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Kenya Airways...why ignore..
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Ericsson
#14981 Posted : Sunday, July 05, 2020 12:02:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
ArrestedDev wrote:
peep wrote:
Before the state buyout, they should return our shares that were wiped out last year by over 70%.
After the buyout, the new owner should:
1. Sack everyone (especially the pilots) then recruit afresh at much lower rates. There's a glut of airline staff in the world now
2. Ban all new recruits from membership to unions
3. Cancel all the deals with the SPVs sitting in between KQ and Boeing. These leaches are draining the airline. I hear that they are not at the Boeing HQ, but here with us.
4. Review fuel contracts



Nothing will change. Staff are not to blame. The management is to blame. Even the new CEO is as clueless as one can imagine. He is holding brief for the cartels. They will now have the space to loot very well once it is a fully government entity.

KQ is done and dusted. This thread should be closed.


Waiting for Obiero to do the last rites
Wealth is built through a relatively simple equation
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Zichi
#14982 Posted : Sunday, July 05, 2020 2:42:41 PM
Rank: New-farer

Joined: 5/24/2017
Posts: 44
peep wrote:
Before the state buyout, they should return our shares that were wiped out last year by over 70%.
After the buyout, the new owner should:
1. Sack everyone (especially the pilots) then recruit afresh at much lower rates. There's a glut of airline staff in the world now
2. Ban all new recruits from membership to unions
3. Cancel all the deals with the SPVs sitting in between KQ and Boeing. These leaches are draining the airline. I hear that they are not at the Boeing HQ, but here with us.
4. Review fuel contracts



KQ's problems have never been about the staff. Even if you paid evergone 100 dollars it will still make a loss. According to their last report staff costs are less than 15% of their cost structure.
Kenya is not Ethiopia, you cannot ban a worker from being unionised.
The SPVs unfortunately can not be cancelled without great cost-maybe renegotiated. The new KQ will still need to lease and buy aircraft and thus cannot mess up its reputation internationally.
Fuel contracts issues were sorted during the latter reign of Mbuvi
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Zichi
#14983 Posted : Sunday, July 05, 2020 2:45:14 PM
Rank: New-farer

Joined: 5/24/2017
Posts: 44
@Maka, how many staff is the management looking ro let go?
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obiero
#14984 Posted : Sunday, July 05, 2020 3:19:48 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
Zichi wrote:
peep wrote:
Before the state buyout, they should return our shares that were wiped out last year by over 70%.
After the buyout, the new owner should:
1. Sack everyone (especially the pilots) then recruit afresh at much lower rates. There's a glut of airline staff in the world now
2. Ban all new recruits from membership to unions
3. Cancel all the deals with the SPVs sitting in between KQ and Boeing. These leaches are draining the airline. I hear that they are not at the Boeing HQ, but here with us.
4. Review fuel contracts



KQ's problems have never been about the staff. Even if you paid evergone 100 dollars it will still make a loss. According to their last report staff costs are less than 15% of their cost structure.
Kenya is not Ethiopia, you cannot ban a worker from being unionised.
The SPVs unfortunately can not be cancelled without great cost-maybe renegotiated. The new KQ will still need to lease and buy aircraft and thus cannot mess up its reputation internationally.
Fuel contracts issues were sorted during the latter reign of Mbuvi

Staff costs doesn't relate only to the payslip but on actions by the staff that lead to increased cost, here we refer to HOTAC, poor OTP and flagrant theft by servant on dubious hedging strategy, illogical bank pricing on facilities, ticketing schemes.. Senate did a report on this, led by Prof Nyongo. And don't get me wrong, there are good KQ staff, but they are not the majority. The corporate culture there is tilted towards self enrichment. KQ the company, should ideally be a profitable firm, very easily..
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  | | Edit by user: Sunday, July 05, 2020 3:25 PM | Reason: Not specified
Mike Ock
#14985 Posted : Sunday, July 05, 2020 10:18:33 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
I know people are very invested here, but let's be honest with ourselves: Kenya Airways deserves to close, and GoK needs to leave the airline business alone. Why a government needs a national airline carrier is just beyond me!
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obiero
#14986 Posted : Monday, July 06, 2020 5:35:52 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
Mike Ock wrote:
I know people are very invested here, but let's be honest with ourselves: Kenya Airways deserves to close, and GoK needs to leave the airline business alone. Why a government needs a national airline carrier is just beyond me!

Watch this video to understand the why

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Ericsson
#14987 Posted : Monday, July 06, 2020 7:30:09 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
KLM exiting KQ even as a technical partner means KQ goes back to the drawing board on how to acquire landing slots in London Heathrow, Schipol airport in Amsterdam and Charles De Gaulle in Paris,France.
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Ericsson
#14988 Posted : Monday, July 06, 2020 7:33:15 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Zichi wrote:
@Maka, how many staff is the management looking ro let go?


According to the star 182 pilots and over 400 cabin crew
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Wealth=Income + Investments - Lifestyle
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VituVingiSana
#14989 Posted : Monday, July 06, 2020 7:50:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Ericsson wrote:
KLM exiting KQ even as a technical partner means KQ goes back to the drawing board on how to acquire landing slots in London Heathrow, Schipol airport in Amsterdam and Charles De Gaulle in Paris,France.
KQ sold its PRIME spots in LHR. d'oh! Liar Shame on you
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mike Ock
#14990 Posted : Monday, July 06, 2020 9:56:02 AM
Rank: Member

Joined: 1/22/2015
Posts: 682
obiero wrote:
Mike Ock wrote:
I know people are very invested here, but let's be honest with ourselves: Kenya Airways deserves to close, and GoK needs to leave the airline business alone. Why a government needs a national airline carrier is just beyond me!

Watch this video to understand the why


A private group of investors could still come through and make a Kenyan airline. And if a Kenyan airline proves unsustainable, we'll just use the international ones!
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