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Kenya Airways...why ignore..
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VituVingiSana
#7181 Posted : Sunday, March 12, 2017 11:47:26 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,339
Location: Nairobi
Impunity wrote:
obiero wrote:
VituVingiSana wrote:
Horton wrote:
obiero wrote:
alotoftalk wrote:
VituVingiSana wrote:
Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires?
http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them?
Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing.
Couldn't KQ sweat the aircraft over 2 years before scrapping them?


Financial engineering 101 through lease accounting.

Some people are beyond redemption


https://beta.theglobeand....com&service=mobile

So Air Canada doing something similar and turning a profit. Only difference is these are B787s vs B737

The 787s are new aircraft and have another 15 yrs life. These 737s are almost dead. The article says they will be retired/scrapped after KQ is done ie in 18 months.

So let me understand.. You would have preferred that KQ holds on to the depreciating craft for an extra 2 years so that they sell at a total loss and at the same time, keep incurring finance costs


You don't need to explain some facts to some people.

😂😂😂 @Impunity - I see he is still getting perks coz his mboy hasn't left. MJ will not brook such payouts... 😜😜😜
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#7182 Posted : Monday, March 13, 2017 2:38:28 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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obiero
#7183 Posted : Monday, March 13, 2017 7:16:14 AM
Rank: Elder


Joined: 6/23/2009
Posts: 14,201
Location: nairobi
ArrestedDev wrote:
obiero wrote:
maka wrote:
Crazy stories about how Revenue management guys were stealing...some even had a parallel ticketing system ...crazy.

We agreed with unison here that the losses were man made.. KQ should never have reported a loss in the first place.. Plain thuggery happened




@maka, Is this a new revelation? Or is it Mckinsey/ findings of the forensic audit.

If it is a new finding then my credit goes to the new Commercial Director. This is enough evidence for you guys to know that what is needed is a strong manager and not consultants and anything else. It paints a clear picture that all the managers/directors who held that position were very poor in management. The same applies to Ngunze, wait and see what the new CEO will do. You will notice the difference immediately he starts work.

Ngunze headed out in exactly 2 months.. May the new CEO bring us even better tidings

KQ ABP 4.26
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ArrestedDev
#7184 Posted : Monday, March 13, 2017 7:34:47 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
Impunity wrote:
obiero wrote:
VituVingiSana wrote:
Horton wrote:
obiero wrote:
alotoftalk wrote:
VituVingiSana wrote:
Why would KQ sell & then lease back aircraft for 18 months when they will be scrapped after the lease expires?
http://m.atwonline.com/l...sale-and-leaseback-deal
Why even sell them?
Selling them means a commission was paid. Then leasing them back means another fee is paid. Lease payments include financing costs. Finally when scrapped, KQ might get nothing.
Couldn't KQ sweat the aircraft over 2 years before scrapping them?


Financial engineering 101 through lease accounting.

Some people are beyond redemption


https://beta.theglobeand....com&service=mobile

So Air Canada doing something similar and turning a profit. Only difference is these are B787s vs B737

The 787s are new aircraft and have another 15 yrs life. These 737s are almost dead. The article says they will be retired/scrapped after KQ is done ie in 18 months.

So let me understand.. You would have preferred that KQ holds on to the depreciating craft for an extra 2 years so that they sell at a total loss and at the same time, keep incurring finance costs


You don't need to explain some facts to some people.

😂😂😂 @Impunity - I see he is still getting perks coz his mboy hasn't left. MJ will not brook such payouts... 😜😜😜



Let me chip in. KQ is still in dire need of cash inflows. The only faster way to get it is to sell assests.

These are very desperate measures and it will not go on for long. A further bailout from the government is required soon or later.
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ArrestedDev
#7185 Posted : Monday, March 13, 2017 7:54:46 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
maka wrote:
Crazy stories about how Revenue management guys were stealing...some even had a parallel ticketing system ...crazy.

We agreed with unison here that the losses were man made.. KQ should never have reported a loss in the first place.. Plain thuggery happened




@maka, Is this a new revelation? Or is it Mckinsey/ findings of the forensic audit.

If it is a new finding then my credit goes to the new Commercial Director. This is enough evidence for you guys to know that what is needed is a strong manager and not consultants and anything else. It paints a clear picture that all the managers/directors who held that position were very poor in management. The same applies to Ngunze, wait and see what the new CEO will do. You will notice the difference immediately he starts work.
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ARAP CHARLES
#7186 Posted : Monday, March 13, 2017 1:01:12 PM
Rank: Member


Joined: 5/30/2016
Posts: 217
Location: Talai
Haiya some news just landed... anybody with 411.. please OBIERO ADVICE
Watch and Listen and Live
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maka
#7187 Posted : Monday, March 13, 2017 1:06:53 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
ArrestedDev wrote:
obiero wrote:
maka wrote:
Crazy stories about how Revenue management guys were stealing...some even had a parallel ticketing system ...crazy.

We agreed with unison here that the losses were man made.. KQ should never have reported a loss in the first place.. Plain thuggery happened




@maka, Is this a new revelation? Or is it Mckinsey/ findings of the forensic audit.

If it is a new finding then my credit goes to the new Commercial Director. This is enough evidence for you guys to know that what is needed is a strong manager and not consultants and anything else. It paints a clear picture that all the managers/directors who held that position were very poor in management. The same applies to Ngunze, wait and see what the new CEO will do. You will notice the difference immediately he starts work.


New stuff the details of the whole story...
possunt quia posse videntur
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Jibabe
#7188 Posted : Monday, March 13, 2017 6:05:05 PM
Rank: Member


Joined: 6/25/2009
Posts: 41
Who's Geoffrey Mugendo hear a parking spot at KQ labeld as such
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maka
#7189 Posted : Monday, March 13, 2017 7:06:41 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Jibabe wrote:
Who's Geoffrey Mugendo hear a parking spot at KQ labeld as such


Really by name?He is in supply chain...
possunt quia posse videntur
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ArrestedDev
#7190 Posted : Tuesday, March 14, 2017 9:35:48 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
Jibabe wrote:
Who's Geoffrey Mugendo hear a parking spot at KQ labeld as such


Really by name?He is in supply chain...


What's the news here? Is this another corrupt individual in KQ. Let them be flushed out.
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obiero
#7191 Posted : Tuesday, March 14, 2017 6:10:36 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,201
Location: nairobi
Page 15 of today's Standard newspaper speaks to what is about to happen at KQ

KQ ABP 4.26
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maka
#7192 Posted : Tuesday, March 14, 2017 6:12:23 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Page 15 of today's Standard newspaper speaks to what is about to happen at KQ


Just tell us cant get the standard pahali niko...
possunt quia posse videntur
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obiero
#7193 Posted : Tuesday, March 14, 2017 8:58:14 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,201
Location: nairobi
maka wrote:
obiero wrote:
Page 15 of today's Standard newspaper speaks to what is about to happen at KQ


Just tell us cant get the standard pahali niko...

I can't seem to find it online

KQ ABP 4.26
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Jibabe
#7194 Posted : Wednesday, March 15, 2017 12:52:12 PM
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Joined: 6/25/2009
Posts: 41
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Spikes
#7195 Posted : Wednesday, March 15, 2017 3:16:50 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Jibabe wrote:
http://www.businessdailyafrica.com/corporate/Kenya-Airways-CEO-to-stay-beyond-March-exit-date/539550-3850316-4wi8ue/index.html
Applause Applause Applause

I'm very fearful folks. Even the appointment of new CEO might be rejected by the bulls.Hii soko imeharibika.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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maka
#7196 Posted : Wednesday, March 15, 2017 3:33:46 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Spikes wrote:
Jibabe wrote:
http://www.businessdailyafrica.com/corporate/Kenya-Airways-CEO-to-stay-beyond-March-exit-date/539550-3850316-4wi8ue/index.html
Applause Applause Applause

I'm very fearful folks. Even the appointment of new CEO might be rejected by the bulls.Hii soko imeharibika.


Actually wanted to post this when I reported about the new info on the stealing that was taking place...smile
possunt quia posse videntur
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maka
#7197 Posted : Wednesday, March 15, 2017 3:36:04 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
Spikes wrote:
Jibabe wrote:
http://www.businessdailyafrica.com/corporate/Kenya-Airways-CEO-to-stay-beyond-March-exit-date/539550-3850316-4wi8ue/index.html
Applause Applause Applause

I'm very fearful folks. Even the appointment of new CEO might be rejected by the bulls.Hii soko imeharibika.


Actually wanted to post this when I reported about the new info on the stealing that was taking place...smile


Plus its clear now that Mbugua was the main culprit almost everyone directly below him have been sent home...plus charges will be pressed.
possunt quia posse videntur
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obiero
#7198 Posted : Wednesday, March 15, 2017 4:44:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 14,201
Location: nairobi
maka wrote:
maka wrote:
Spikes wrote:
Jibabe wrote:
http://www.businessdailyafrica.com/corporate/Kenya-Airways-CEO-to-stay-beyond-March-exit-date/539550-3850316-4wi8ue/index.html
Applause Applause Applause

I'm very fearful folks. Even the appointment of new CEO might be rejected by the bulls.Hii soko imeharibika.


Actually wanted to post this when I reported about the new info on the stealing that was taking place...smile


Plus its clear now that Mbugua was the main culprit almost everyone directly below him have been sent home...plus charges will be pressed.

Michael Joseph will not say it but the exchange bar knows that William Hondius made it to the shortlist

KQ ABP 4.26
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ArrestedDev
#7199 Posted : Thursday, March 16, 2017 12:34:45 AM
Rank: Member


Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
maka wrote:
Spikes wrote:
Jibabe wrote:
http://www.businessdailyafrica.com/corporate/Kenya-Airways-CEO-to-stay-beyond-March-exit-date/539550-3850316-4wi8ue/index.html
Applause Applause Applause

I'm very fearful folks. Even the appointment of new CEO might be rejected by the bulls.Hii soko imeharibika.


Actually wanted to post this when I reported about the new info on the stealing that was taking place...smile


Plus its clear now that Mbugua was the main culprit almost everyone directly below him have been sent home...plus charges will be pressed.


Mbugua and Naikuni. The same with Ngunze and even the Marketing guy who just left. Naikuni passed the banton to Ngunze. The new hires sourced through a brief case HR firm recently is just anotherscandal with commisions to be paid continuously to Ngunze even after his exit.

William does not have experience running a main stream airline. The way he has handled Jambojet leaves alot of questions over his management ability. If there was any serious expertise within him then he could have helped out KQ when very stupid decisions were being taken by Ngunze. Someone with a wealth of experience cannot sit back while an inexperienced person is grounding an airline. The pilots only stood up. Hondious will NOT be the next KQ CEO.
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Spikes
#7200 Posted : Thursday, March 16, 2017 7:01:59 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
ArrestedDev wrote:
maka wrote:
maka wrote:
Spikes wrote:
Jibabe wrote:
http://www.businessdailyafrica.com/corporate/Kenya-Airways-CEO-to-stay-beyond-March-exit-date/539550-3850316-4wi8ue/index.html
Applause Applause Applause

I'm very fearful folks. Even the appointment of new CEO might be rejected by the bulls.Hii soko imeharibika.


Actually wanted to post this when I reported about the new info on the stealing that was taking place...smile


Plus its clear now that Mbugua was the main culprit almost everyone directly below him have been sent home...plus charges will be pressed.


Mbugua and Naikuni. The same with Ngunze and even the Marketing guy who just left. Naikuni passed the banton to Ngunze. The new hires sourced through a brief case HR firm recently is just anotherscandal with commisions to be paid continuously to Ngunze even after his exit.

William does not have experience running a main stream airline. The way he has handled Jambojet leaves alot of questions over his management ability. If there was any serious expertise within him then he could have helped out KQ when very stupid decisions were being taken by Ngunze. Someone with a wealth of experience cannot sit back while an inexperienced person is grounding an airline. The pilots only stood up. Hondious will NOT be the next KQ CEO.

Just the mention of William sends shock waves of bleeding to this stock. I see now. But MJ will not allow him to see light of the day in KQ's top position .
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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