Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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VituVingiSana wrote:maka wrote:Chaka wrote:Conflict of interest? Ericsson wrote:Kq seeks to run JKIA for a minimum 30 years as part of its turnaround efforts. Its chairman has said No conflict of interest hapo... Yes, there is a conflict. Look at how GoK is forcing importers to use the SGR instead of trucks. What if KQ-JKIA decides to: 1) Not allocate decent landing/take-off slots to competitors eg Emirates 2) Not improve the terminals the competition uses 3) Charges higher fees to the competition 4) Parking closer to Terminals 1B, 1C etc is not as good/convenient as 1A 5) The provision of ground equipment benefits KQ/Skyteam None of the above has to be overt. It's covert. Wakichimba tunachimba
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:VituVingiSana wrote:maka wrote:Chaka wrote:Conflict of interest? Ericsson wrote:Kq seeks to run JKIA for a minimum 30 years as part of its turnaround efforts. Its chairman has said No conflict of interest hapo... Yes, there is a conflict. Look at how GoK is forcing importers to use the SGR instead of trucks. What if KQ-JKIA decides to: 1) Not allocate decent landing/take-off slots to competitors eg Emirates 2) Not improve the terminals the competition uses 3) Charges higher fees to the competition 4) Parking closer to Terminals 1B, 1C etc is not as good/convenient as 1A 5) The provision of ground equipment benefits KQ/Skyteam None of the above has to be overt. It's covert. Wakichimba tunachimba They wouldn't dare do that for a very simple reason when you fly to those countries they would easily do the same or worse... There are guidelines to follow when it comes to such things esp costs when it comes to different airports/region s... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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maka wrote:obiero wrote:VituVingiSana wrote:maka wrote:Chaka wrote:Conflict of interest? Ericsson wrote:Kq seeks to run JKIA for a minimum 30 years as part of its turnaround efforts. Its chairman has said No conflict of interest hapo... Yes, there is a conflict. Look at how GoK is forcing importers to use the SGR instead of trucks. What if KQ-JKIA decides to: 1) Not allocate decent landing/take-off slots to competitors eg Emirates 2) Not improve the terminals the competition uses 3) Charges higher fees to the competition 4) Parking closer to Terminals 1B, 1C etc is not as good/convenient as 1A 5) The provision of ground equipment benefits KQ/Skyteam None of the above has to be overt. It's covert. Wakichimba tunachimba They wouldn't dare do that for a very simple reason when you fly to those countries they would easily do the same or worse... There are guidelines to follow when it comes to such things esp costs when it comes to different airports/region s... Not necessarily. One, it would be covertly done. Furthermore, KQ can't compete with the ME carriers so penalizing them for their efficiency is the easy way to go. KQ only has flights to Dubai whereas Etihad and Qatar also serve NBO. Then there's TK, LH, etc. What about local guys with regional ambitions? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 6/13/2016 Posts: 47 Location: kenya
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KQ logic = We are making losses in our primary business which is flying, thus solution is to take up much more responsibility in an area we have little to no experience.
Like a couple who are having severe marriage issues deciding the solution is to have a big baby.
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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mikanjoroge wrote:KQ logic = We are making losses in our primary business which is flying, thus solution is to take up much more responsibility in an area we have little to no experience.
Like a couple who are having severe marriage issues deciding the solution is to have a big baby. Mikosz, Coste, Van and Michael Joseph are inexperienced?
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:mikanjoroge wrote:KQ logic = We are making losses in our primary business which is flying, thus solution is to take up much more responsibility in an area we have little to no experience.
Like a couple who are having severe marriage issues deciding the solution is to have a big baby. Mikosz, Coste, Van and Michael Joseph are inexperienced? If GOK demands all state officers to fly using kq the airline will be on upward trajectory Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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How can Government purport to discipline Accounting & Procurement Officers yet KQ management are freely enjoying their lives & wealth? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...9534-ycpbnbz/index.html
Kenya Airways is set to issue 142.1 million shares currently worth Sh1.4 billion to its staff for free, reinstating its suspended employee share ownership plan (Esop). The new shares have been created but are yet to be issued, with the Nairobi Securities Exchange-listed national carrier still working on rules to govern the scheme. “The formation of the scheme was approved at the extraordinary general meeting of the company held on August 7, 2017. Accordingly, the directors allotted 142,164,558 shares to the scheme for zero cash consideration,” the airline, known by its international code KQ, says in its latest annual report. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Kenya-Airways-staff-to-get-Sh1-4bn-shares-free/4003102-4609534-ycpbnbz/index.html
Kenya Airways is set to issue 142.1 million shares currently worth Sh1.4 billion to its staff for free, reinstating its suspended employee share ownership plan (Esop).
The new shares have been created but are yet to be issued, with the Nairobi Securities Exchange-listed national carrier still working on rules to govern the scheme.
“The formation of the scheme was approved at the extraordinary general meeting of the company held on August 7, 2017. Accordingly, the directors allotted 142,164,558 shares to the scheme for zero cash consideration,” the airline, known by its international code KQ, says in its latest annual report. #BendOver [though I do support employee ownership but in this case, should they be completely free? Folks do not value "free" things given to them] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Kenya-Airways-staff-to-get-Sh1-4bn-shares-free/4003102-4609534-ycpbnbz/index.html
Kenya Airways is set to issue 142.1 million shares currently worth Sh1.4 billion to its staff for free, reinstating its suspended employee share ownership plan (Esop).
The new shares have been created but are yet to be issued, with the Nairobi Securities Exchange-listed national carrier still working on rules to govern the scheme.
“The formation of the scheme was approved at the extraordinary general meeting of the company held on August 7, 2017. Accordingly, the directors allotted 142,164,558 shares to the scheme for zero cash consideration,” the airline, known by its international code KQ, says in its latest annual report. #BendOver [though I do support employee ownership but in this case, should they be completely free? Folks do not value "free" things given to them] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Kenya-Airways-staff-to-get-Sh1-4bn-shares-free/4003102-4609534-ycpbnbz/index.html
Kenya Airways is set to issue 142.1 million shares currently worth Sh1.4 billion to its staff for free, reinstating its suspended employee share ownership plan (Esop).
The new shares have been created but are yet to be issued, with the Nairobi Securities Exchange-listed national carrier still working on rules to govern the scheme.
“The formation of the scheme was approved at the extraordinary general meeting of the company held on August 7, 2017. Accordingly, the directors allotted 142,164,558 shares to the scheme for zero cash consideration,” the airline, known by its international code KQ, says in its latest annual report. #BendOver [though I do support employee ownership but in this case, should they be completely free? Folks do not value "free" things given to 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: 13,509 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Kenya-Airways-staff-to-get-Sh1-4bn-shares-free/4003102-4609534-ycpbnbz/index.html
Kenya Airways is set to issue 142.1 million shares currently worth Sh1.4 billion to its staff for free, reinstating its suspended employee share ownership plan (Esop).
The new shares have been created but are yet to be issued, with the Nairobi Securities Exchange-listed national carrier still working on rules to govern the scheme.
“The formation of the scheme was approved at the extraordinary general meeting of the company held on August 7, 2017. Accordingly, the directors allotted 142,164,558 shares to the scheme for zero cash consideration,” the airline, known by its international code KQ, says in its latest annual report. #BendOver [though I do support employee ownership but in this case, should they be completely free? Folks do not value "free" things given to them] Those shares are very valuable especially since they have been offered at zero consideration
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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