They are part of the problem. I have always maintained that they are giving KQ a raw deal. This is the reason why MJ is heading to AMS to renegotiate the JV.
If KLM meant well enough for KQ, they should have never let Ngunze to sell the slot and allowed Naikuni to register SPVs.
Naikuni was appointed to the board of RVR to manage SPVs for the Egyptian firm with a stake in the later. They procured a world bank loan in the guise of upgrading services/ new locomotives but ended up buying used one and refurbished at a cost equivalent to the market prices of new ones. They are under investigation by World Bank but they are now looking to sell the stake after minting billions.
It is exactly what Naikuni did in KQ. Loans single sourced in the name of fleet modernisation and Project mawingu and then high cost of repayments to factor in credits to few individuals via SPVs.
http://www.standardmedia...-of-world-bank-billions