Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
gazeti ya kufunga nyama wrote:Tuesday February 19, 2019 - The National Assembly’s Public Investments Committee has revealed that Kenya Airways is still in a financial mess despite appointing a new board last year.
Addressing the Press on Tuesday, Mvita MP, Abdulswamad Shariff, who is a committee member, said that they were shocked to learn that State operatives and cartels are still running the show at Kenya Airways.
Sharrif said they learnt that KQ has 28 planes that are in operation but only three of them are owned by KQ - The rest are owned by senior Government officials and rogue businessmen in Kenya
The MP said they have summoned Kenya Airways CEO, Sebastian Mikosz, and chairman, Michael Joseph, to tell Kenyans who are the real owners of the 25 planes that are hired by KQ.
“We need to know these people because they are the cartels that are making the company go into losses. I hear they were former Government officials but Kenyans deserve to know them,” Shariff said.
|
|
|
Rank: New-farer Joined: 1/15/2019 Posts: 31
|
This is so annoying. Why don’t airport companies find some other way to fight for their rights. In this way they are only making us more reluctant to use air services and secure our trip by using some other means of transportation, if possible
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Beler wrote:This is so annoying. Why don’t airport companies find some other way to fight for their rights. In this way they are only making us more reluctant to use air services and secure our trip by using some other means of transportation, if possible This is kenya where kunyakua and nyakua is the order of the day Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
Ericsson wrote:Beler wrote:This is so annoying. Why don’t airport companies find some other way to fight for their rights. In this way they are only making us more reluctant to use air services and secure our trip by using some other means of transportation, if possible This is kenya where kunyakua and nyakua is the order of the day I believe the planes were leased/acquired through loans. Planes are not cheap and don’t see the reason why an individual can take a loan to purchase and lease to KQ. When a plane is acquired wholly through a loan from a bank, a SPV is registered and ownership of the plane is transferred to the SPV. When the loan is fully paid up by the Airline then ownership/ title is now handed over to the Airline. It is complex finance area and laymen cannot understand. The Mpigs are being used by the owners of Gulf oil, the company who lost out on the jet fuel contract.
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
Zichi wrote:Zichi wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:hardwood wrote:Which one do they have? Aviation Insurance wrote:Aviation insurance is a cover that is geared specifically towards the operation of an aircraft. This policy is distinctly different from policies applied to the other areas of transportation and Aviation insurance is divided into several types of covers:
Public liability insurance
Often referred to as ‘third party liability’, this insurance policy covers the owner of the aircraft for damage done to third party property like cars, farms, buildings. However, it does not cover the damage done to the insured aircraft or for passengers on the aircraft mentioned above.
Passenger liability insurance
This policy, always sold on a ‘per-seat’ basis, covers the passengers in the insured aircraft in the case of an accident or incident that would harm the passengers.
Combined Single Limit (CSL)
This policy is simply a combination of the public liability cover and the passenger liability cover with a single overall limit per accident. This cover provides more flexibility in paying claims for liability, especially if the passengers in the insured aircraft are injured, but there is some damage done to third party property on the ground
Ground risk hull insurance – not in motion.
This policy covers the insured aircraft against damage when it is on the ground and not in motion. In
instances like vandalism, floods, theft.
Ground risk hull insurance – in motion (taxiing)
This policy is almost similar to the ground risk hull insurance not in motion, only that this policy only covers the aircraft while it’s taxiing but not while landing or taking off.
In-flight insurance
The in-flight policy covers the insured aircraft against damage during all phases of the ground and flight operations, this is inclusive of when the insured aircraft is in storage or parking. Naturally, this policy is more expensive than ‘not-in-motion’ policy since most damages happen to the aircrafts while in motion. Give it time we will know.... There must be some sort of insurance. Several risks are always involved during maintenance. One Airbus belonging to Qatar Airways burnt due to a fire during maintenance few months ago. KQ has one dreamliner stuck in TZ.... Apparently the engine caught fire on its way to SA... The things you never hear about... Crew did emergency landing in TZ? For how long now has it been there? Yep still there as we speak.... A week now.... I hope flights disruption does not occur any time soon. Are the E190s being worked on or still parked? Wazua leads others follow.... 😊 https://www.theeastafric...asAMP-wd4b64/index.html
The fat guy knows how to craft responses. I hope the operations does not get messed up and hopefully the repairs commences ASAP. The B787 engine must still be under warranty and GE might pay compensation to KQ. The 787 should be back in service in the course of the week. A spare engine core was flown to Dar yesterday for replacement. The affected one will be flown to boeing for analysis. As for the Embraers, KCAA has to finish their investigations before work is done on them. A few guys from Embraer and the insurance have been seen around assessing the damage. ...and, the affected Embraer flights have been reassigned to the 73 fleet, and the some direct ones recombined. The good thing is that this is the low season, so not much disruption will happen That’s brilliant. How is the Mogadishu flight doing?
|
|
|
Rank: New-farer Joined: 5/24/2017 Posts: 44
|
ArrestedDev wrote:Zichi wrote:Zichi wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:hardwood wrote:Which one do they have? Aviation Insurance wrote:Aviation insurance is a cover that is geared specifically towards the operation of an aircraft. This policy is distinctly different from policies applied to the other areas of transportation and Aviation insurance is divided into several types of covers:
Public liability insurance
Often referred to as ‘third party liability’, this insurance policy covers the owner of the aircraft for damage done to third party property like cars, farms, buildings. However, it does not cover the damage done to the insured aircraft or for passengers on the aircraft mentioned above.
Passenger liability insurance
This policy, always sold on a ‘per-seat’ basis, covers the passengers in the insured aircraft in the case of an accident or incident that would harm the passengers.
Combined Single Limit (CSL)
This policy is simply a combination of the public liability cover and the passenger liability cover with a single overall limit per accident. This cover provides more flexibility in paying claims for liability, especially if the passengers in the insured aircraft are injured, but there is some damage done to third party property on the ground
Ground risk hull insurance – not in motion.
This policy covers the insured aircraft against damage when it is on the ground and not in motion. In
instances like vandalism, floods, theft.
Ground risk hull insurance – in motion (taxiing)
This policy is almost similar to the ground risk hull insurance not in motion, only that this policy only covers the aircraft while it’s taxiing but not while landing or taking off.
In-flight insurance
The in-flight policy covers the insured aircraft against damage during all phases of the ground and flight operations, this is inclusive of when the insured aircraft is in storage or parking. Naturally, this policy is more expensive than ‘not-in-motion’ policy since most damages happen to the aircrafts while in motion. Give it time we will know.... There must be some sort of insurance. Several risks are always involved during maintenance. One Airbus belonging to Qatar Airways burnt due to a fire during maintenance few months ago. KQ has one dreamliner stuck in TZ.... Apparently the engine caught fire on its way to SA... The things you never hear about... Crew did emergency landing in TZ? For how long now has it been there? Yep still there as we speak.... A week now.... I hope flights disruption does not occur any time soon. Are the E190s being worked on or still parked? Wazua leads others follow.... 😊 https://www.theeastafric...asAMP-wd4b64/index.html
The fat guy knows how to craft responses. I hope the operations does not get messed up and hopefully the repairs commences ASAP. The B787 engine must still be under warranty and GE might pay compensation to KQ. The 787 should be back in service in the course of the week. A spare engine core was flown to Dar yesterday for replacement. The affected one will be flown to boeing for analysis. As for the Embraers, KCAA has to finish their investigations before work is done on them. A few guys from Embraer and the insurance have been seen around assessing the damage. ...and, the affected Embraer flights have been reassigned to the 73 fleet, and the some direct ones recombined. The good thing is that this is the low season, so not much disruption will happen That’s brilliant. How is the Mogadishu flight doing? Mogadishu is doing well...heard the ERJ is becoming small for the route. They may have to get a bigger plane (nothing concrete though, just rumours)
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
Zichi wrote:ArrestedDev wrote:Zichi wrote:Zichi wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:hardwood wrote:Which one do they have? Aviation Insurance wrote:Aviation insurance is a cover that is geared specifically towards the operation of an aircraft. This policy is distinctly different from policies applied to the other areas of transportation and Aviation insurance is divided into several types of covers:
Public liability insurance
Often referred to as ‘third party liability’, this insurance policy covers the owner of the aircraft for damage done to third party property like cars, farms, buildings. However, it does not cover the damage done to the insured aircraft or for passengers on the aircraft mentioned above.
Passenger liability insurance
This policy, always sold on a ‘per-seat’ basis, covers the passengers in the insured aircraft in the case of an accident or incident that would harm the passengers.
Combined Single Limit (CSL)
This policy is simply a combination of the public liability cover and the passenger liability cover with a single overall limit per accident. This cover provides more flexibility in paying claims for liability, especially if the passengers in the insured aircraft are injured, but there is some damage done to third party property on the ground
Ground risk hull insurance – not in motion.
This policy covers the insured aircraft against damage when it is on the ground and not in motion. In
instances like vandalism, floods, theft.
Ground risk hull insurance – in motion (taxiing)
This policy is almost similar to the ground risk hull insurance not in motion, only that this policy only covers the aircraft while it’s taxiing but not while landing or taking off.
In-flight insurance
The in-flight policy covers the insured aircraft against damage during all phases of the ground and flight operations, this is inclusive of when the insured aircraft is in storage or parking. Naturally, this policy is more expensive than ‘not-in-motion’ policy since most damages happen to the aircrafts while in motion. Give it time we will know.... There must be some sort of insurance. Several risks are always involved during maintenance. One Airbus belonging to Qatar Airways burnt due to a fire during maintenance few months ago. KQ has one dreamliner stuck in TZ.... Apparently the engine caught fire on its way to SA... The things you never hear about... Crew did emergency landing in TZ? For how long now has it been there? Yep still there as we speak.... A week now.... I hope flights disruption does not occur any time soon. Are the E190s being worked on or still parked? Wazua leads others follow.... 😊 https://www.theeastafric...asAMP-wd4b64/index.html
The fat guy knows how to craft responses. I hope the operations does not get messed up and hopefully the repairs commences ASAP. The B787 engine must still be under warranty and GE might pay compensation to KQ. The 787 should be back in service in the course of the week. A spare engine core was flown to Dar yesterday for replacement. The affected one will be flown to boeing for analysis. As for the Embraers, KCAA has to finish their investigations before work is done on them. A few guys from Embraer and the insurance have been seen around assessing the damage. ...and, the affected Embraer flights have been reassigned to the 73 fleet, and the some direct ones recombined. The good thing is that this is the low season, so not much disruption will happen That’s brilliant. How is the Mogadishu flight doing? Mogadishu is doing well...heard the ERJ is becoming small for the route. They may have to get a bigger plane (nothing concrete though, just rumours) Passenger numbers to climb up steadily in 2019. Revenue increase is the result. All courtesy of the fat man.
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
ArrestedDev wrote:Zichi wrote:ArrestedDev wrote:Zichi wrote:Zichi wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:hardwood wrote:Which one do they have? Aviation Insurance wrote:Aviation insurance is a cover that is geared specifically towards the operation of an aircraft. This policy is distinctly different from policies applied to the other areas of transportation and Aviation insurance is divided into several types of covers:
Public liability insurance
Often referred to as ‘third party liability’, this insurance policy covers the owner of the aircraft for damage done to third party property like cars, farms, buildings. However, it does not cover the damage done to the insured aircraft or for passengers on the aircraft mentioned above.
Passenger liability insurance
This policy, always sold on a ‘per-seat’ basis, covers the passengers in the insured aircraft in the case of an accident or incident that would harm the passengers.
Combined Single Limit (CSL)
This policy is simply a combination of the public liability cover and the passenger liability cover with a single overall limit per accident. This cover provides more flexibility in paying claims for liability, especially if the passengers in the insured aircraft are injured, but there is some damage done to third party property on the ground
Ground risk hull insurance – not in motion.
This policy covers the insured aircraft against damage when it is on the ground and not in motion. In
instances like vandalism, floods, theft.
Ground risk hull insurance – in motion (taxiing)
This policy is almost similar to the ground risk hull insurance not in motion, only that this policy only covers the aircraft while it’s taxiing but not while landing or taking off.
In-flight insurance
The in-flight policy covers the insured aircraft against damage during all phases of the ground and flight operations, this is inclusive of when the insured aircraft is in storage or parking. Naturally, this policy is more expensive than ‘not-in-motion’ policy since most damages happen to the aircrafts while in motion. Give it time we will know.... There must be some sort of insurance. Several risks are always involved during maintenance. One Airbus belonging to Qatar Airways burnt due to a fire during maintenance few months ago. KQ has one dreamliner stuck in TZ.... Apparently the engine caught fire on its way to SA... The things you never hear about... Crew did emergency landing in TZ? For how long now has it been there? Yep still there as we speak.... A week now.... I hope flights disruption does not occur any time soon. Are the E190s being worked on or still parked? Wazua leads others follow.... 😊 https://www.theeastafric...asAMP-wd4b64/index.html
The fat guy knows how to craft responses. I hope the operations does not get messed up and hopefully the repairs commences ASAP. The B787 engine must still be under warranty and GE might pay compensation to KQ. The 787 should be back in service in the course of the week. A spare engine core was flown to Dar yesterday for replacement. The affected one will be flown to boeing for analysis. As for the Embraers, KCAA has to finish their investigations before work is done on them. A few guys from Embraer and the insurance have been seen around assessing the damage. ...and, the affected Embraer flights have been reassigned to the 73 fleet, and the some direct ones recombined. The good thing is that this is the low season, so not much disruption will happen That’s brilliant. How is the Mogadishu flight doing? Mogadishu is doing well...heard the ERJ is becoming small for the route. They may have to get a bigger plane (nothing concrete though, just rumours) Passenger numbers to climb up steadily in 2019. Revenue increase is the result. All courtesy of the fat man. Results ndizo kusema ukweli...Just around the corner... 😊 possunt quia posse videntur
|
|
|
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
|
maka wrote:ArrestedDev wrote:Zichi wrote:ArrestedDev wrote:Zichi wrote:Zichi wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:ArrestedDev wrote:maka wrote:hardwood wrote:Which one do they have? Aviation Insurance wrote:Aviation insurance is a cover that is geared specifically towards the operation of an aircraft. This policy is distinctly different from policies applied to the other areas of transportation and Aviation insurance is divided into several types of covers:
Public liability insurance
Often referred to as ‘third party liability’, this insurance policy covers the owner of the aircraft for damage done to third party property like cars, farms, buildings. However, it does not cover the damage done to the insured aircraft or for passengers on the aircraft mentioned above.
Passenger liability insurance
This policy, always sold on a ‘per-seat’ basis, covers the passengers in the insured aircraft in the case of an accident or incident that would harm the passengers.
Combined Single Limit (CSL)
This policy is simply a combination of the public liability cover and the passenger liability cover with a single overall limit per accident. This cover provides more flexibility in paying claims for liability, especially if the passengers in the insured aircraft are injured, but there is some damage done to third party property on the ground
Ground risk hull insurance – not in motion.
This policy covers the insured aircraft against damage when it is on the ground and not in motion. In
instances like vandalism, floods, theft.
Ground risk hull insurance – in motion (taxiing)
This policy is almost similar to the ground risk hull insurance not in motion, only that this policy only covers the aircraft while it’s taxiing but not while landing or taking off.
In-flight insurance
The in-flight policy covers the insured aircraft against damage during all phases of the ground and flight operations, this is inclusive of when the insured aircraft is in storage or parking. Naturally, this policy is more expensive than ‘not-in-motion’ policy since most damages happen to the aircrafts while in motion. Give it time we will know.... There must be some sort of insurance. Several risks are always involved during maintenance. One Airbus belonging to Qatar Airways burnt due to a fire during maintenance few months ago. KQ has one dreamliner stuck in TZ.... Apparently the engine caught fire on its way to SA... The things you never hear about... Crew did emergency landing in TZ? For how long now has it been there? Yep still there as we speak.... A week now.... I hope flights disruption does not occur any time soon. Are the E190s being worked on or still parked? Wazua leads others follow.... 😊 https://www.theeastafric...asAMP-wd4b64/index.html
The fat guy knows how to craft responses. I hope the operations does not get messed up and hopefully the repairs commences ASAP. The B787 engine must still be under warranty and GE might pay compensation to KQ. The 787 should be back in service in the course of the week. A spare engine core was flown to Dar yesterday for replacement. The affected one will be flown to boeing for analysis. As for the Embraers, KCAA has to finish their investigations before work is done on them. A few guys from Embraer and the insurance have been seen around assessing the damage. ...and, the affected Embraer flights have been reassigned to the 73 fleet, and the some direct ones recombined. The good thing is that this is the low season, so not much disruption will happen That’s brilliant. How is the Mogadishu flight doing? Mogadishu is doing well...heard the ERJ is becoming small for the route. They may have to get a bigger plane (nothing concrete though, just rumours) Passenger numbers to climb up steadily in 2019. Revenue increase is the result. All courtesy of the fat man. Results ndizo kusema ukweli...Just around the corner... 😊 2018 results is a loss made worse by increased fuel cost, new destinations, etc. People know this already including the Mpigs on the story you posted.
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Increased fuel costs? possunt quia posse videntur
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Airways...why ignore..
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|