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Kenya Airways...why ignore..
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sparkly
#12021 Posted : Thursday, March 28, 2019 6:42:02 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
"Sadly, KQ pays Railway Maintenance Levy for its jet fuel, yet this levy goes to support a sector seen as a competitor.


So do many Kenyans, some of whom have never seen the SGR smile
Life is short. Live passionately.
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Angelica _ann
#12022 Posted : Thursday, March 28, 2019 6:59:37 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
sparkly wrote:
Ericsson wrote:
"Sadly, KQ pays Railway Maintenance Levy for its jet fuel, yet this levy goes to support a sector seen as a competitor.


So do majority of Kenyans, some of whom have never seen the SGR smile


And they will never see Laughing out loudly Laughing out loudly Laughing out loudly
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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Ericsson
#12023 Posted : Thursday, March 28, 2019 8:27:45 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Kesho ni msema ukweli when we get to see FY results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#12024 Posted : Thursday, March 28, 2019 8:50:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
Ericsson wrote:
Kesho ni msema ukweli when we get to see FY results

Hayawi hayawi huwa.. Kamikaze.. KES 5.6B or less and I remain seated in the cockpit, ready to lift off to Canaan and in the opposite crush and burn..

KQ ABP 4.26
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  | | Edit by user: Thursday, March 28, 2019 8:52 PM | Reason: Not specified
VituVingiSana
#12025 Posted : Friday, March 29, 2019 12:32:27 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
"Old KQ" should be put into administration.
"New KQ" should take on the assets and staff it wants.


And how will old kq repay the sh.222bn debt

Do you think KQ in its current state can repay the net (assets-liabilities) loans it has taken on?


Yes it can with the right support and management
What does "support" mean?
Have you bought KQ shares?

It's not about buying KQ shares and no i haven't bought

Support e.g
government employees when travelling abroad and regionally to use kq.
Question: Should KQ match the fares offered by other airlines or should taxpayers pay a premium on KQ?
Remove corruption and inefficiencies mentioned they will be able to match
Government parastatals when ordering goods abroad that come via air,they use kq
Question: Should KQ match the fares offered by other airlines or should taxpayers pay a premium on KQ?
Responded above
Remove corruption and inefficiencies.
Agreed but that should not be limited to KQ
Inefficiencies here for example reduce the percentage of employee costs to total revenue.
What is GoK's or KAA's role here unless GoK freezes wages?
GOK corruption, KAA i didn't they need KAA role here
KAA/Gok reduce the levies it charges kq for using Airports
Should be a special concession just for KQ?
What about other Kenyan airlines eg Silverstone?
Can be dealt on an individual basis and another topic.But to answer you yes extend to other local airlines
If just for KQ vs across the board then what if other airports/countries retaliated eg LHR charged KQ more than it charges BA?
They already do that.
KGL charged KQ more than it charges RW?yes. The Rwandair ceo mentioned during Africa CEO forum in kigali early this week.
JHB charged KQ more than it charges SAA?
Yes.


Circular argument.
Start with removing corruption and inefficiencies that bedevil the entire country.
Read my post #11880

So do you have any skin in the game except an indirect ownership like I do via Treasury?
KQ revival if done in the right way will be for the betterment of the economy
[Are there any losses you would suffer if KQ was put into administration?]

As a taxpayer and supplying companies owed debt by KQ
The "New KQ" could achieve the same goal sooner. Dump the toxic staff. Keep useful assets. Keep the profitable & growth routes.


What about existing debt,who takes it up?
Stays with Old KQ. The creditors of Old KQ will own New KQ. Existing shareholders will likely be wiped out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, March 29, 2019 12:33 AM | Reason: Not specified
VituVingiSana
#12026 Posted : Friday, March 29, 2019 12:39:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Why Kenya Airways is not yet a strategic national resource
https://www.businessdail...46674-p4h38ez/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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tandich
#12027 Posted : Friday, March 29, 2019 1:39:18 AM
Rank: Member

Joined: 5/6/2008
Posts: 199
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obiero
#12028 Posted : Friday, March 29, 2019 6:20:53 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
tandich wrote:
Auditors question viability of KQ’s bid to manage JKIA

Case of the ex. They rarely will have anything positive to say https://www.businessdail...1306-15qnnfvz/index.html

KQ ABP 4.26
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snifadog
#12029 Posted : Friday, March 29, 2019 10:17:17 AM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
Were the KQ results not being announced this week Wednesday according to posts on this forum? or is it something is taking longer to cook ?
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Ericsson
#12030 Posted : Friday, March 29, 2019 11:04:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
obiero wrote:
maka wrote:
Ericsson wrote:
ArrestedDev wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
ArrestedDev wrote:
littledove wrote:
https://www.nation.co.ke/news/Mikosz--After-two-years-at--helm--KQ-financial-has-improved/1056-5038998-l9dnwiz/index.html

Kenya Airways chief executive Sebastian Mikosz answers your questions.


Agree that pax and cargo uplift is up but not enough to pull it out of the loss position.

Finance costs are massively down thanks to the restructuring. Let's wait for the results which should be ought Wednesday this week. My forecast remains loss before tax of KES 5.6B


Is it Wednesday Tomorrow ??

Yes


Net loss still very significant. Mikosz already expressed his frustration on this.

2019 figures still be not palatable at all as fleet ownership and maintenance costs will rise with the return of the B777.


Results ziko wapi @ArrestedDev and Obiero


Obiero fake news.... Was at Pride jana and today.... Nothing of the sort is even being prepared for....


We saw you and the union guys so decided to do it on Friday morning at the Intercon


It has come to pass with no results announcement.
Maybe they have requested for extension
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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