One day in 2012, it made sense to me. I dumped my KQ at 13-14.

[quote=obiero]The much anticipated and misunderstood PIIP document http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]

I have gone through the document but remain as sceptical as ever.

1. KQ has destroyed value for the last 10 years. It has issued new equity, taken loans to no avail. It is a mismanaged institution out to cannibalise assets of another parastal so as to pay off its own debts.

2. KQ is a listed public company but wants to enjoy the benefits of a government owned institution. It wants to have its cake and eat it. KQ's privatization based on Thatchernomics model was hailed as the most successful of its time. It went on to raise equity and debt capital based on its listed status. The Company has exhausted corporate goodwill at the nse and no longer wants to be listed.

3. KQ cannot have its cake and eat it. It cannot enjoy benefits of liberal market economics and still get GOK protection. Let us accept that privatization did not work for KQ, drop the current model and go for whatever works.

4. No company dies without ceremony. For KQ the ceremony will be liquidation, GOK to pay off sovereign guarantees.

5. Treasury can then go on to incorporate a new airline, fully governmemt owned and controlled to be driver of Kenya GDP blah blah blah

Kenya (gov't and private sector) in its current does not have the financial and operational discipline to run an international airline. Let's accept and move on. 2 years from now we shall be inspecting the carcass of KAA if this takeover happens

Njege ino.
They should have keep that monkey in a darkened cage instead. Now it is all in the public limelight and undefendable. Monkey business it was as usual. You see!
Experts talking monkey business in English thinking it's polish, polite and cool and expecting cool compliments for work well done online. Get off my back!
Feeling relieved by the conclusion made by the captains of this ship. They should now do the honourable thing instead of going kamikaze with the entire crew so that a new Joshua can take charge and lead the people to the promised Land. I am foreseeing more and more noise onward.

Bwana Obiero pls send email address by sms to 0777-749904.

What kind of pdf.. Like this one? http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf

What kind of pdf.. Like this one? http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]

You're right, its the same document.

What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held.

MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away.

The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork.

The journey to recovery is very slow and treacherous as I have said before.

It looks like Mikosz and his bogus consultants are on their way out as earlier indicated by @maka.

Unless a competent management is put in place there will be no quick recovery.

If concubines are being appointed to plum posts instead of people who can strategise then KQ will be swallowed by the competition. Not even the JKIA deal will save it.

The PIIP document is poorly drafted. We need to see clearly how the concession will help KQ build its own catering, increase cargo uplift etc

There are things that should be done even before the concession e.g. KQ to set up its own fuel purchasing company.

https://www.businessdail...32946-muisw0z/index.html