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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path?
KQ ABP 4.26
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path? Which penalties when you are bankrupt. Uchumi was protected by the Court and recently KQ. Ngunze was not capable and that is why some stupid decisions were taken.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path? Which penalties when you are bankrupt. Uchumi was protected by the Court and recently KQ. Ngunze was not capable and that is why some stupid decisions were taken. KQ announcing bankruptcy would equate to GoK bankruptcy . Never was an option
KQ ABP 4.26
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path? Which penalties when you are bankrupt. Uchumi was protected by the Court and recently KQ. Ngunze was not capable and that is why some stupid decisions were taken. KQ announcing bankruptcy would equate to GoK bankruptcy . Never was an option Conversion of debt to equity is equally saying you are bankrupt.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path? arguing with @obiero about kqueer u end up being murkyied. as Obiero will always say, so, you see now where those reduced positive revenues landed kqueer. fixed overheads that were non-reduce-able such as expensive pilots costs went up, lost business to competitors, made billions in losses, hotac expenses went bursting, hedges got edgy and prickly, got diluted till lost taste of the pride of africa. actually, project mawingu had to learn to walk on ground coz now we are talking project safari. in between we several other prominent project grand scams passed by, now, we are being dusted ready for another round of bumpy ride and roasting. buckle up if you are not a non believer yet. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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muandiwambeu wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path? arguing with @obiero about kqueer u end up being murkyied. as Obiero will always say, so, you see now where those reduced positive revenues landed kqueer. fixed overheads that were non-reduce-able such as expensive pilots costs went up, lost business to competitors, made billions in losses, hotac expenses went bursting, hedges got edgy and prickly, got diluted till lost taste of the pride of africa. actually, project mawingu had to learn to walk on ground coz now we are talking project safari. in between we several other prominent project grand scams passed by, now, we are being dusted ready for another round of bumpy ride and roasting. buckle up if you are not a non believer yet. Guys are talking about the KQ of yester years.. The current KQ is one that is truly the Pride of Africa
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Saturdays are usually frustrating days for people like @obiero. next time i will be cautious not to take you seriously. was it after meeting the boys or thereafter. i have been through the process and i dread measuring value for money after being busy elsewhere. Anyway, Kundos and keep up! lakini hapa ni maombi inaitajika kwa wingi and honest ones from a servant of God. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:muandiwambeu wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:Kazi iendelee! Kenya Airways in Sh2.6bn plane sub-lease losses http://www.businessdaily...998-120ybwjz/index.html
KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes. Stale news @VVS. Must have been renegotiated recently as KLM was saying they still need to have a look if they are sustainable. TN, Mbugua and Ngunze's acts of omission and corruption. The media will never report anything positive on KQ.. They don't tell people that KQ has quartered down the loss on sub leases. We would be talking about KES 6B loss on the same, were it not for Ngunze Your last sentence is wrong. These equipment could have been generating revenue if they were utilised well within KQ. Large cargo pallets which can only be moved using a B777 generates substantial revenue. The leases should have been paid by the government.How much have been pumped into KQ since when the equipment were sub-leased? KQ was in no shape to retain the extra aircraft at that time.. Better reduced revenue accompanied with massive expense reductions The so called turnaround under Ngunze was rushed. It could have been easy to default on loans from the local banks. What was the need to keep repaying then in a few months ask them swap with equity. Penalties would have been insane. Are you suggesting that they should have failed to repay? Plus what would be the converted sum if they chose your suggested path? arguing with @obiero about kqueer u end up being murkyied. as Obiero will always say, so, you see now where those reduced positive revenues landed kqueer. fixed overheads that were non-reduce-able such as expensive pilots costs went up, lost business to competitors, made billions in losses, hotac expenses went bursting, hedges got edgy and prickly, got diluted till lost taste of the pride of africa. actually, project mawingu had to learn to walk on ground coz now we are talking project safari. in between we several other prominent project grand scams passed by, now, we are being dusted ready for another round of bumpy ride and roasting. buckle up if you are not a non believer yet. Guys are talking about the KQ of yester years.. The current KQ is one that is truly the Pride of Africa The pride of shame. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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KQ  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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