Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:littledove wrote:obiero wrote:majimaji wrote:[quote=VituVingiSana]Uganda in plans to relaunch national carrier, upgrade Entebbe airport http://www.theeastafrica...3756-nw4qwvz/index.html[/quote] I would advise the Ugandans to upgrade Entebbe but not relaunch their airline. Airlines lose money and wise governments leave that risk to private operators unless that government is very rich and the taxpayers don't mind. Seconded.. Uganda shall fail in the attempt. Running an airline isn't a simple thing. If Nigeria doesn't have one.. they can manage if only they avoid hedging and corruption KQ looking like one of the few bargain counters at the NSE KQ stock is the most expensive not only at NSE but also globally! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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Chinese airlines are in a hiring spree for foreign pilots and are willing to pay 50% more than what pilots are paid in USA. This is due to shortage of pilots in China. Chinese airlines require to hire like 100 pilots a week for the next 20 years. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Ericsson wrote:Chinese airlines are in a hiring spree for foreign pilots and are willing to pay 50% more than what pilots are paid in USA.
This is due to shortage of pilots in China.
Chinese airlines require to hire like 100 pilots a week for the next 20 years. How now?How many airlines are in china? How many aeroplanes do they have? How many pilots are alread there? Ama we are talking about the wazuans pilots? If so, where do I send my cv. @Masukuma, could you find some numbers for this? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Swenani wrote:Ericsson wrote:Chinese airlines are in a hiring spree for foreign pilots and are willing to pay 50% more than what pilots are paid in USA.
This is due to shortage of pilots in China.
Chinese airlines require to hire like 100 pilots a week for the next 20 years. How now?How many airlines are in china? How many aeroplanes do they have? How many pilots are alread there? Ama we are talking about the wazuans pilots? If so, where do I send my cv. @Masukuma, could you find some numbers for this? LOL
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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I await @masukuma to tabulate these stories with some Viusals 9VM) for easy comparison. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Impunity wrote:I await @masukuma to tabulate these stories with some Viusals 9VM) for easy comparison. Let this thread not be overrun by green section elders.. Mukome
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:ArrestedDev wrote:obiero wrote:@arresteddev only time will tell whether KQ shall sink further The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs. @Obiero what is the average tenor of their loans?How much are they owed? 13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years Which 2 banks refused? [Smart management] Kaburu banks Which banks have lent KQ money? Please list names and amounts. Asante. Why did the 2 Kaburu banks refuse? Have they been paid? Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs? Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle. They are NPLs but not hardcore Which IFRS/IAS standard deals with "Softcore NPLs"? What does Mr. Opus say re: KQ loans? Are the loans being serviced [even if interest-only]? According to CBK guidelines, if a loan is not serviced according to the terms of the agreement, for 3 months... the loan starts on the process to becoming a NPL. After 6 months, it is a 100% NPL loan. Furthermore, CBK's guidelines also state that if the Lender thinks the loan is going to go bad [even before the 6 months are up] the Lender has to move it to NPLs. Are these loans secured? If yes, with what assets? If they are unsecured, then based on the "Negative Liability" position, the CBK guidelines would lean towards NPLs. These are the questions Investors should ask. I am KK-damu but (sadly) I own 1/44,000,000 of 30% of KQ. Plus a share of the loans given to KQ. And on the hook for the guarantees. NPL grading is on CBK prudential guidelines not IFRS.. In Kenya, a loan has 5 core grade scores, with 1 being soft CBK guidelines are even tougher than IFRS. What is a "softcore" [say 1] grade? What does it mean? What does it entail? I would have broken it down but I do not have time.. Please visit www.centralbank.go.ke There is nothing like a "softcore" NPL... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:ArrestedDev wrote:obiero wrote:@arresteddev only time will tell whether KQ shall sink further The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs. @Obiero what is the average tenor of their loans?How much are they owed? 13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years Which 2 banks refused? [Smart management] Kaburu banks Which banks have lent KQ money? Please list names and amounts. Asante. Why did the 2 Kaburu banks refuse? Have they been paid? Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs? Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle. They are NPLs but not hardcore Which IFRS/IAS standard deals with "Softcore NPLs"? What does Mr. Opus say re: KQ loans? Are the loans being serviced [even if interest-only]? According to CBK guidelines, if a loan is not serviced according to the terms of the agreement, for 3 months... the loan starts on the process to becoming a NPL. After 6 months, it is a 100% NPL loan. Furthermore, CBK's guidelines also state that if the Lender thinks the loan is going to go bad [even before the 6 months are up] the Lender has to move it to NPLs. Are these loans secured? If yes, with what assets? If they are unsecured, then based on the "Negative Liability" position, the CBK guidelines would lean towards NPLs. These are the questions Investors should ask. I am KK-damu but (sadly) I own 1/44,000,000 of 30% of KQ. Plus a share of the loans given to KQ. And on the hook for the guarantees. NPL grading is on CBK prudential guidelines not IFRS.. In Kenya, a loan has 5 core grade scores, with 1 being soft CBK guidelines are even tougher than IFRS. What is a "softcore" [say 1] grade? What does it mean? What does it entail? I would have broken it down but I do not have time.. Please visit www.centralbank.go.ke There is nothing like a "softcore" NPL... There are buckets in loan categories from 10 to 50. An NPL at 20 cannot have the same risk as that in 50
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:ArrestedDev wrote:obiero wrote:@arresteddev only time will tell whether KQ shall sink further The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs. @Obiero what is the average tenor of their loans?How much are they owed? 13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years Which 2 banks refused? [Smart management] Kaburu banks Which banks have lent KQ money? Please list names and amounts. Asante. Why did the 2 Kaburu banks refuse? Have they been paid? Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs? Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle. They are NPLs but not hardcore Which IFRS/IAS standard deals with "Softcore NPLs"? What does Mr. Opus say re: KQ loans? Are the loans being serviced [even if interest-only]? According to CBK guidelines, if a loan is not serviced according to the terms of the agreement, for 3 months... the loan starts on the process to becoming a NPL. After 6 months, it is a 100% NPL loan. Furthermore, CBK's guidelines also state that if the Lender thinks the loan is going to go bad [even before the 6 months are up] the Lender has to move it to NPLs. Are these loans secured? If yes, with what assets? If they are unsecured, then based on the "Negative Liability" position, the CBK guidelines would lean towards NPLs. These are the questions Investors should ask. I am KK-damu but (sadly) I own 1/44,000,000 of 30% of KQ. Plus a share of the loans given to KQ. And on the hook for the guarantees. NPL grading is on CBK prudential guidelines not IFRS.. In Kenya, a loan has 5 core grade scores, with 1 being soft CBK guidelines are even tougher than IFRS. What is a "softcore" [say 1] grade? What does it mean? What does it entail? I would have broken it down but I do not have time.. Please visit www.centralbank.go.ke There is nothing like a "softcore" NPL... There are buckets in loan categories from 10 to 50. An NPL at 20 cannot have the same risk as that in 50 I have read the CBK's Prudential Guidelines... There is some flexibility that gives banks the discretion on how to categorize NPLs but the CBK (well, under PN) doesn't allow for laxity. Many banks eg NIC have substantially increased their NPLs post-Imperial/Chase. Modification of terms are allowed e.g. 2 years to 7 years with moratoriums on Principal Payments BUT the CBK doesn't want to simply kick a NPL down the line 7 years coz that isn't prudent like what Ndungu did with Dubai Bank [& probably Imperial]. Do you have a breakdown of which banks are owed how much by KQ? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:ArrestedDev wrote:obiero wrote:@arresteddev only time will tell whether KQ shall sink further The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs. @Obiero what is the average tenor of their loans?How much are they owed? 13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years Which 2 banks refused? [Smart management] Kaburu banks Which banks have lent KQ money? Please list names and amounts. Asante. Why did the 2 Kaburu banks refuse? Have they been paid? Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs? Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle. They are NPLs but not hardcore Which IFRS/IAS standard deals with "Softcore NPLs"? What does Mr. Opus say re: KQ loans? Are the loans being serviced [even if interest-only]? According to CBK guidelines, if a loan is not serviced according to the terms of the agreement, for 3 months... the loan starts on the process to becoming a NPL. After 6 months, it is a 100% NPL loan. Furthermore, CBK's guidelines also state that if the Lender thinks the loan is going to go bad [even before the 6 months are up] the Lender has to move it to NPLs. Are these loans secured? If yes, with what assets? If they are unsecured, then based on the "Negative Liability" position, the CBK guidelines would lean towards NPLs. These are the questions Investors should ask. I am KK-damu but (sadly) I own 1/44,000,000 of 30% of KQ. Plus a share of the loans given to KQ. And on the hook for the guarantees. NPL grading is on CBK prudential guidelines not IFRS.. In Kenya, a loan has 5 core grade scores, with 1 being soft CBK guidelines are even tougher than IFRS. What is a "softcore" [say 1] grade? What does it mean? What does it entail? I would have broken it down but I do not have time.. Please visit www.centralbank.go.ke There is nothing like a "softcore" NPL... There are buckets in loan categories from 10 to 50. An NPL at 20 cannot have the same risk as that in 50 I have read the CBK's Prudential Guidelines... There is some flexibility that gives banks the discretion on how to categorize NPLs but the CBK (well, under PN) doesn't allow for laxity. Many banks eg NIC have substantially increased their NPLs post-Imperial/Chase. Modification of terms are allowed e.g. 2 years to 7 years with moratoriums on Principal Payments BUT the CBK doesn't want to simply kick a NPL down the line 7 years coz that isn't prudent like what Ndungu did with Dubai Bank [& probably Imperial]. Do you have a breakdown of which banks are owed how much by KQ? I know of EXIM and AFDB.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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ArrestedDev wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:maka wrote:ArrestedDev wrote:obiero wrote:@arresteddev only time will tell whether KQ shall sink further The road to recovery is long and treacherous. A competent management is required going forward. It is evident Ngunze is not the right person. Today he says one thing and tomorrow another thing. Any gains at the operating level will be wiped out by hedging losses and finance costs. @Obiero what is the average tenor of their loans?How much are they owed? 13 local banks have lent to KQ amounts in excess of KES 52 billion shillings. 11 banks, 7 months ago agreed to restructure the tenor from 1-3 years to 7 years. But two refused, leading to average tenor of 4 years Which 2 banks refused? [Smart management] Kaburu banks Which banks have lent KQ money? Please list names and amounts. Asante. Why did the 2 Kaburu banks refuse? Have they been paid? Dear @Bankers @Auditors, I wonder, according to CBK/Opus guidelines, whether the loans to KQ are considered NPLs? Must be NPLs...they are living hand to mouth.Wait for kidogo sales pay a few people default on others...vicious cycle. They are NPLs but not hardcore Which IFRS/IAS standard deals with "Softcore NPLs"? What does Mr. Opus say re: KQ loans? Are the loans being serviced [even if interest-only]? According to CBK guidelines, if a loan is not serviced according to the terms of the agreement, for 3 months... the loan starts on the process to becoming a NPL. After 6 months, it is a 100% NPL loan. Furthermore, CBK's guidelines also state that if the Lender thinks the loan is going to go bad [even before the 6 months are up] the Lender has to move it to NPLs. Are these loans secured? If yes, with what assets? If they are unsecured, then based on the "Negative Liability" position, the CBK guidelines would lean towards NPLs. These are the questions Investors should ask. I am KK-damu but (sadly) I own 1/44,000,000 of 30% of KQ. Plus a share of the loans given to KQ. And on the hook for the guarantees. NPL grading is on CBK prudential guidelines not IFRS.. In Kenya, a loan has 5 core grade scores, with 1 being soft CBK guidelines are even tougher than IFRS. What is a "softcore" [say 1] grade? What does it mean? What does it entail? I would have broken it down but I do not have time.. Please visit www.centralbank.go.ke There is nothing like a "softcore" NPL... There are buckets in loan categories from 10 to 50. An NPL at 20 cannot have the same risk as that in 50 I have read the CBK's Prudential Guidelines... There is some flexibility that gives banks the discretion on how to categorize NPLs but the CBK (well, under PN) doesn't allow for laxity. Many banks eg NIC have substantially increased their NPLs post-Imperial/Chase. Modification of terms are allowed e.g. 2 years to 7 years with moratoriums on Principal Payments BUT the CBK doesn't want to simply kick a NPL down the line 7 years coz that isn't prudent like what Ndungu did with Dubai Bank [& probably Imperial]. Do you have a breakdown of which banks are owed how much by KQ? I know of EXIM and AFDB. Equity possunt quia posse videntur
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cathay Says Premium Travel Slumping, Prompting DiscountsAirlines should avoid hedges which have proved to cost them money over the years. Unless their finance team is actively trading the markets it's a futile exercise. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Indeed. The wise Ngunze has abolished hedging at KQ
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for.
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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ArrestedDev wrote:August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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VituVingiSana wrote:ArrestedDev wrote:August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Last minute bookings, no mercy at all.
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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ArrestedDev wrote:VituVingiSana wrote:ArrestedDev wrote:August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Last minute bookings, no mercy at all. Book early is the lesson here! At 29k, the guys could have hired an entire bus to drive them to Diani! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:ArrestedDev wrote:August is considered as a peak period, the ticket prices are high. He is not telling us when was the booking done. Hersi manages a hotel and how much does he charge during the peak season. Jambojet is there to make money. This kind of whining is uncalled for. Agreed but Hersi has a point. If the rates he quotes are correct then 29k for a one-way economy flight is ridiculous! Hehe, Point taken! but nowhere he says 29K was for a one-way ticket. He writes "...for a one way ticket costing as high as 16K." My word search did not find any mention of "economy" Pesa Nane plans to be shilingi when he grows up.
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