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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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maka wrote:obiero wrote:Musimo wrote:obiero wrote:maka wrote:1) US pushed to September... 2) 2 dreamliners coming back home...
1. Bad news 2. Good news Are the dreamliners being returned early or is it as a result of end of lease period? as per this link, the dreamliners should be back 2019 at the earliest... https://www.businessdail...64090-lxu0kn/index.html
What about the 777s? will they be sold off or come back with a potential to fly NBO-JFK? I think the code share with delta will grant them a very good connectivity network with the americas Habari ndio hii https://www.businessdail...8052-4v0r0cz/index.html
Must have had a clause for early recall... Coz without those 2 planes there is only 1 extra dreamliner on standby the one that used to go to Hanoi and HK... 777 honestly sijui... The 1st 6 months on that route will be loss making... Going cowboy to USA seems risky but I wish KQ good luck and Godspeed. USD 999 on Economy to JFK is dirt cheap HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:maka wrote:obiero wrote:Musimo wrote:obiero wrote:maka wrote:1) US pushed to September... 2) 2 dreamliners coming back home...
1. Bad news 2. Good news Are the dreamliners being returned early or is it as a result of end of lease period? as per this link, the dreamliners should be back 2019 at the earliest... https://www.businessdail...64090-lxu0kn/index.html
What about the 777s? will they be sold off or come back with a potential to fly NBO-JFK? I think the code share with delta will grant them a very good connectivity network with the americas Habari ndio hii https://www.businessdail...8052-4v0r0cz/index.html
Must have had a clause for early recall... Coz without those 2 planes there is only 1 extra dreamliner on standby the one that used to go to Hanoi and HK... 777 honestly sijui... The 1st 6 months on that route will be loss making... Going cowboy to USA seems risky but I wish KQ good luck and Godspeed. USD 999 on Economy to JFK is dirt cheap There is traffic especially during the high season. This is where KLM undercut KQ so does M3, ET and the rest even Egypt Air. It will also boost KQ's NBO outbound traffic to the rest of Africa.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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ArrestedDev wrote:obiero wrote:maka wrote:obiero wrote:Musimo wrote:obiero wrote:maka wrote:1) US pushed to September... 2) 2 dreamliners coming back home...
1. Bad news 2. Good news Are the dreamliners being returned early or is it as a result of end of lease period? as per this link, the dreamliners should be back 2019 at the earliest... https://www.businessdail...64090-lxu0kn/index.html
What about the 777s? will they be sold off or come back with a potential to fly NBO-JFK? I think the code share with delta will grant them a very good connectivity network with the americas Habari ndio hii https://www.businessdail...8052-4v0r0cz/index.html
Must have had a clause for early recall... Coz without those 2 planes there is only 1 extra dreamliner on standby the one that used to go to Hanoi and HK... 777 honestly sijui... The 1st 6 months on that route will be loss making... Going cowboy to USA seems risky but I wish KQ good luck and Godspeed. USD 999 on Economy to JFK is dirt cheap There is traffic especially during the high season. This is where KLM undercut KQ so does M3, ET and the rest even Egypt Air. It will also boost KQ's NBO outbound traffic to the rest of Africa. Yep... possunt quia posse videntur
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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obiero wrote:maka wrote:obiero wrote:Musimo wrote:obiero wrote:maka wrote:1) US pushed to September... 2) 2 dreamliners coming back home...
1. Bad news 2. Good news Are the dreamliners being returned early or is it as a result of end of lease period? as per this link, the dreamliners should be back 2019 at the earliest... https://www.businessdail...64090-lxu0kn/index.html
What about the 777s? will they be sold off or come back with a potential to fly NBO-JFK? I think the code share with delta will grant them a very good connectivity network with the americas Habari ndio hii https://www.businessdail...8052-4v0r0cz/index.html
Must have had a clause for early recall... Coz without those 2 planes there is only 1 extra dreamliner on standby the one that used to go to Hanoi and HK... 777 honestly sijui... The 1st 6 months on that route will be loss making... Going cowboy to USA seems risky but I wish KQ good luck and Godspeed. USD 999 on Economy to JFK is dirt cheap Well, now what will we say about $ 813? Keen to see how this route performs. “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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KQ Foresees 10% Revenue Bump from US FlightsQuote:NAIROBI, Jan 11 (Reuters) - Kenya Airways expects its daily direct flights to the United States that it launches for the first time in October to boost annual revenue by 10 percent from 2019, the chief executive said on Thursday. The carrier, which is 7.8 percent owned by Air France KLM , has started taking bookings for the flights to and from New York that will carry 234 passengers each way on a Boeing 787 Dreamliner plane. The new long haul route is part of an effort to revive the airline’s fortunes after it came close to collapse, leading to a $2 billion financial restructuring in November that included a government bailout which shrank Air France KLM’s stake. “This is going to increase 2019 (revenues) by roughly 10 percent,” Chief Executive Officer Sebastian Mikosz told reporters at an event to launch the new 15-hour route. U.S.-bound passengers from Kenya must now change planes in Europe or the Gulf on a journey that can take 20 hours or more. “This is a symbol of the comeback of Kenya Airways,” Chairman Michael Joseph said. Kenya has long wanted to fly direct to the United States, but Kenyan carriers were only granted U.S. security clearance for the route in February 2017 after a major refurbishment of facilities at the main Nairobi airport. Kenya has suffered frequent attacks by an Islamist militant group based in neighbouring Somalia in recent years. The attacks hammered Kenya Airways by driving away tourists from the East African nation, which boasts palm-fringed beaches and safaris. CEO Mikosz said the new route aimed to encourage more business and tourist travel with the United States, which he said was the biggest source of visitors to Kenya. In the first 10 months of 2017, 95,771 tourists travelled to Kenya from the United States, a figure that has been rising 20 percent in each of the past two years, he said. Kenya also hosts regional hubs for 48 U.S. or U.S.-based, organisations, such as Google and IBM, he added. Thursday’s event was held at a five-star hotel to signal the end to recent hard times when gatherings were staged under a tent at the carrier’s training school to save costs. The direct flights would create about 150 new jobs at Kenya Airways, said Mikosz, who was hired from LOT Polish airlines last June to help turn around the carrier. Kenya Airways shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday. “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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shiznit wrote:KQ Foresees 10% Revenue Bump from US FlightsQuote:NAIROBI, Jan 11 (Reuters) - Kenya Airways expects its daily direct flights to the United States that it launches for the first time in October to boost annual revenue by 10 percent from 2019, the chief executive said on Thursday. The carrier, which is 7.8 percent owned by Air France KLM , has started taking bookings for the flights to and from New York that will carry 234 passengers each way on a Boeing 787 Dreamliner plane. The new long haul route is part of an effort to revive the airline’s fortunes after it came close to collapse, leading to a $2 billion financial restructuring in November that included a government bailout which shrank Air France KLM’s stake. “This is going to increase 2019 (revenues) by roughly 10 percent,” Chief Executive Officer Sebastian Mikosz told reporters at an event to launch the new 15-hour route. U.S.-bound passengers from Kenya must now change planes in Europe or the Gulf on a journey that can take 20 hours or more. “This is a symbol of the comeback of Kenya Airways,” Chairman Michael Joseph said. Kenya has long wanted to fly direct to the United States, but Kenyan carriers were only granted U.S. security clearance for the route in February 2017 after a major refurbishment of facilities at the main Nairobi airport. Kenya has suffered frequent attacks by an Islamist militant group based in neighbouring Somalia in recent years. The attacks hammered Kenya Airways by driving away tourists from the East African nation, which boasts palm-fringed beaches and safaris. CEO Mikosz said the new route aimed to encourage more business and tourist travel with the United States, which he said was the biggest source of visitors to Kenya. In the first 10 months of 2017, 95,771 tourists travelled to Kenya from the United States, a figure that has been rising 20 percent in each of the past two years, he said. Kenya also hosts regional hubs for 48 U.S. or U.S.-based, organisations, such as Google and IBM, he added. Thursday’s event was held at a five-star hotel to signal the end to recent hard times when gatherings were staged under a tent at the carrier’s training school to save costs. The direct flights would create about 150 new jobs at Kenya Airways, said Mikosz, who was hired from LOT Polish airlines last June to help turn around the carrier. Kenya Airways shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday. No longer operating under tents. KQ rises from the ashes 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: 6/23/2009 Posts: 13,475 Location: nairobi
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KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 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: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Good lucky. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Spikes wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Good lucky. Full year results expected mid February.. The Open Offer circular shall follow the announcement 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: 6/23/2009 Posts: 13,475 Location: nairobi
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Impunity wrote:obiero wrote:iris wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:Impunity wrote:ArrestedDev wrote:@maka, the dreamliner to Dulles is a non-stop or there is a stop over somewhere? Direct flight from Nairobi to Dulles will take 13.5 hrs non stop flying over Greenland huko...and require 2 set of crew which they don't have enough. Stop over at Senegal will take 17 hours minimum...first 1 hr for the stopover and the rest being punishment for NOT flying along the great circle. They need to hire more pilots. No shortcut, the route is good for inbound tourists/Kenyans in States, to and from the rest of Africa. "Kenya has been chasing direct flights to the US for more than a decade. Direct flights would cut to nine hours a journey that can currently take as much as 19 hours as passengers anwd cargo are routed through Europe, the Middle East or South Africa." [9 hours from KE to USA? What are they smoking? Takes 7 hours to London/AMS. Takes 5 hours to ACC.] Chief @vvs.. How long do you want it to take http://www.prokerala.com...ababa/to-washington-dc/
@obiero, that link is surely fake. Might be subtracting departure time from arrival time, and to hell with time differences @iris I agree, 7hrs would be insane even if non stop, but how long it is.. I want to know I said it up there. 14hrs if you are lucky nonstop. Washington is not just across the coast of Senegal. By the way from Nairobi to Dakar is 7hrs...add another 7 hours to cross the Atlantic. With a one changeover in Europe your flight could take 18 hours. So the so called kq ndailect flight would save u 4hrs and not 10hrs as being thought 15 hours it is https://www.businessdail...260082-korc1f/index.html 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: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Spikes wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Good lucky. Full year results expected mid February.. The Open Offer circular shall follow the announcement Dismal results... possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Ceo says competition from foreign local carriers is a big threat Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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maka wrote:obiero wrote:Spikes wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Good lucky. Full year results expected mid February.. The Open Offer circular shall follow the announcement Dismal results... That's guaranteed KES -5.1B at best 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: 18,055 Location: Nairobi
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Ericsson wrote:Ceo says competition from foreign local carriers is a big threat What's a foreign local carrier? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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CEO Mikosz was on CNN Quest (sp) means Business yesterday talking about the direct route to US, and the prospects therein. 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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:Ceo says competition from foreign local carriers is a big threat What's a foreign local carrier? Good question but even more important is how high will the KQ share soar today HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Bwana Obiero, these shares have not tripled in any value, there was consolidation, they should be trading at Ksh 22.00 plus to have any meaningful increase in value. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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HaMaina wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Bwana Obiero, these shares have not tripled in any value, there was consolidation, they should be trading at Ksh 22.00 plus to have any meaningful increase in value. @HaMaina you are not having the full details of KQ restructuring.. Do not confuse existing minority shareholders with the share action. These are two mutually exclusive parties. The share did touch a low of KES 2.1 and a high of KES 18.5. Average KES 5.5 to current price of KES 17.5.. It has tripled albeit with absent volume.. For majority shareholders, including GoK, KQ Lenders Co Ltd and KLM, it has doubled from KES 8.52 HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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obiero wrote:HaMaina wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Bwana Obiero, these shares have not tripled in any value, there was consolidation, they should be trading at Ksh 22.00 plus to have any meaningful increase in value. @HaMaina you are not having the full details of KQ restructuring.. Do not confuse existing shareholders with the share action. These are two mutually exclusive parties. The share did touch a low of KES 2.1 and a high of KES 18.5 Please explain, If I bought 10,000 Shares at the rate then of 5.50 Ksh, ( 10,000*5.50 = 55,000Ksh value) today I have 2,500 shares at 17.50 ( 2,500*17.50 = 43,750 Ksh ). Im not sure if the par value changed to cover the consolidation. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Bwana Obiero, these shares have not tripled in any value, there was consolidation, they should be trading at Ksh 22.00 plus to have any meaningful increase in value. @HaMaina you are not having the full details of KQ restructuring.. Do not confuse existing minority shareholders with the share action. These are two mutually exclusive parties. The share did touch a low of KES 2.1 and a high of KES 18.5. Average KES 5.5 to current price of KES 17.5.. It has tripled albeit with absent volume.. For majority shareholders, including GoK, KQ Lenders Co Ltd and KLM, it has doubled from KES 8.52 Please explain, If I bought 10,000 Shares at the rate then of 5.50 Ksh, ( 10,000*5.50 = 55,000Ksh value) today I have 2,500 shares at 17.50 ( 2,500*17.50 = 43,750 Ksh ). Im not sure if the par value changed to cover the consolidation. In your computation assume that the KQ Open Offer issues 4 new shares at KES 3.5 for each share currently held.. You will be wealthy! Therefore for now, look only at trades effected after the restructuring, consolidation and eventual relisting since the Open Offer in regards to ratio details remain relatively unknown apart from the fact that the Open Offer price will be less than KES 8.52 HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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