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Kenya Airways...why ignore..
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sparkly
#11931 Posted : Wednesday, March 20, 2019 2:01:02 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
ArrestedDev wrote:
obiero wrote:
ArrestedDev wrote:
obiero wrote:
nairobby wrote:
[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]

I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure

The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation


What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held.

MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away.

The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork.

Fleet rationalization refers to optimization, choosing the best routes with highest RASK, not reduction. The alleged war between the board chair and CEO is a social media creation. They are both after JKIA, jointly


Fleet rationalisation and route optimisation are two different things.

There is nothing like media creation. Mikosz is very clearly that he doesn’t know a way out to pull KQ out of the mess it is in.

MJ reiterates that recovery will be very slow.

Mikosz doesn’t know how to hide it. He has seen the 2018 results. The state of the financial affairs is very bad.

KQ will recover. It's only a matter of when


Amen, even us Christians are waiting for Jesus to come back again.
Life is short. Live passionately.
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obiero
#11932 Posted : Wednesday, March 20, 2019 4:19:03 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
maka wrote:
KulaRaha wrote:
Ericsson wrote:
A kenyan can be sourced and at a cheaper package and he will do a wonderful job


Really? Which Kenyan CEO is doing an amazing job at a parastatal?


The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back...

Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁

KQ ABP 4.26
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maka
#11933 Posted : Wednesday, March 20, 2019 5:19:09 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
KulaRaha wrote:
Ericsson wrote:
A kenyan can be sourced and at a cheaper package and he will do a wonderful job


Really? Which Kenyan CEO is doing an amazing job at a parastatal?


The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back...

Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁



Sebastian was never the right person for the job nothing with him being white.... He has brought zero input...Just eating a lot and wasting our cash....
possunt quia posse videntur
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obiero
#11934 Posted : Wednesday, March 20, 2019 5:55:23 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
maka wrote:
obiero wrote:
maka wrote:
KulaRaha wrote:
Ericsson wrote:
A kenyan can be sourced and at a cheaper package and he will do a wonderful job


Really? Which Kenyan CEO is doing an amazing job at a parastatal?


The best guy for the job as I always say(said) was Yves... The cartels pushed him out... He was around the other day and said he should be back...

Why depend on one man.. What makes you think KALPA will welcome him with open arms. The debate has now turned racist and Kenyans appear to want a black CEO, like Bob Collymore 😁



Sebastian was never the right person for the job nothing with him being white.... He has brought zero input...Just eating a lot and wasting our cash....

All I want is for KQ to thrive. I will be OK if you even settle for the watchman at Lokichoggio to be his successor

KQ ABP 4.26
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Fyatu
#11935 Posted : Wednesday, March 20, 2019 9:14:34 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
I am not a sharehoder of KQ but would like to comment about the PPP document posted by @Obiero.

On page 6. of the document there are two graphs. One showing competition by other airlines for KQ at Nairobi hub(JKIA) and another showing competition for Ethiopian in Addis. The KQ graph on the left shows a steep rise in competition circa 2015-2016. I suspect the cause of this sharp rise in competition was a government policy to open airspace(reference needed). If this is the cause then government can write another policy revoking the other policy.

On page 8,of the document they list one of the benefits of the SPV as infrastructure upgrade. They further talk of runway efficiency without building a second runway. They also talk about building terminal 1E permanently and upgrading other terminals etc in page 10.

The question is,.....

is the government/KAA/ministry of transport not able to build infrastructure?

Who has been running JKIA if not GoK/KAA?

So if JKIA is fully owned by GOK and Bole in Addis is fully owned by govt. of Ethiopia, why do we need SPV when government and MPs can write policy/legislation to ensure all operations at JKIA are consolidated and airspace is skewed towards KQ's favour?Do we need SPV for this?

Where is the SPV going to get money to build terminals, runway and buy 20 planes?Is it going to be our taxes since the document states that the reasons Ethiopian, Rwandair and Air Tanzania are competing well is because their own hubs are owned by their governments/tax payers/wananinchi.

Is this document telling Kenyans that KQ proposes that government of Kenya takes over JKIA, buys out all shares of KQ so as KQ becomes 100% govt. owned like Air Tanzania?Do we need SPV to achieve this?
Dumb money becomes dumb only when it listens to smart money
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sparkly
#11936 Posted : Wednesday, March 20, 2019 9:45:36 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Fyatu wrote:
I am not a sharehoder of KQ but would like to comment about the PPP document posted by @Obiero.

On page 6. of the document there are two graphs. One showing competition by other airlines for KQ at Nairobi hub(JKIA) and another showing competition for Ethiopian in Addis. The KQ graph on the left shows a steep rise in competition circa 2015-2016. I suspect the cause of this sharp rise in competition was a government policy to open airspace(reference needed). If this is the cause then government can write another policy revoking the other policy.

On page 8,of the document they list one of the benefits of the SPV as infrastructure upgrade. They further talk of runway efficiency without building a second runway. They also talk about building terminal 1E permanently and upgrading other terminals etc in page 10.

The question is,.....

is the government/KAA/ministry of transport not able to build infrastructure?

Who has been running JKIA if not GoK/KAA?

So if JKIA is fully owned by GOK and Bole in Addis is fully owned by govt. of Ethiopia, why do we need SPV when government and MPs can write policy/legislation to ensure all operations at JKIA are consolidated and airspace is skewed towards KQ's favour?Do we need SPV for this?

Where is the SPV going to get money to build terminals, runway and buy 20 planes?Is it going to be our taxes since the document states that the reasons Ethiopian, Rwandair and Air Tanzania are competing well is because their own hubs are owned by their governments/tax payers/wananinchi.

Is this document telling Kenyans that KQ proposes that government of Kenya takes over JKIA, buys out all shares of KQ so as KQ becomes 100% govt. owned like Air Tanzania?Do we need SPV to achieve this?


My questions also.

Just the other day KQ was thumping its chest about new planes, new routes, rights issue, restructuring, selling land, starting shuttle, opening office at River Road, opening hotel etc

Now they want to take over and mismanage JKIA.

I reiterate, let KQ die. Another more innovative institution will arise therefrom just like Safaricom arose from Telkom. That institution might be Jambo Jet.
Life is short. Live passionately.
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VituVingiSana
#11937 Posted : Wednesday, March 20, 2019 9:58:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
nairobby wrote:
[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]

I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure

The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation

Bottomline: My kiosk mtaani makes more profit in one day that KQ has made in 6 years
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#11938 Posted : Wednesday, March 20, 2019 10:00:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
ArrestedDev wrote:
obiero wrote:
nairobby wrote:
[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]

I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure

The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation


What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held.

MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away.

The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork.

Cancel NYC flights? Laughing out loudly Laughing out loudly Laughing out loudly
After all the drama we were subjected to? d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#11939 Posted : Wednesday, March 20, 2019 10:04:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
VituVingiSana wrote:
ArrestedDev wrote:
obiero wrote:
nairobby wrote:
[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]

I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure

The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation


What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held.

MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away.

The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork.

Cancel NYC flights? Laughing out loudly Laughing out loudly Laughing out loudly
After all the drama we were subjected to? d'oh! d'oh! d'oh!

Hard drugs.. NYC will not be pulled out

KQ ABP 4.26
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obiero
#11940 Posted : Wednesday, March 20, 2019 10:07:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Fyatu wrote:
I am not a sharehoder of KQ but would like to comment about the PPP document posted by @Obiero.

On page 6. of the document there are two graphs. One showing competition by other airlines for KQ at Nairobi hub(JKIA) and another showing competition for Ethiopian in Addis. The KQ graph on the left shows a steep rise in competition circa 2015-2016. I suspect the cause of this sharp rise in competition was a government policy to open airspace(reference needed). If this is the cause then government can write another policy revoking the other policy.

On page 8,of the document they list one of the benefits of the SPV as infrastructure upgrade. They further talk of runway efficiency without building a second runway. They also talk about building terminal 1E permanently and upgrading other terminals etc in page 10.

The question is,.....

is the government/KAA/ministry of transport not able to build infrastructure?

Who has been running JKIA if not GoK/KAA?

So if JKIA is fully owned by GOK and Bole in Addis is fully owned by govt. of Ethiopia, why do we need SPV when government and MPs can write policy/legislation to ensure all operations at JKIA are consolidated and airspace is skewed towards KQ's favour?Do we need SPV for this?

Where is the SPV going to get money to build terminals, runway and buy 20 planes?Is it going to be our taxes since the document states that the reasons Ethiopian, Rwandair and Air Tanzania are competing well is because their own hubs are owned by their governments/tax payers/wananinchi.

Is this document telling Kenyans that KQ proposes that government of Kenya takes over JKIA, buys out all shares of KQ so as KQ becomes 100% govt. owned like Air Tanzania?Do we need SPV to achieve this?

@Fyatu the only profitable airports in Kenya are Wilson and JKIA.. That's why KQ needs JKIA whose success is likely to spur other airports into profitability.. GoK doesn't have any more funds to throw at KAA or KQ, thus the SPV

KQ ABP 4.26
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