGH are still too new. Some eg ARM need time before we can assess where they are headed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Thanks for schooling these young guns @vvs Lakini @Obiero - one of my best decisions was taking the loss on KQ. That money was deployed to KK and KenRe. The moment I realized the management of KQ were crooks and board was nothing but incompetent... I tried to warn folks. That's why when someone "accuses" a management/board of incompetence/thievery, I take notice. Where there is smoke, there is a chance of a fire. Of course, it may just be hot air but it is MY money at risk. IMHO, 70% of firms on the NSE are "non-investable" ... [KQ, Olympia, Mumias, Kurwitu, Marshalls, etc] Of the remainder, some are over-priced [but good firms eg EABL & BAT] while others are for those who can sit and wait eg Unga and KenRe. Some eg FTGH are still too new. Some eg ARM need time before we can assess where they are headed. True, but it's more like 80% of the firms being bandia.. Personally I have been trading for over 11 years at the NSE and I have only handled 8 stocks HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. If flying is profitable, supersonic flying should be super profitable and the airlines operating supersonic flights hyper profitable... Get the drift. Air France and BA both retired their Concorde fleets. Think about that... the only airlines running supersonic passenger flights dropped, rather than added more. Life is short. Live passionately.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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when i read the articles i asked myself why KQ should not make money if and a big IF the fraud is stopped KQ seems to have lost so much to fraud my other question is , how does KLM benefit from the fraud? i cannot understand how there could be so much revenue leakage and the major partner is not 'bothered' atleast for GOK i can understand why
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Rank: User Joined: 1/20/2014 Posts: 3,528
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heri wrote:when i read the articles i asked myself why KQ should not make money if and a big IF the fraud is stopped KQ seems to have lost so much to fraud my other question is , how does KLM benefit from the fraud? i cannot understand how there could be so much revenue leakage and the major partner is not 'bothered' atleast for GOK i can understand why
Why, how does GoK benefit from frauds at KQ? Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Concorde was killed by the US. Please read the literature and understand.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Concorde was killed by the US. Please read the literature and understand.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Concorde was killed by the US. Please read the literature and understand.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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ArrestedDev wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Concorde was killed by the US. Please read the literature and understand. a colleague was asking me< KQ planes are almost full almost all of the time on all the routes they operate on the fares are not exactly cheap, though service on board is top quality, then WHY is the airline in trouble? and what was the foolishness of selling the Heathrow spot. To Each His Own
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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ArrestedDev wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:@vvs dear Fastjet has folded it's Kenyan tour http://www.businessdaily...1836-5lyatgz/index.html[/quote] Now that Fast Jet has folded, will KQ be profitable? *Please fill up at KK. As a private firm that makes profits, we need your help. KQ & friends to pay cash* KQ has never had real competition in Kenya.. Even the losses have always been manufactured No competition yet airlines do do badly. Ideally the Concorde should have raked in Billions in profits yet it folded shamefully after swallowing Billions in French and British taxpayers' money. The Concorde was an aircraft [like 787] so not comparable. I think the only operators were BA and Air France as their governments funded the program. The Tupolev also died and not sure if anyone but Aeroflot operated them. Concorde was killed by the US. Please read the literature and understand. Post link to the literature. Life is short. Live passionately.
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