obiero wrote:Ericsson wrote:mamilli wrote:obiero wrote:the deal wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/KQ-sells-two-planes-in-bid-to-shore-up-its-finances/4003102-4127694-k4bu15z/index.html
KQ sells two planes in bid to shore up its finances
Aikona! The biggest losers in this saga apart from the already shafted Kenyan Government & KQ shareholders will be the banksters... asset stripping... somebody gotta be in jail for the f**k up that was project mawingu! KQ needs to delist...undergo liquidation... settle all its bills...GoK becomes 100% shareholder...KQ 2.O
Just my 2 Zim cents!
@thedeal you have missed the point on KQ. While I agree that some people need to go to jail, it's inconsiderate to imagine that GoK would liquidate it's national airline. Hii kitu haiweskani kufa, we may touch the lowest of lows in terms of share price but closing shop will not happen. Ask MSC, ask Uchumi.. One KQ aircraft engine could buy the entire FTG and leave change for part purchase of I&M
But elder,that one engine is owned by the banksters

how can KQ trade with what it does not own!
@Mamilli
You are right the engines are owned by the banksters.
Not the local/kenyan ones but JP Morgan,Citibank and Barclays Plc.
KQ can't sell them without their consent
Afro Exim is the only other KQ lender apart from local banks. Hao wengine labda unaongea kuhusu Savannah
@Obiero
Please go through KQ 2017 annual report page 154 where KQ owes
Barclays Bank Plc--Aircraft Loans of ksh.327mn
Citi/JP Morgan--Aircraft Loans of sh.71.649bn
Afrexim Bank--Aircraft Loans of sh.21.05bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle