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716 Pages«<688689690691692>»
Kenya Airways...why ignore..
maka
#13781 Posted : Thursday, September 19, 2019 1:45:17 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,295
Location: Nairobi
sparkly wrote:


well...smile
possunt quia posse videntur
ArrestedDev
#13782 Posted : Thursday, September 19, 2019 5:04:50 PM
Rank: Member


Joined: 5/29/2016
Posts: 829
Location: Nairobi
maka wrote:
sparkly wrote:


well...smile


@Sparkly - stale news, @maka broke the news. What else made her to be kicked out? Is it the CEO and the board chair remuneration released to the parliamentary committee? They were humiliated by the MPs. MJ ended up refunding everything.
sparkly
#13783 Posted : Friday, September 20, 2019 7:30:01 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,543
Location: Enk are Nyirobi
ArrestedDev wrote:
maka wrote:
sparkly wrote:


well...smile


@Sparkly - stale news, @maka broke the news. What else made her to be kicked out? Is it the CEO and the board chair remuneration released to the parliamentary committee? They were humiliated by the MPs. MJ ended up refunding everything.


My bad, had not realized Mwariri and Mathuka is the same person
Life is short. Live passionately.
Zichi
#13784 Posted : Friday, September 20, 2019 9:23:36 AM
Rank: New-farer


Joined: 5/24/2017
Posts: 26
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?
cyruskulei
#13785 Posted : Friday, September 20, 2019 9:28:47 AM
Rank: Member


Joined: 3/9/2010
Posts: 206
Location: kenya
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?



Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

obiero
#13786 Posted : Friday, September 20, 2019 9:40:59 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,457
Location: nairobi
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?




Ngunze had this vision. He was hounded out.. The unions at KQ have repeatedly caused management to freeze their thinking capacities. KQ as an airline should not be loss making
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
MugundaMan
#13787 Posted : Friday, September 20, 2019 11:16:33 AM
Rank: Elder


Joined: 1/8/2018
Posts: 2,000
Location: DC (Dustbowl County)


Say it aint so, my buloddah. You are getting MASSACRED in this market. Flee this casino before it is too late!
**Destination 2k posts and it's curtains!****Dustbowl County is the Future of Kenya. Join us investing here or perish!!****I know you miss me but I'm NEVER coming back Laughing out loudly** shalom
cyruskulei
#13788 Posted : Friday, September 20, 2019 11:23:37 AM
Rank: Member


Joined: 3/9/2010
Posts: 206
Location: kenya
obiero wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?




Ngunze had this vision. He was hounded out.. The unions at KQ have repeatedly caused management to freeze their thinking capacities. KQ as an airline should not be loss making


The selling agents are

https://www.airpartner.com/en/

And the comments regarding this agent are: or google more

https://www.glassdoor.co...ner-EI_IE12309.11,22.htm
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

nairobby
#13789 Posted : Friday, September 20, 2019 11:28:19 AM
Rank: Member


Joined: 1/18/2019
Posts: 164
Location: kenya
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?





Sale and leaseback. I think this is a good way to go.
cyruskulei
#13790 Posted : Friday, September 20, 2019 11:52:17 AM
Rank: Member


Joined: 3/9/2010
Posts: 206
Location: kenya
nairobby wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?





Sale and leaseback. I think this is a good way to go.


Someone educate me on sale and lease back concept.

What percentage is the leasing cost to sales price?

Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Ericsson
#13791 Posted : Friday, September 20, 2019 12:09:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,983
Location: NAIROBI
cyruskulei wrote:
nairobby wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?





Sale and leaseback. I think this is a good way to go.


Someone educate me on sale and lease back concept.

What percentage is the leasing cost to sales price?


Ideally the leasing cost per anuum should not be above 30% of the sales price.
When they sell,they will get a lump sum money which they can then use for something else like paying down debt.
Leasing is like renting which means KQ is saved from incurring operational and maintenance costs with the hope that the revenue they get is able to cater for the leasing costs.
NB:Not all the aircrafts being sold will they lease back.

Think of it like when corporates sell buildings then lease back e.g EABL with its HQ,Standard Chartered bank when they sold the former Head Office along Moi Avenue,Uchumi and Aga Khan walk building etc.
cyruskulei
#13792 Posted : Friday, September 20, 2019 12:13:33 PM
Rank: Member


Joined: 3/9/2010
Posts: 206
Location: kenya
Ericsson wrote:
cyruskulei wrote:
nairobby wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?





Sale and leaseback. I think this is a good way to go.


Someone educate me on sale and lease back concept.

What percentage is the leasing cost to sales price?


Ideally the leasing cost should not be above 30% of the sales price.
When they sell,they will get a lump sum money which they can then use for something else like paying down debt.
Leasing is like renting which means KQ is saved from incurring operational and maintenance costs with the hope that the revenue they get is able to cater for the leasing costs.
NB:Not all the airlines being sold will they lease back.

Think of it like when corporates sell buildings then lease back e.g EABL with its HQ,Standard Chartered bank when they sold the former Head Office along Moi Avenue,Uchumi and Aga Khan walk building etc.


Applause Applause
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

ArrestedDev
#13793 Posted : Friday, September 20, 2019 4:42:49 PM
Rank: Member


Joined: 5/29/2016
Posts: 829
Location: Nairobi
Ericsson wrote:
cyruskulei wrote:
nairobby wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?





Sale and leaseback. I think this is a good way to go.


Someone educate me on sale and lease back concept.

What percentage is the leasing cost to sales price?


Ideally the leasing cost per anuum should not be above 30% of the sales price.
When they sell,they will get a lump sum money which they can then use for something else like paying down debt.
Leasing is like renting which means KQ is saved from incurring operational and maintenance costs with the hope that the revenue they get is able to cater for the leasing costs.
NB:Not all the aircrafts being sold will they lease back.

Think of it like when corporates sell buildings then lease back e.g EABL with its HQ,Standard Chartered bank when they sold the former Head Office along Moi Avenue,Uchumi and Aga Khan walk building etc.


I am very sure all the Dreamliners will be leased back.

The proceeds might go towards settling the outstanding loans used to acquire these planes.

Lease costs will be covered by KQ internal revenue and not the proceeds from the sale.

If the sale is successful, KQ loan book will reduce dramatically which translates to lower finance costs in the long run. There might be one off penalties to be incurred to terminate the loan contracts but this is minimal and does not outweigh the cost/burden being borne by KQ right now.
ArrestedDev
#13794 Posted : Friday, September 20, 2019 5:19:57 PM
Rank: Member


Joined: 5/29/2016
Posts: 829
Location: Nairobi
obiero wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?




Ngunze had this vision. He was hounded out.. The unions at KQ have repeatedly caused management to freeze their thinking capacities. KQ as an airline should not be loss making


No vision here at all. Option like this is normally taken as the last resort. If KQ is struggling to repay the loans now using internally generated revenues what about lease back costs which have more stringent terms.

The CFO must have differed with the CEO and his advisers on this issue and hence partly contributed to her suspension. The calculations might have shown that sale and lease back costs are nearly the same as the current loan repayments for these aircrafts. Moreover, the loans are guaranteed by GOK and repayments sometimes are delayed and waivers obtained.

obiero
#13795 Posted : Saturday, September 21, 2019 10:42:42 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,457
Location: nairobi
ArrestedDev wrote:
obiero wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?




Ngunze had this vision. He was hounded out.. The unions at KQ have repeatedly caused management to freeze their thinking capacities. KQ as an airline should not be loss making


No vision here at all. Option like this is normally taken as the last resort. If KQ is struggling to repay the loans now using internally generated revenues what about lease back costs which have more stringent terms.

The CFO must have differed with the CEO and his advisers on this issue and hence partly contributed to her suspension. The calculations might have shown that sale and lease back costs are nearly the same as the current loan repayments for these aircrafts. Moreover, the loans are guaranteed by GOK and repayments sometimes are delayed and waivers obtained.


Have you factored depreciation?
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
muandiwambeu
#13796 Posted : Sunday, September 22, 2019 7:10:10 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,167
obiero wrote:
ArrestedDev wrote:
obiero wrote:
cyruskulei wrote:
Zichi wrote:
Can anyone confirm that KQ is selling its six dreamliners? Just seen something like that on business daily. @Maka?




Ngunze had this vision. He was hounded out.. The unions at KQ have repeatedly caused management to freeze their thinking capacities. KQ as an airline should not be loss making


No vision here at all. Option like this is normally taken as the last resort. If KQ is struggling to repay the loans now using internally generated revenues what about lease back costs which have more stringent terms.

The CFO must have differed with the CEO and his advisers on this issue and hence partly contributed to her suspension. The calculations might have shown that sale and lease back costs are nearly the same as the current loan repayments for these aircrafts. Moreover, the loans are guaranteed by GOK and repayments sometimes are delayed and waivers obtained.


Have you factored depreciation?

How about kideroism factor as figured in the prints!?¿β€½
,Behold, a sower went forth to sow;....
Ericsson
#13797 Posted : Monday, September 23, 2019 2:23:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,983
Location: NAIROBI
KQ at 2.30 per share
maka
#13798 Posted : Monday, September 23, 2019 2:49:42 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,295
Location: Nairobi
JJ got another plane...6 and counting...3 more in the pipeline...
possunt quia posse videntur
maka
#13799 Posted : Monday, September 23, 2019 3:39:02 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,295
Location: Nairobi
Quietly...

https://www.standardmedi...ps-flying-to-gabon-benin
possunt quia posse videntur
maka
#13800 Posted : Monday, September 23, 2019 3:41:27 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,295
Location: Nairobi
Impunity wrote:
maka wrote:
Libreville (just opened the other day)... and Cotonou to be closed... Well... πŸ€·πŸ½β€β™‚οΈπŸ€·πŸ½β€β™‚οΈ


Why close them?
ET will gobble them


Rem this....smile
possunt quia posse videntur
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