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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:maka wrote:You never listen to me... I do listen. They are trying to find headway to accomodate the JFK flight and new routes, I read somewhere that Israel is on the cards - Are you able to confirm this? KQ is unable to compete effectively on that route
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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At least competition in East Africa appears clueless about efficiencies of airline operation https://allafrica.com/stories/201807130353.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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[quote=obiero]At least competition in East Africa appears clueless about efficiencies of airline operation https://allafrica.com/stories/201807130353.html[/quote] That was a stupid emotional purchase...  possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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maka wrote:That was a stupid emotional purchase... One whole month of a 787 flying such short trips considering its fuel efficiency, is not a good idea at all.. They should have attached the pilots to KQ or FlyET if it's experience they seek
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:maka wrote:That was a stupid emotional purchase... One whole month of a 787 flying such short trips considering its fuel efficiency, is not a good idea at all.. They should have attached the pilots to KQ or FlyET if it's experience they seek Magufuli is a dick head... possunt quia posse videntur
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Now the DPP should as well raid KQ haraka iwezekanavyo some fellas need kulala Ka weekend kamoja ndani "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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jgithige wrote:Now the DPP should as well raid KQ haraka iwezekanavyo some fellas need kulala Ka weekend kamoja ndani Wengi wameenda if not all.... Let them raid their houses... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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maka wrote:jgithige wrote:Now the DPP should as well raid KQ haraka iwezekanavyo some fellas need kulala Ka weekend kamoja ndani Wengi wameenda if not all.... Let them raid their houses... Don't leave out those who were given freebies!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:obiero wrote:maka wrote:That was a stupid emotional purchase... One whole month of a 787 flying such short trips considering its fuel efficiency, is not a good idea at all.. They should have attached the pilots to KQ or FlyET if it's experience they seek Magufuli is a dick head... @maka, this bulldozer is better than most of us including Naikuni. He is visionary but his people are letting him down. His people are same as our people. You remember Ngunze and William were leasing old Q400 leading to breakdowns and loss of revenue, inconveniencing pax and so many other things. JPM bought brand new Q400s and that’s when William and Ngunze woke up and placed orders. I mentioned it here. Naikuni used to buy old 767 direct from Mojave desert. This led to high maintenance costs, breakdowns every now and then, loss of customers and other enormous opportunity costs to the Airline. The same thing with the 737- 300 purchased from KLM. Even when our B787 were delivered, they were not meant to replace the B777s but due to lack of planning they ended up replacing them and even the last two with Oman Air had nowhere at all to be deployed to due to mismanaged Project Mawingu. JPM has a good intention but the people in charge of Air Tanzania are the biggest dick heads including our own e.g. Naikuni and Co.
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. 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 Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine
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:ArrestedDev wrote:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine The road to recovery is treacherous and long. The probability of posting a profit by the end of this year is almost zero. Air France is ramping up daily services to 5 per week up from I think 3 - @maka, correct me if I am wrong. This mean connections from Europe and North America on Air France and other Sky team partners KQ used to upload in Paris will no longer exist. KQ may be forced to reduce the Paris route weekly frequencies in the near future. Lufthansa already increased daily frequencies to Nairobi. KLM is taking a firm grip of the management to influence decision making in their favour. KQ is also trying to pursue a stupid strategy of targeting only the rich business and leisure travellers and abandoning the lower class of travellers. This is where Ethiopian derives their numbers from - bare economic fares which attracts customers in large numbers. For instance, the Jeddah route was popular with pilgrims and the house maids working in Saudi Arabia. Ethiopian/Qatar/Oman Air will take advantage and upload all those originating/starting their journey in Nairobi and connect them to Jeddah via their respective hubs. I do not know how KQ arrived at the decision to terminate this route yet an E190 can operate efficiently even if the numbers are low.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine The road to recovery is treacherous and long. The probability of posting a profit by the end of this year is almost zero. Air France is ramping up daily services to 5 per week up from I think 3 - @maka, correct me if I am wrong. This mean connections from Europe and North America on Air France and other Sky team partners KQ used to upload in Paris will no longer exist. KQ may be forced to reduce the Paris route weekly frequencies in the near future. Lufthansa already increased daily frequencies to Nairobi. KLM is taking a firm grip of the management to influence decision making in their favour. KQ is also trying to pursue a stupid strategy of targeting only the rich business and leisure travellers and abandoning the lower class of travellers. This is where Ethiopian derives their numbers from - bare economic fares which attracts customers in large numbers. For instance, the Jeddah route was popular with pilgrims and the house maids working in Saudi Arabia. Ethiopian/Qatar/Oman Air will take advantage and upload all those originating/starting their journey in Nairobi and connect them to Jeddah via their respective hubs. I do not know how KQ arrived at the decision to terminate this route yet an E190 can operate efficiently even if the numbers are low. Half year results will be out in two weeks time so we can review
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine The road to recovery is treacherous and long. The probability of posting a profit by the end of this year is almost zero. Air France is ramping up daily services to 5 per week up from I think 3 - @maka, correct me if I am wrong. This mean connections from Europe and North America on Air France and other Sky team partners KQ used to upload in Paris will no longer exist. KQ may be forced to reduce the Paris route weekly frequencies in the near future. Lufthansa already increased daily frequencies to Nairobi. KLM is taking a firm grip of the management to influence decision making in their favour. KQ is also trying to pursue a stupid strategy of targeting only the rich business and leisure travellers and abandoning the lower class of travellers. This is where Ethiopian derives their numbers from - bare economic fares which attracts customers in large numbers. For instance, the Jeddah route was popular with pilgrims and the house maids working in Saudi Arabia. Ethiopian/Qatar/Oman Air will take advantage and upload all those originating/starting their journey in Nairobi and connect them to Jeddah via their respective hubs. I do not know how KQ arrived at the decision to terminate this route yet an E190 can operate efficiently even if the numbers are low. And then they want to takeover management of JKIA,KQ better concentrate on strenthening it's key routes which are now under threat from Air France,KLM and Lufthansa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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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:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine The road to recovery is treacherous and long. The probability of posting a profit by the end of this year is almost zero. Air France is ramping up daily services to 5 per week up from I think 3 - @maka, correct me if I am wrong. This mean connections from Europe and North America on Air France and other Sky team partners KQ used to upload in Paris will no longer exist. KQ may be forced to reduce the Paris route weekly frequencies in the near future. Lufthansa already increased daily frequencies to Nairobi. KLM is taking a firm grip of the management to influence decision making in their favour. KQ is also trying to pursue a stupid strategy of targeting only the rich business and leisure travellers and abandoning the lower class of travellers. This is where Ethiopian derives their numbers from - bare economic fares which attracts customers in large numbers. For instance, the Jeddah route was popular with pilgrims and the house maids working in Saudi Arabia. Ethiopian/Qatar/Oman Air will take advantage and upload all those originating/starting their journey in Nairobi and connect them to Jeddah via their respective hubs. I do not know how KQ arrived at the decision to terminate this route yet an E190 can operate efficiently even if the numbers are low. Half year results will be out in two weeks time so we can review Most likely it is still a loss. There might be an increase in the operating profit but the interest expense will wipe everything out resulting in a net loss position.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine The road to recovery is treacherous and long. The probability of posting a profit by the end of this year is almost zero. Air France is ramping up daily services to 5 per week up from I think 3 - @maka, correct me if I am wrong. This mean connections from Europe and North America on Air France and other Sky team partners KQ used to upload in Paris will no longer exist. KQ may be forced to reduce the Paris route weekly frequencies in the near future. Lufthansa already increased daily frequencies to Nairobi. KLM is taking a firm grip of the management to influence decision making in their favour. KQ is also trying to pursue a stupid strategy of targeting only the rich business and leisure travellers and abandoning the lower class of travellers. This is where Ethiopian derives their numbers from - bare economic fares which attracts customers in large numbers. For instance, the Jeddah route was popular with pilgrims and the house maids working in Saudi Arabia. Ethiopian/Qatar/Oman Air will take advantage and upload all those originating/starting their journey in Nairobi and connect them to Jeddah via their respective hubs. I do not know how KQ arrived at the decision to terminate this route yet an E190 can operate efficiently even if the numbers are low. Half year results will be out in two weeks time so we can review Most likely it is still a loss. There might be an increase in the operating profit but the interest expense will wipe everything out resulting in a net loss position. Remember over 70B is off the balances as debt converted to equity from November last year.. Coupled with longer tenure for the remaining debt balances
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:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:VituVingiSana wrote:@ArrestedDev Delta bought very many "old" aircraft (717s and MD-90s) about 4-5 years ago but refurbished them and maintained them well. The logic was great i.e. the cost of financing the old planes was much lower than the additional cost of fuel and maintenance. When the fuel prices fell, the savings (& profits) grew. Naikuni, Mbugua and friends were crooks first and foremost. https://worldairlinenews...ircraft-bubble-comment/
"Delta looks at the entire cost of jet – the purchase price, the maintenance costs, fuel efficiency and other factors – before making decisions. Often, used aircraft make the most economic sense for the airline." "And thanks to Delta’s TechOps aviation maintenance team, used planes can be maintained and retrofitted with entirely new interiors, providing a superior customer experience even though the jet may be a few years old." "Still, Delta will buy new when it makes sense. For example, the airline recently ordered 25 fuel-efficient Airbus A350-900s to fly primarily long-haul trans-Pacific routes starting in 2017." "Less money is tied up in expensive new jets, and instead can be invested in airport facilities, operational performance, new technology and on-board improvements to enhance the customer experience." KQ may not be in a position to do what Delta does but if executed well, a partial fleet of old aircraft can work well. Delta does have the advantage of a strong TechOps and Maintenance team + large number of aircraft to cannibalize for spares as well as replace a "misbehaving" aircraft. Not in this day and age. You quoted this previously and I replied. Naikuni bungled KQ big time. It will take time to turn it around once again. It will turn around sooner than you imagine The road to recovery is treacherous and long. The probability of posting a profit by the end of this year is almost zero. Air France is ramping up daily services to 5 per week up from I think 3 - @maka, correct me if I am wrong. This mean connections from Europe and North America on Air France and other Sky team partners KQ used to upload in Paris will no longer exist. KQ may be forced to reduce the Paris route weekly frequencies in the near future. Lufthansa already increased daily frequencies to Nairobi. KLM is taking a firm grip of the management to influence decision making in their favour. KQ is also trying to pursue a stupid strategy of targeting only the rich business and leisure travellers and abandoning the lower class of travellers. This is where Ethiopian derives their numbers from - bare economic fares which attracts customers in large numbers. For instance, the Jeddah route was popular with pilgrims and the house maids working in Saudi Arabia. Ethiopian/Qatar/Oman Air will take advantage and upload all those originating/starting their journey in Nairobi and connect them to Jeddah via their respective hubs. I do not know how KQ arrived at the decision to terminate this route yet an E190 can operate efficiently even if the numbers are low. Half year results will be out in two weeks time so we can review Most likely it is still a loss. There might be an increase in the operating profit but the interest expense will wipe everything out resulting in a net loss position. Remember over 70B is off the balances as debt converted to equity from November last year.. Coupled with longer tenure for the remaining debt balances For your information, KQ is still highly leveraged. There is a very huge debt in the books. I also believe the local banks have since advanced further loans to KQ. Just be optimistic but the road to recovery is long. Last December KQ failed to meet some loan commitments.
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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Canadian Jet Manufacturer Bombardier Commercial Aircraft on Wednesday announced that it had signed a firm order for four new CRJ900 regional jets with Uganda National Airlines Company.The deal is part of Uganda's effort to revive its defunct National Airline.Based on the list price for the CRJ900 aircraft, the firm order is valued at approximately USD 190 m (about UGX 700 bn).“We congratulate the Government of Uganda for the revival of its national flag carrier, and are thrilled that the new airline has selected Bombardier and the CRJ900 regional jets for its upcoming debut,” said Jean-Paul Boutibou, Vice President, Sales, Middle-East and Africa, Bombardier Commercial Aircraft in a statement issued on Wednesday evening.(Source: Daily Monitor) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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