Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but...  I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins
KQ ABP 4.26
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins For once i believe huyu ndugu @Obiero. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins for how long will is still be on life supporting machines Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:littledove wrote:https://www.nation.co.ke/news/JKIA-takeover-Govt-considers-other-options/1056-5063822-nkibxx/index.htmlThe CS told the MPs to look at the bigger picture and see KQ as a national entity that flies the country's flag abroad. “If you view Kenya Airways as just another corporate you lose the point. This is a body that carries our national flag. KQ is our country ... it goes beyond the balance sheet which most people look at,” he said. Mr Macharia further told the committee that the global aviation landscape has undergone rapid evolution yet Kenya lags behind. “The Kenyan aviation sector is facing challenges characterised by turbulence experienced by the national carrier as well as loss of business by the JKIA. The market situation has created the need for comprehensive restructuring covering not only Kenya Airways but the whole aviation sector,” he said. Macharia should stop taking kenyans for a ride. KQ won't do any infrastructure developments or upgrades at JKIA. Very true. KQ can't generate enough funds for operations. How will they make money for capital investments? It's like handing over Bamburi assets to ARM with a promise that ARM will improve the efficiency of those assets. But, but... I like your analogy. EAPCC and ARM should merge. They are both dying. They might as well die in each other's arms. I still say that the "Old KQ" needs to be put into administration and a "New KQ" carved out that doesn't have the baggage of the Old KQ. The New KQ would be owned by the creditors of Old KQ. The current shareholders including GoK would be wiped out but Old KQ is already a dead man walking. GoK will be forced to make good on the forced/coerced Debt-to-Equity conversion for KQLC. Meanwhile when are the FY results being released Let the blind see and the deaf hear.. Hii JKIA tunaichukua, mchana tena The more this deal is explained, the more convoluted it sounds. Kosgei says that without KQ, KAA will die. That can't be right. It is the absolute truth. Glad the Chairman is now in our pocket. His initial language was very unsettling but now with 'directions' issued, within three weeks we proceed to negotiate nip and cut And prepare to bury KQ and JKIA KQ will outlive you and I plus our next of kins for how long will is still be on life supporting machines If you read the national assembly speaker ruling dated 24.03.2019 you would not ask that question
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kenya Airways loses KSh202 million every month to its Boeing 777Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the executive admitted that the purchase of the long-range aircraft was a mistake. “We did a mistake with the 777 which are costing us lots of money and trouble today, and I’m doing everything I can to get rid of those aircrafts….” said Mr. Sebastian to the parliamentarians in charge of the Transport, Public Works and Housing. The planes were bought in the early 2000s from Boeing as part of the airline’s expansion plan. In 2016, KQ sold two B777 airplanes to a US airline company and leased the remaining fleet to Turkish airlines. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Ericsson wrote:Kenya Airways loses KSh202 million every month to its Boeing 777
Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the executive admitted that the purchase of the long-range aircraft was a mistake.
“We did a mistake with the 777 which are costing us lots of money and trouble today, and I’m doing everything I can to get rid of those aircrafts….” said Mr. Sebastian to the parliamentarians in charge of the Transport, Public Works and Housing.
The planes were bought in the early 2000s from Boeing as part of the airline’s expansion plan. In 2016, KQ sold two B777 airplanes to a US airline company and leased the remaining fleet to Turkish airlines. The last paragraph is wrong. The reporter is mixing up the -200ER which are now all disposed and the -300ER sub-leased to Turkish at a lower price than the actual lease cost KQ pays owners. Mikosz contradicts himself on this again. He initially stated the -300ER will return to the fleet and won’t be sold.
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