@Ebenyo some things you say with evidence/justifcation

Some would wish that KQ prints KES 2 as per @spikes dreamy prophesy, but KES 8.5 is more likely.. We await the Open Offer price anxiously

With the veto powers KLM had and the expertise spanning hundreds of years in aviation management, they could have easily pointed out the management mistakes made by the executives in KQ.

It is very clear that they benefitted and still continue to benefit from the downfall of KQ.

Their shareholding in KQ ensures they have a market for aircrafts decommissioned from their fleet, sale of spare parts to KQ at inflated prices and so on.

Anyone supporting KLM does not understand the issues at hand.

Well at least those who don't know what the KLM positive impact on KQ means, does not include Michael Joseph https://citizentv.co.ke/...-of-jv-with-klm-147958/

Watch this speech by Chairman KQ from minute 11 to understand why KQ needs KLM and not the other way round

Stop blaming KLM for corruption, incompetencies and impunity inflicted on Kenyans by Kenyans. Those hedges are suspect. Back in 2011-12, after I attended a roadshow by KQ and then read Project Mawingu's (Rights) IM, it seemed too ambitious. That's when I decided to bail and take a loss on KQ.

I was burnt by Olympia, also run by a crook, and this looked very similar albeit much larger in scale. The Olympia CEO blamed everything and everyone but himself for a botched deal but my gut feeling is he did very well for himself.

Warren Buffett says if you do not trust the management [& can't change it] do not invest in the firm. Even after the debacle post-Rights for KQ, it took 5 years to (fully) change the management. Even if you can change the management, you do not know the real rot inside. Even after Naikuni left, there was his co-pilot Mbugua. Then add all those in various positions who thrived under Naikuni and Mbugua.

It took Joseph and Mikosz (hired by MJ) as complete outsiders to clean the Aegean Stables!

Anyway, that's all history... Learn from it. Good luck with KQ. I hope it becomes investable sooner than later but I am sitting this out in favor of many other firms on the NSE.

There are underlying issues which MJ cannot say before the media. This is a wise man who knows how to handle the media.

You basically do not understand the underlying issues. This is a complex matter for you given that you also failed to see the blunders that Ngunze committed.

Where does ET/SAA get the support for their B737. MJ cannot publicly rebuke KLM/ point out the underlying issues. He knows there are issues with it.

Why was Seabury consulting commissioned to look into it?

Why did he traveled to Amsterdam for discussion around the JV with KLM CEO immediately he took over?

I am basically arguing with a real 'wanjiku' here. KLM knew that people in KQ are incompetent and went ahead to take advantage of the situation instead of taking corrective measures so that the performance of the Airline improves but they never did anything. They instead used the opportunity to amend the agreement to favour them. Alex and Naikuni were made to sign the amended agreement without being to the board.

They had a role to play and hence cannot escape scrutiny.

The executives in KLM saw it coming boss, If we can easily point out the blunders here on the forum what about experienced executives running one of the oldest airline in the world?

KLM benefited and they continue to benefit from the mess that KQ found itself in. Alex & Naikuni being at the helm of KQ was a big mistake so to Ngunze. Little brains were left to mess an Airline which had been sorted out by Brian.

I am not alone. Read the excerpts from the Seabury report. KLM knew all along people in KQ does not understand how the JV works and they never took time to explain to them. Representatives from KQ went to meetings with KLM representatives totally unprepared, these must have been the concubines appointed by Ngunze.

At the board level, the executive directors e.g. CEO & Finance Director are the only ones who really understands the issues given the previous Chairmen did not have track records holding executive positions in the Corporate sector like that of Michael Joseph.

Look at the interview MJ gave to Ali Khan Satchu, who else have ever done this among the former board chairs of KQ. They did not understand how things happened in the Co. Alex and Naikuni were the only ones lying to us through the media all the time and by extension Ngunze. It is clear to me that MJ is being careful with words while responding to the question on KLM. He understands the underlying issues and he cannot call out just like that in the media.

Only those who read between the lines can comprehend these things. It is not for 'wanjiku', not easy at all to digest.

See below editorial from the Standard published today.


https://www.standardmedi...o-keep-kq-high-in-skies

Evanson Mwaniki as well as Dennis Awori are not mediocre fellows as you want to insinuate.. Who is the Chair of Safaricom and how many interviews has he given? What about Munga at EQTY or Ngeny of KCB.. Appearing weekly on the screens doesn't necessarily mean that the company is better managed

Which track record of every day management of a Co. does Mwaniki and Awori have? Just being in the board?

The late Reuben Marambii of NBK is better than the above fellows you are referring to. You are glorifying characters who allowed shaddy deals to go on. Characters who were appointed because they have the political connections and hence can influence the likes of Toyota to get government contracts? We know these issues.

I need people like Oduor Otieno of KCB.Someone who left a consistent track record of performance.