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Kenya Airways...why ignore..
Ericsson
#15081 Posted : Sunday, September 20, 2020 10:14:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,992
Location: NAIROBI
Kenya Airways CEO seeks $500mn or ksh.54bn from the government to survive.
https://www.bloomberg.co...-state-to-survive-virus

For this and other jokes tune to viusasa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#15082 Posted : Monday, September 21, 2020 8:03:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,842
Location: nairobi
Ericsson wrote:
Kenya Airways CEO seeks $500mn or ksh.54bn from the government to survive.
https://www.bloomberg.co...-state-to-survive-virus

For this and other jokes tune to viusasa

They will get even more than that sum requested
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
sqft
#15083 Posted : Tuesday, September 22, 2020 9:48:43 AM
Rank: Member


Joined: 1/10/2015
Posts: 732
Location: Kenya
Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...-leased-aircraft-2304734
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
muandiwambeu
#15084 Posted : Tuesday, September 22, 2020 1:18:11 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,229
[quote=sqft]Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...leased-aircraft-2304734[/quote]
Let a sleeping dog lie, when did it stop making sense. Am kajingad.
,Behold, a sower went forth to sow;....
Ericsson
#15085 Posted : Tuesday, September 22, 2020 1:48:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,992
Location: NAIROBI
muandiwambeu wrote:
[quote=sqft]Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...leased-aircraft-2304734[/quote]
Let a sleeping dog lie, when did it stop making sense. Am kajingad.


Let it rest in peace.
It has suffered for long
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
ArrestedDev
#15086 Posted : Wednesday, September 23, 2020 11:47:15 AM
Rank: Member


Joined: 5/29/2016
Posts: 877
Location: Nairobi
Ericsson wrote:
muandiwambeu wrote:
[quote=sqft]Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...leased-aircraft-2304734[/quote]
Let a sleeping dog lie, when did it stop making sense. Am kajingad.


Let it rest in peace.
It has suffered for long


I hope the B777s and B737-700 will be let go. South Africa is now open but can’t see KQ announcing flights resumption.

If aircrafts are let go, it will be very hard to get them back once business recover. CEO should focus on negotiating to pay per use. Otherwise, this Airline is now dead and just waiting to be buried. Kilavuka is soon going to bury it totally. The CEO should focus on connecting passengers and bailout talks with the government. He should stop talking about elections coming up in Kenya.
Ericsson
#15087 Posted : Thursday, September 24, 2020 4:44:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,992
Location: NAIROBI
https://mobile.twitter.c...123019483369478/photo/1

Extension of suspension of trading in Kq shares for a further 6 months beginning October 4 2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#15088 Posted : Thursday, September 24, 2020 8:43:16 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,876
Location: Kitale
Ericsson wrote:
https://mobile.twitter.com/NSE_Investors/status/1309123019483369478/photo/1

Extension of suspension of trading in Kq shares for a further 6 months beginning October 4 2020.




Some people here are happy with this!
Towards the goal of financial freedom
maka
#15089 Posted : Friday, September 25, 2020 1:50:00 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,359
Location: Nairobi
ArrestedDev wrote:
Ericsson wrote:
muandiwambeu wrote:
[quote=sqft]Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...leased-aircraft-2304734[/quote]
Let a sleeping dog lie, when did it stop making sense. Am kajingad.


Let it rest in peace.
It has suffered for long


I hope the B777s and B737-700 will be let go. South Africa is now open but can’t see KQ announcing flights resumption.

If aircrafts are let go, it will be very hard to get them back once business recover. CEO should focus on negotiating to pay per use. Otherwise, this Airline is now dead and just waiting to be buried. Kilavuka is soon going to bury it totally. The CEO should focus on connecting passengers and bailout talks with the government. He should stop talking about elections coming up in Kenya.


Flights to SA are on from 1st October.... Was supposed to be 3 flights per day but seems it will be reduced to 2 because of curfew restrictions....
possunt quia posse videntur
ArrestedDev
#15090 Posted : Saturday, September 26, 2020 4:27:51 AM
Rank: Member


Joined: 5/29/2016
Posts: 877
Location: Nairobi
maka wrote:
ArrestedDev wrote:
Ericsson wrote:
muandiwambeu wrote:
[quote=sqft]Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...leased-aircraft-2304734[/quote]
Let a sleeping dog lie, when did it stop making sense. Am kajingad.


Let it rest in peace.
It has suffered for long


I hope the B777s and B737-700 will be let go. South Africa is now open but can’t see KQ announcing flights resumption.

If aircrafts are let go, it will be very hard to get them back once business recover. CEO should focus on negotiating to pay per use. Otherwise, this Airline is now dead and just waiting to be buried. Kilavuka is soon going to bury it totally. The CEO should focus on connecting passengers and bailout talks with the government. He should stop talking about elections coming up in Kenya.


Flights to SA are on from 1st October.... Was supposed to be 3 flights per day but seems it will be reduced to 2 because of curfew restrictions....


What about Luanda, Victoria Falls, Harare etc? Why is Kilimanjaro pending yet TZ allowed flights from Kenya?

If the management are proactive enough, I can tell you for free there is business out there especially places where you can fly with the E190s.

We need to see media/social media release by KQ saying you can book flights to JNB, CPT etc.

There will be no need to return planes when the world is opening up. Unless the management would like to get rid of the leased E190s. This plane is a hangar queen, always something to fix and cannot support cargo operations. Why is it that the maintenance bill for KQ have never come down since the old B767 and the B777-200ER were phased out?
obiero
#15091 Posted : Saturday, September 26, 2020 6:41:49 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,842
Location: nairobi
ArrestedDev wrote:
maka wrote:
ArrestedDev wrote:
Ericsson wrote:
muandiwambeu wrote:
[quote=sqft]Come for your idle planes, KQ tells leasing firms

https://nation.africa/ke...leased-aircraft-2304734[/quote]
Let a sleeping dog lie, when did it stop making sense. Am kajingad.


Let it rest in peace.
It has suffered for long


I hope the B777s and B737-700 will be let go. South Africa is now open but can’t see KQ announcing flights resumption.

If aircrafts are let go, it will be very hard to get them back once business recover. CEO should focus on negotiating to pay per use. Otherwise, this Airline is now dead and just waiting to be buried. Kilavuka is soon going to bury it totally. The CEO should focus on connecting passengers and bailout talks with the government. He should stop talking about elections coming up in Kenya.


Flights to SA are on from 1st October.... Was supposed to be 3 flights per day but seems it will be reduced to 2 because of curfew restrictions....


What about Luanda, Victoria Falls, Harare etc? Why is Kilimanjaro pending yet TZ allowed flights from Kenya?

If the management are proactive enough, I can tell you for free there is business out there especially places where you can fly with the E190s.

We need to see media/social media release by KQ saying you can book flights to JNB, CPT etc.

There will be no need to return planes when the world is opening up. Unless the management would like to get rid of the leased E190s. This plane is a hangar queen, always something to fix and cannot support cargo operations. Why is it that the maintenance bill for KQ have never come down since the old B767 and the B777-200ER were phased out?

The Bombadier turbo props of JJ are real workhorses.. Its true that reducing capacity may come to bite KQ soon.. They should watch and learn https://www.businessdail...-demand-picks-up-2371640
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
ArrestedDev
#15092 Posted : Tuesday, October 27, 2020 3:17:32 PM
Rank: Member


Joined: 5/29/2016
Posts: 877
Location: Nairobi

62 million spent in 5 star hotels at a time when cash inflows is almost nil.

https://www.businessdail...staff-in-hotels-2721826

The spending came at a time when the carrier was also cutting workers’ pay to preserve cash and stay aloft.

The expenditure was incurred between March 25 and May 26, a period when the government had banned international passenger travel and restricted domestic movements, limiting it to cargo operations and special passenger flight missions.


Leadership is really lacking in KQ. I have said this so many times.

Again the smart guys in finance have exposed the rot just like they did with Sebastian ridiculous salary entitlements, Ngunze's & Alex's childish prepayments to Mckinsey and so many others including the massive looting featured in the fall of pride of africa series e.g. the expenditure for PR worth 20 million.

There is a site called Simple Flying which reported that Turkish flew the B777-300ER subleased to them by KQ as late as August 2020. It is therefore clear that KQ continued to foot the difference in the sublease and lease rentals due to the lessors up to August 2020. The only reason for Turkish to fly this equipment is because the lease costs are cheaper for them.

Kilavuka is not up to the task/ challenge and nothing will change in KQ.
Ericsson
#15093 Posted : Tuesday, October 27, 2020 4:20:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,992
Location: NAIROBI
ArrestedDev wrote:

62 million spent in 5 star hotels at a time when cash inflows is almost nil.

https://www.businessdail...staff-in-hotels-2721826

The spending came at a time when the carrier was also cutting workers’ pay to preserve cash and stay aloft.

The expenditure was incurred between March 25 and May 26, a period when the government had banned international passenger travel and restricted domestic movements, limiting it to cargo operations and special passenger flight missions.


Leadership is really lacking in KQ. I have said this so many times.

Again the smart guys in finance have exposed the rot just like they did with Sebastian ridiculous salary entitlements, Ngunze's & Alex's childish prepayments to Mckinsey and so many others including the massive looting featured in the fall of pride of africa series e.g. the expenditure for PR worth 20 million.

There is a site called Simple Flying which reported that Turkish flew the B777-300ER subleased to them by KQ as late as August 2020. It is therefore clear that KQ continued to foot the difference in the sublease and lease rentals due to the lessors up to August 2020. The only reason for Turkish to fly this equipment is because the lease costs are cheaper for them.

Kilavuka is not up to the task/ challenge and nothing will change in KQ.


Kilavuka is the mortician
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#15094 Posted : Thursday, October 29, 2020 6:18:14 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,842
Location: nairobi
Ericsson wrote:
ArrestedDev wrote:

62 million spent in 5 star hotels at a time when cash inflows is almost nil.

https://www.businessdail...staff-in-hotels-2721826

The spending came at a time when the carrier was also cutting workers’ pay to preserve cash and stay aloft.

The expenditure was incurred between March 25 and May 26, a period when the government had banned international passenger travel and restricted domestic movements, limiting it to cargo operations and special passenger flight missions.


Leadership is really lacking in KQ. I have said this so many times.

Again the smart guys in finance have exposed the rot just like they did with Sebastian ridiculous salary entitlements, Ngunze's & Alex's childish prepayments to Mckinsey and so many others including the massive looting featured in the fall of pride of africa series e.g. the expenditure for PR worth 20 million.

There is a site called Simple Flying which reported that Turkish flew the B777-300ER subleased to them by KQ as late as August 2020. It is therefore clear that KQ continued to foot the difference in the sublease and lease rentals due to the lessors up to August 2020. The only reason for Turkish to fly this equipment is because the lease costs are cheaper for them.

Kilavuka is not up to the task/ challenge and nothing will change in KQ.


Kilavuka is the mortician

I think KQ engaged GoK to ensure its staff don't have to stay quarantined after the repatriation flights. And GoK listened. Crew can't be taken to lodgings bwana. This is The Pride of Africa
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
ArrestedDev
#15095 Posted : Thursday, October 29, 2020 9:01:07 AM
Rank: Member


Joined: 5/29/2016
Posts: 877
Location: Nairobi
obiero wrote:
Ericsson wrote:
ArrestedDev wrote:

62 million spent in 5 star hotels at a time when cash inflows is almost nil.

https://www.businessdail...staff-in-hotels-2721826

The spending came at a time when the carrier was also cutting workers’ pay to preserve cash and stay aloft.

The expenditure was incurred between March 25 and May 26, a period when the government had banned international passenger travel and restricted domestic movements, limiting it to cargo operations and special passenger flight missions.


Leadership is really lacking in KQ. I have said this so many times.

Again the smart guys in finance have exposed the rot just like they did with Sebastian ridiculous salary entitlements, Ngunze's & Alex's childish prepayments to Mckinsey and so many others including the massive looting featured in the fall of pride of africa series e.g. the expenditure for PR worth 20 million.

There is a site called Simple Flying which reported that Turkish flew the B777-300ER subleased to them by KQ as late as August 2020. It is therefore clear that KQ continued to foot the difference in the sublease and lease rentals due to the lessors up to August 2020. The only reason for Turkish to fly this equipment is because the lease costs are cheaper for them.

Kilavuka is not up to the task/ challenge and nothing will change in KQ.


Kilavuka is the mortician

I think KQ engaged GoK to ensure its staff don't have to stay quarantined after the repatriation flights. And GoK listened. Crew can't be taken to lodgings bwana. This is The Pride of Africa


The smart guys in KQ finance never leaked the details to the media for nothing. KQ can barely pay for critical services to continue flying as of now. Without a cash injection from the govt then operations will be suspended. This is lack of leadership on the part of the CEO and his team.

Do not try and trivialise this issue @obiero.



snifadog
#15096 Posted : Thursday, October 29, 2020 1:48:56 PM
Rank: Member


Joined: 6/6/2016
Posts: 152
Location: Nairobi
my brother obiero, when shall we write off our shares in KQ as minority shareholders? :)
obiero
#15097 Posted : Thursday, October 29, 2020 6:49:53 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,842
Location: nairobi
snifadog wrote:
my brother obiero, when shall we write off our shares in KQ as minority shareholders? :)

Write back, not write off.. Discussions are at an advanced stage.. Mar 2021 is my estimate
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
VituVingiSana
#15098 Posted : Friday, October 30, 2020 2:44:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,272
Location: Nairobi
https://www.businessdail...hts-on-saturday-2725950 KQ set to resume Nairobi-New York flights on Saturday
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sqft
#15099 Posted : Friday, October 30, 2020 10:49:13 PM
Rank: Member


Joined: 1/10/2015
Posts: 732
Location: Kenya
KQ pilots to be paid per squad (flight) like matatu drivers. Seems a "pilot" is a pilot whether on a dreamliner or a guthurai bus, coz you are basically ferrying wathii from point A to B and the more trips you make the more cash you earn.

https://www.businessdail...ilots-per-flight-2726030
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
NewMoney
#15100 Posted : Saturday, October 31, 2020 6:38:35 AM
Rank: Member


Joined: 3/1/2019
Posts: 159
Location: Nairobi
sqft wrote:

KQ pilots to be paid per squad (flight) like matatu drivers. Seems a "pilot" is a pilot whether on a dreamliner or a guthurai bus, coz you are basically ferrying wathii from point A to B and the more trips you make the more cash you earn.

https://www.businessdail...lots-per-flight-2726030



sounds like a good deal to me both for the pilots and the airline, and also a great opportunity for those who want to one day be part-time pilots like myself
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