Nipate

Forum => Kenya Discussion => Topic started by: Nowayhaha on December 15, 2022, 08:59:50 AM

Title: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 15, 2022, 08:59:50 AM
https://nation.africa/kenya/business/kenya-offers-us-investors-a-controlling-stake-in-kq--4055482
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 15, 2022, 09:13:46 AM
They should try selling it to middle eastern country like qatar - they seem to have a lot of money to waste considering their worldcup extravagance.

KQ should copy the Swiss Airline - who do lot of business just connecting flights in Europe.

KQ should not fly outside Africa except cargo planes - get someone like Qatar to do that - then focus on Africa.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 15, 2022, 09:27:29 AM
U.S. is nolonger interested in Civil aviation . Their focus now is on Military aviation.
They will never touch KQ because they know the underhand deals there.
The initial idea of nationalizing KQ was the best the only problem it would be run like a parastatal and the likes of Murkomen coming in Transport ministry would really kill it in a matter of seconds.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 15, 2022, 09:46:19 AM
KQ deserve to die so we can use the money in other ways. KK promised to give it two more years. They either fly or die. Gov should make it clear that they are not going to receive any more funding after two years.

KQ need to right size and down size - they can become Jambo Jet - regionally - and grow organically again.

U.S. is nolonger interested in Civil aviation . Their focus now is on Military aviation.
They will never touch KQ because they know the underhand deals there.
The initial idea of nationalizing KQ was the best the only problem it would be run like a parastatal and the likes of Murkomen coming in Transport ministry would really kill it in a matter of seconds.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 15, 2022, 08:40:19 PM
Delta Airlines?
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 15, 2022, 09:21:01 PM

Dont wet dream, the best Delta can do is conslutancy work and perhaps relook at the code sharing. About putting capital sahau. Take this to the bank.

Delta Airlines?
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 12:03:48 AM
Code sharing will be nice; many americans visit africa now and dont want to go through Europe if KQ can nail it;

Dont wet dream, the best Delta can do is conslutancy work and perhaps relook at the code sharing. About putting capital sahau. Take this to the bank.

Delta Airlines?
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 03:10:22 AM

Depends on the type of agreement , Delta have the full coverage of U.S. 
KQ has only JFK most East Africans are not interested with JFK meaning KQ could end up carrying 80 % of Delta passengers and end up being skewed like they had with KLM  and Amsterdam route.
Ruto should go slow on PR , he should let the experts do the deals and the talking . If you reread the tweet you can clearly see its just but smokescreen. Kibaki did alittle  talking and was the reason KQ was a success because he let the experts do their work, Ruto shiuld borrow a leaf .

Code sharing will be nice; many americans visit africa now and dont want to go through Europe if KQ can nail it;

Dont wet dream, the best Delta can do is conslutancy work and perhaps relook at the code sharing. About putting capital sahau. Take this to the bank.

Delta Airlines?
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 03:56:10 AM
You think meeting with delta just happen - and no groundwork has been done? KQ is in dire situation; it cannot be left alone; You only leave it alone once it can fly;

KQ crushed in 2012 under Kibaki watch. Moi did privatization in 1995.


Depends on the type of agreement , Delta have the full coverage of U.S. 
KQ has only JFK most East Africans are not interested with JFK meaning KQ could end up carrying 80 % of Delta passengers and end up being skewed like they had with KLM  and Amsterdam route.
Ruto should go slow on PR , he should let the experts do the deals and the talking . If you reread the tweet you can clearly see its just but smokescreen. Kibaki did alittle  talking and was the reason KQ was a success because he let the experts do their work, Ruto shiuld borrow a leaf .

Code sharing will be nice; many americans visit africa now and dont want to go through Europe if KQ can nail it;

Dont wet dream, the best Delta can do is conslutancy work and perhaps relook at the code sharing. About putting capital sahau. Take this to the bank.

Delta Airlines?
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 03:58:44 AM
KQ was fine - until Muhoho and Naikuni messed it up

1995.
An Initial Public Offer for shares is issued in March.

1997

Delivery of the first of four new Boeing 737-300 aircraft dedicated to domestic and African regional services.

Kenya Airways Msafiri frequent flier programme merges with KLM’s Flying Dutchman frequent flier programme.

1999

Voted African Airline of the Year by African Aviation Magazine (UK based publication).

2000

Named African Airline of the Year for the second year running by African Aviation Magazine.

2001

Named African Airline of the Year for third year running by African Aviation Magazine.

2003

Kenya Airways acquires 49% shareholding in Precision Air, a Tanzanian carrier.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 04:11:12 AM
Look like Ruto has tapped the Brilliant Ethiopian who turn-around ET

Interesting to see Tewolde Gebremariam , the former CEO of Ethiopian Airlines at a Presidential-level meeting with investors on the future of Kenya Airways.
/photo/1
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 04:15:26 AM
I am not sure if he is working for Delta or Kenya but would be a steal if kenya got him. It appears he retired this year citing health reason - but mostly due to Tigrayan crackdown in Adis I suspect.

That should be the man to be made KQ CEO or Chairman tomorrow.

https://globenewsnet.com/news/ethiopian-airlines-ceo-tewolde-gebremariam-quits-after-37-years/
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 04:27:53 AM
Tewolde Gebremariam
Senior Strategic Advisor at Delta Airlines. Former Group CEO of Ethiopian Airlines

That could be the man to fix KQ if delta agrees to buy a stake.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 04:33:14 AM
Look like code sharing has been going on for some time; so it likely KQ is being sold to Delta airlines - I'd give Delta 49 percent and allow them to manage it. That would be a big coup for Ruto administration in first few months and if they can get Tewolde Gebremariam to come and manage it - that would be incredibly brilliant.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 05:05:24 AM
Lol KQ crushed when Uhuru came to Presidency . Uhuru made it survive for almost 10 years and he is appreciated for it. kQ thrived under Kibaki from 2003 to 2012. Sometimes if you dont know anything KQ …Keep Quite ….

You think meeting with delta just happen - and no groundwork has been done? KQ is in dire situation; it cannot be left alone; You only leave it alone once it can fly;

KQ crushed in 2012 under Kibaki watch. Moi did privatization in 1995.


Depends on the type of agreement , Delta have the full coverage of U.S. 
KQ has only JFK most East Africans are not interested with JFK meaning KQ could end up carrying 80 % of Delta passengers and end up being skewed like they had with KLM  and Amsterdam route.
Ruto should go slow on PR , he should let the experts do the deals and the talking . If you reread the tweet you can clearly see its just but smokescreen. Kibaki did alittle  talking and was the reason KQ was a success because he let the experts do their work, Ruto shiuld borrow a leaf .

Code sharing will be nice; many americans visit africa now and dont want to go through Europe if KQ can nail it;

Dont wet dream, the best Delta can do is conslutancy work and perhaps relook at the code sharing. About putting capital sahau. Take this to the bank.

Delta Airlines?
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 05:06:49 AM

Hogwash with stupid awards ……..

KQ was fine - until Muhoho and Naikuni messed it up

1995.
An Initial Public Offer for shares is issued in March.

1997

Delivery of the first of four new Boeing 737-300 aircraft dedicated to domestic and African regional services.

Kenya Airways Msafiri frequent flier programme merges with KLM’s Flying Dutchman frequent flier programme.

1999

Voted African Airline of the Year by African Aviation Magazine (UK based publication).

2000

Named African Airline of the Year for the second year running by African Aviation Magazine.

2001

Named African Airline of the Year for third year running by African Aviation Magazine.

2003

Kenya Airways acquires 49% shareholding in Precision Air, a Tanzanian carrier.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 05:08:35 AM

Pundit naivety will finish you…..
Look like Ruto has tapped the Brilliant Ethiopian who turn-around ET

Interesting to see Tewolde Gebremariam , the former CEO of Ethiopian Airlines at a Presidential-level meeting with investors on the future of Kenya Airways.
/photo/1
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 05:25:59 AM
I am glad you're nowhere near Ruto gov.
I pray Delta buy KQ and let ET ceo run it.
Ruto would have saved kenya a lot of money.
That is my only interest in subject matter.
KQ go back to being none of my business.
It's only our business because we are using public money to bail it out.
That money can go to CDF or Hustler Fund.

US gov has no airline and likes of Delta are doing great.
Kenya need to sell this dead thing - and we can concentrate on really important things.

Like building schools.

I dont even ever consider KQ when buying an air ticket...just expensive for nothing.

Pundit naivety will finish you…..
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 08:51:10 AM
Yes Im not, but I can tell you something for free, If Ruto and Murkomen listens to the likes of you and return Kenya to Mois era where all National interests projects were failing, They will be home by 7 A.M. election day .If KQ goes down Ruto will go home thats a propaganda fodder. Moi killed Kenya Railways and it took UhuRuto to start SGR after almost 30 years . If Murkomen kills KQ Ruto will never be forgiven coz it will be the end of a National Airline for Kenya. Transport docket should be left for experts and not twitter wajuaji like Murkomen and RVpundit.

I am glad you're nowhere near Ruto gov.
I pray Delta buy KQ and let ET ceo run it.
Ruto would have saved kenya a lot of money.
That is my only interest in subject matter.
KQ go back to being none of my business.
It's only our business because we are using public money to bail it out.
That money can go to CDF or Hustler Fund.

US gov has no airline and likes of Delta are doing great.
Kenya need to sell this dead thing - and we can concentrate on really important things.

Like building schools.

I dont even ever consider KQ when buying an air ticket...just expensive for nothing.

Pundit naivety will finish you…..
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Githunguri on December 16, 2022, 09:49:25 AM
I think you people need to be speific on what ails KQ

Out of the 70BN annual revenues last year.I think:
3BN went to fuel.
16BN if am not wrong went to aircraft leasing.
The question is how much money went to labour?food supplies? aircraft maintenance? professional fees?
We're these services and goods at market value?

I think the challenge is that GOK owns 48% and local banks 38%..what that means is that the GOK and bank representatives broker goods and services at inflated or unfavorable costs...they take their cut and then GOK bails it out year in year out.its a cartel.

I think the solution is for Ruto to sell GOK stake of 48% and get his 10%management fee.. otherwise I think some thugs makes 5-10BN annually at the expense of tax payer.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:31:44 AM
Cry me a river and go wake up Moi in his grave.
KQ has to be killed or sold to save public finances
Look like Ruto has a deal to sell it to Delta Airlines.
Ruto and Murkomen time to shine is now - you and Uhuru and kibaki had 20yrs.

Yes Im not, but I can tell you something for free, If Ruto and Murkomen listens to the likes of you and return Kenya to Mois era where all National interests projects were failing, They will be home by 7 A.M. election day .If KQ goes down Ruto will go home thats a propaganda fodder. Moi killed Kenya Railways and it took UhuRuto to start SGR after almost 30 years . If Murkomen kills KQ Ruto will never be forgiven coz it will be the end of a National Airline for Kenya. Transport docket should be left for experts and not twitter wajuaji like Murkomen and RVpundit.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:37:27 AM
At outset gok and banks didnt want to own it;
They were forced to own it;
Their loans to KQ convert to shares as KQ is just broke.
Therefore Banks and Kenya Gov need to exit pronto.
Banks have no business in airline business - they found themselves in this situation because KQ couldnt repay the loan.
The first people to exit will be Kenya Banks - Central Bank will simply write SMS telling them sell now
And get your money - clean your balance sheet - and start lending money.
That Delta Airlines can buy at right prize.
Then gov should sell Delta another 20% - to make Delta stake 58% - that will also mean they will take over management
And will sort out mismanagement, leasing and corruption.

KQ was doing great post 1995 - because KLM were running finance and aviation dept.

Once under Kibaki - KLM were slowly kicked out - and kenyans put into finance - there was certain Mbugua fat dude and Naikuni who ate it.

Now we need to return a strategic partner like KLM - and I hope that is Delta.


I think you people need to be speific on what ails KQ

Out of the 70BN annual revenues last year.I think:
3BN went to fuel.
16BN if am not wrong went to aircraft leasing.
The question is how much money went to labour?food supplies? aircraft maintenance? professional fees?
We're these services and goods at market value?

I think the challenge is that GOK owns 48% and local banks 38%..what that means is that the GOK and bank representatives broker goods and services at inflated or unfavorable costs...they take their cut and then GOK bails it out year in year out.its a cartel.

I think the solution is for Ruto to sell GOK stake of 48% and get his 10%management fee.. otherwise I think some thugs makes 5-10BN annually at the expense of tax payer.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:40:07 AM
Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:45:27 AM
Before Alex Mbugua - KLM wazungu were running things smoothly - in critical KQ dept. You put a kenyan and he start corruption - and kills airline

This guy was CFO - before we allowed mwafrika to kill our airline.

Mr. Neil Canty
Group Finance Director, Mr. Canty, aged 56 years, is a Fellow of the Institute of Chartered
Accountants in England and Wales and has worked in the airline industry for some 20 years,
principally as Finance Director for a number of companies including British Airways CitiExpress,
British Midland and British Regional Air Lines Group PLC. The latter included dealing with its
successful flotation and full listing on the London Stock Exchange. During his career to date, he
has also gained some eight years international experience working in Kenya, The Netherlands,
Denmark, France and Australia. He joined the Board of Kenya Airways as Group Finance Director
in January 2005
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:51:28 AM
KQ before Kibaki mess
Naikuni - MD - just figure head but KLM run critical depts
Neil - CFO - finance director
Nuttall - CCO - commercial director
Allan Fullove - Technical director
Curschellas - Ground director.

That left wafrika running IT, HR, and such non critical depts.

Then we started putting mwafrikas - and airline died - as Naikuni was busy looking for pusey from crew while mbugua was busy stealing.

We have to be careful with Safaricom.... Ndegwa is solid but the chairman need to be fired pronto.
That corrupt John Ngumi will finish Safaricom
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 10:58:49 AM

Do you know why you never got an A ?
You start of with Brilliance then end it up like an E student.
what you have stated here is pure A material. Some times it better to stop ar that. The more you pretend to state your opinion the more  you end up destroying everything.

At outset gok and banks didnt want to own it;
They were forced to own it;
Their loans to KQ convert to shares as KQ is just broke.
Therefore Banks and Kenya Gov need to exit pronto.
Banks have no business in airline business - they found themselves in this situation because KQ couldnt repay the loan.
The first people to exit will be Kenya Banks - Central Bank will simply write SMS telling them sell now
And get your money - clean your balance sheet - and start lending money.



I think you people need to be speific on what ails KQ

Out of the 70BN annual revenues last year.I think:
3BN went to fuel.
16BN if am not wrong went to aircraft leasing.
The question is how much money went to labour?food supplies? aircraft maintenance? professional fees?
We're these services and goods at market value?

I think the challenge is that GOK owns 48% and local banks 38%..what that means is that the GOK and bank representatives broker goods and services at inflated or unfavorable costs...they take their cut and then GOK bails it out year in year out.its a cartel.

I think the solution is for Ruto to sell GOK stake of 48% and get his 10%management fee.. otherwise I think some thugs makes 5-10BN annually at the expense of tax payer.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 11:00:19 AM
lol

Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 11:03:47 AM
I got As in everything except in English moron.
There is absolutely nothing you can teach me;
Just make your point.
KQ problems are not in aviation - it mismanagement and corruption.
Gok by 1995 - when KQ was parastal - it was clear we had to exit.

You cannot make pre-1995 argument to take KQ back to parastal.

Do you know why you never got an A ?
You start of with Brilliance then end it up like an E student.
what you have stated here is pure A material. Some times it better to stop ar that. The more you pretend to state your opinion the more  you end up destroying everything.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 11:04:38 AM
We know these things.My best friend worked for KQ for donkey years. That fat idiot appointment in 2008 was genesis of KQ downfall. Naikuni was more interested in chasing girls but Mbugua basically brought usual kenya corruption - and killed the airline - and has now cost taxpayers gazillion of money.

We need someone like Ethiopian former CEO to come and manage things - with Wazungu  in all critical dept.

Then KQ will become pride of Africa again.

lol

Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: gout on December 16, 2022, 11:13:51 AM
Insightful discussion.

Nowayhaha - what is your beef with murkomen. Being a lawyer he could be the guy to negotiate better deals for Kenya in the intricate and expensive infrastructure and transport contracts.

We have had engineers, bankers and all who seem to have no grasp of the contracts just kickback part.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Githunguri on December 16, 2022, 12:06:45 PM
At outset gok and banks didnt want to own it;
They were forced to own it;
Their loans to KQ convert to shares as KQ is just broke.
Therefore Banks and Kenya Gov need to exit pronto.
Banks have no business in airline business - they found themselves in this situation because KQ couldnt repay the loan.
The first people to exit will be Kenya Banks - Central Bank will simply write SMS telling them sell now
And get your money - clean your balance sheet - and start lending money.
That Delta Airlines can buy at right prize.
Then gov should sell Delta another 20% - to make Delta stake 58% - that will also mean they will take over management
And will sort out mismanagement, leasing and corruption.

KQ was doing great post 1995 - because KLM were running finance and aviation dept.

Once under Kibaki - KLM were slowly kicked out - and kenyans put into finance - there was certain Mbugua fat dude and Naikuni who ate it.

Now we need to return a strategic partner like KLM - and I hope that is Delta.


I think you people need to be speific on what ails KQ

Out of the 70BN annual revenues last year.I think:
3BN went to fuel.
16BN if am not wrong went to aircraft leasing.
The question is how much money went to labour?food supplies? aircraft maintenance? professional fees?
We're these services and goods at market value?

I think the challenge is that GOK owns 48% and local banks 38%..what that means is that the GOK and bank representatives broker goods and services at inflated or unfavorable costs...they take their cut and then GOK bails it out year in year out.its a cartel.

I think the solution is for Ruto to sell GOK stake of 48% and get his 10%management fee.. otherwise I think some thugs makes 5-10BN annually at the expense of tax payer.

I think it's as good as sold and a good move..GOK won't be spending tax payer money to pay KQ thieves through goods supplied and services in the name of bailouts.

I've seen treasury I think over a month ago agreed to settle $500MN of the $800MN debt...i think it's as good as sold..It was a just a preparation to find a buyer.As long as there is proper corporate governance by a private entity,banks will not hesitate to convert their debt into shareholding and sell part of it.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 12:08:14 PM
I have no beef with Murkomen , he just isnt equiped with technical expertise and knowlegde to be CS of Transport.
He has the ear of Ruto but those experts are playimg him , they know he will last a maximum 2 years .They are running circles like on him demons.
Anyway Ruto gotta do what he gotta do....When he comes back from U.S. with empty basket utamuona. Ruto has no mercy very good at giving a chance but will be the first to tell you you never perfomed.

Insightful discussion.

Nowayhaha - what is your beef with murkomen. Being a lawyer he could be the guy to negotiate better deals for Kenya in the intricate and expensive infrastructure and transport contracts.

We have had engineers, bankers and all who seem to have no grasp of the contracts just kickback part.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 12:17:26 PM
You beef with Murkomen is mental and strange.
He is a mouthpiece of the ministry.
Technical details are btw Treasury (Owners of KQ) & KQ & Kenya Banks & KLM.
And Transport ministry really has no role... Murkomen come in if JKIA or KAA is touched.
He was not even in DC.
The decision to sell KQ to Delta cannot be Murkomen.
But it will be Murkomen job to sell the decision to kenyans.
And I dont doubt his ability to sell such decision to the public.
That really is the role of a minister.
You dont expect Murkomen to be aviation, railway, civil engineer, name it.
His job is political and you're hating him because you dont like the decision to sell to Delta - either out of some national pride or some undiclosed interest.

Ruto manifesto on KQ is clear - the problem was mismanagement - it will have two year to sort it out if not it dies.

I have no beef with Murkomen , he just isnt equiped with technical expertise and knowlegde to be CS of Transport.
He has the ear of Ruto but those experts are playimg him , they know he will last a maximum 2 years .They are running circles like on him demons.
Anyway Ruto gotta do what he gotta do....When he comes back from U.S. with empty basket utamuona. Ruto has no mercy very good at giving a chance but will be the first to tell you you never perfomed.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 12:23:15 PM

Lol , lets see if he will survive 2 years. I value Ruto since 1999, you and Murkomen I look at you different. Success……

You beef with Murkomen is mental and strange.
He is a mouthpiece of the ministry.
Technical details are btw Treasury (Owners of KQ) & KQ & Kenya Banks & KLM.
And Transport ministry really has no role... Murkomen come in if JKIA or KAA is touched.
He was not even in DC.
The decision to sell KQ to Delta cannot be Murkomen.
But it will be Murkomen job to sell the decision to kenyans.
And I dont doubt his ability to sell such decision to the public.
That really is the role of a minister.
You dont expect Murkomen to be aviation, railway, civil engineer, name it.
His job is political and you're hating him because you dont like the decision to sell to Delta - either out of some national pride or some undiclosed interest.

Ruto manifesto on KQ is clear - the problem was mismanagement - it will have two year to sort it out if not it dies.

I have no beef with Murkomen , he just isnt equiped with technical expertise and knowlegde to be CS of Transport.
He has the ear of Ruto but those experts are playimg him , they know he will last a maximum 2 years .They are running circles like on him demons.
Anyway Ruto gotta do what he gotta do....When he comes back from U.S. with empty basket utamuona. Ruto has no mercy very good at giving a chance but will be the first to tell you you never perfomed.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 12:24:06 PM
KQ had 750M publicly guranteed; I think they've paid down to last 50M; Not 500M;
Treasury has accepted to pay 50M dollars.
That mean Kenya Gov shareholding with KQ will increase
As this debt will be converted to equity.
I think it's as good as sold and a good move..GOK won't be spending tax payer money to pay KQ thieves through goods supplied and services in the name of bailouts.

I've seen treasury I think over a month ago agreed to settle $500MN of the $800MN debt...i think it's as good as sold..It was a just a preparation to find a buyer.As long as there is proper corporate governance by a private entity,banks will not hesitate to convert their debt into shareholding and sell part of it.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 12:27:29 PM
Murkomen and I were at UON the same time - that time you were supporting KANU to destroy kenya.
It time you accepted to bow out and get lost.
Empty threats from you sound pretty hilarious - eti he will be fired in 2yrs :)
He is more likely to inherit Ruto mantle in 2032.

This new generation of leaders will do things differently.
And that is to secure public interest - and seal the hole KQ has dug in treasury.

Murkomen can use the money that Treasury send to KQ to build roads.
That is what will keep Murkomen in his job.

Nobody in kenya public cares about KQ - it a vanity uppity project for the rich.
99 percent of kenyan will never fly in their lifetime.

They dont care about KQ - they want roads built - and that will be Ruto failure or success in 2027.

Lol , lets see if he will survive 2 years. I value Ruto since 1999, you and Murkomen I look at you different. Success……
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Njuri Ncheke on December 16, 2022, 01:56:15 PM
Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758
I fully agree with you on this,this is first time you getting economics right,
Anytime I pass ole sereni i feel like shedding a tear because that is Naikunis KQ money stolen and hidden there. Naikuni fcuked up mbig time,his major mistake was buying oil eti in advance so that KQ Can have security then thereafter the peice of oil fell down making KQ incur huge losses overnight,as for Alex i don't know much about him But Naikuni should be hanged.
I remember shares traded at 110 before they plummeted to 30 bob then just evaporated,my dad was very pained with this as he is a shareholder.
Ruto is doing good there is nothing more we can get from KQ an old dog cant be taught new tricks hell even someone thinking of buying it is a miracle most likely it would have just wasted away.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Njuri Ncheke on December 16, 2022, 02:00:43 PM
I have no beef with Murkomen , he just isnt equiped with technical expertise and knowlegde to be CS of Transport.
He has the ear of Ruto but those experts are playimg him , they know he will last a maximum 2 years .They are running circles like on him demons.
Anyway Ruto gotta do what he gotta do....When he comes back from U.S. with empty basket utamuona. Ruto has no mercy very good at giving a chance but will be the first to tell you you never perfomed.

Insightful discussion.

Nowayhaha - what is your beef with murkomen. Being a lawyer he could be the guy to negotiate better deals for Kenya in the intricate and expensive infrastructure and transport contracts.

We have had engineers, bankers and all who seem to have no grasp of the contracts just kickback part.
Noway you maybe right on murkomen but you losing on the entire big picture brother,KQ as it is is lucky wven to have a suitor this is basically Mzito Ruto heavy lifting and ground work otherwise the airline would be declared bankrupt and redundant like many others the airline industry is ruthless a d unforgiving,maybe delta if it goes through kq can survive otherwise its on ICU
I wonder what other options you would think kq has??
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Kadudu on December 16, 2022, 02:05:48 PM
Anybody who had time to follow KQ's woes since 2009 would have noticed how Naikuni and Alex Mbugua introduced a corruption culture into KQ. The two helped political figures make big deals with KQ and in return the government turned a blind eye to the duo's corruption schemes.

Everything that had to do with KQ was auctioned by the duo. The servicing of the jets, the purchasing of spare parts, the recruitment of personel, the catering for the flights etc. Everything was up for sale. The duo made millions on their part and the airline went down the drain.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 02:33:55 PM
Exactly.
Whoever appointed Alex Mbugua is one who sunk KQ.
I won't blame Naikuni that much - he was generally busy chasing after air hostess and rearing his cattle in the weekend.
Maybe only asset he got was Ole Sereni - together with Saitoti.
Alex Mbugua is one who facilitated mega corruption with Kibakis and Kenyattas.
And he stashed KQ money abroad.

It appears he didnt have any qualification to be finance director - seem like a pilot.

I suspect Nowayaha is one of his agent in Russia

Anybody who had time to follow KQ's woes since 2009 would have noticed how Naikuni and Alex Mbugua introduced a corruption culture into KQ. The two helped political figures make big deals with KQ and in return the government turned a blind eye to the duo's corruption schemes.

Everything that had to do with KQ was auctioned by the duo. The servicing of the jets, the purchasing of spare parts, the recruitment of personel, the catering for the flights etc. Everything was up for sale. The duo made millions on their part and the airline went down the drain.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 02:39:09 PM
"National flag carrier, Kenya Airways, has a new finance director.

Alex Mbugua becomes the first Kenyan to hold the position after more than 10 years in the hands of foreigners."

This where rains started beating us.



...
ex Wainaina Mbugua

Alex is the Executive Chairman and Founder of QED Solutions Ltd. QED is a reseller of cutting edge and niche business management solutions in Kenya and the East Africa region. QED has an impressive portfolio of solutions focusing on eProcurement, Financial Management and Agribusiness that have been successfully implemented in many companies in the region in a wide variety of industries.

Previously, Alex was CFO of Kenya Airways Ltd for 8 years. Prior to that, Alex worked in South Africa first as a BPO consultant with PricewaterhouseCoopers and then as CFO for the largest gold mining company at the time, AngloGold Ashanti. In all his roles, Alex was keen to learn more about improving businesses processes and outcomes with technology.

Alex in as Harvard Alumnus having obtained his Advanced Management Program (AMP) certification from Harvard Business School in 2012. Alex also graduated in 2002 with a joint MBA from NYU and Wits Business School of South Africa. Alex is also a Certified Public Accountant (CPA) having attained his CPA certification in 1989 while working for his first employer KPMG in Nairobi Kenya.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 02:48:08 PM
I really doubt he was CFO of Anglo Gold Ashanti. No way those jews would trust him. I dont see anything that corroborate he was ever CFO of AngloGold Ashanti. He is only one claiming it.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 07:44:49 PM
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Githunguri on December 16, 2022, 08:09:56 PM

There is no top economist.

I think Kenyatta affiliated companies were major lenders, aircraft lessors and suppliers of major goods and services to KQ.Once GOK exits KQ,they are done.

If Raila was fuel supplier..I think his contract is already cancelled.

The goal here is to destroy Kenyatta.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 08:57:35 PM
No the goal is to save kenya tax payers money from further filling rabbit hole with no end in sight.
The goal here is to destroy Kenyatta.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 10:12:02 PM
kQ was making profits for 10 years under Naikuni with exception of 2009. After Project Mawingu which brought in Embraers 777-300 and 787, KQ problems started . Thats the genesis of the problems .


Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 10:15:37 PM
With or without Alex Mbugua KQ was bound to fly into turbulence after Mawingu project . How many Mzungus wer brought including A CEO from Poland and Safaricoms Michael Joseph and still KQ was not able to redeem itself .

Before Alex Mbugua - KLM wazungu were running things smoothly - in critical KQ dept. You put a kenyan and he start corruption - and kills airline

This guy was CFO - before we allowed mwafrika to kill our airline.

Mr. Neil Canty
Group Finance Director, Mr. Canty, aged 56 years, is a Fellow of the Institute of Chartered
Accountants in England and Wales and has worked in the airline industry for some 20 years,
principally as Finance Director for a number of companies including British Airways CitiExpress,
British Midland and British Regional Air Lines Group PLC. The latter included dealing with its
successful flotation and full listing on the London Stock Exchange. During his career to date, he
has also gained some eight years international experience working in Kenya, The Netherlands,
Denmark, France and Australia. He joined the Board of Kenya Airways as Group Finance Director
in January 2005
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 10:17:35 PM

State which years they worked ……you need to stop googling my friend…..

KQ before Kibaki mess
Naikuni - MD - just figure head but KLM run critical depts
Neil - CFO - finance director
Nuttall - CCO - commercial director
Allan Fullove - Technical director
Curschellas - Ground director.

That left wafrika running IT, HR, and such non critical depts.

Then we started putting mwafrikas - and airline died - as Naikuni was busy looking for pusey from crew while mbugua was busy stealing.

We have to be careful with Safaricom.... Ndegwa is solid but the chairman need to be fired pronto.
That corrupt John Ngumi will finish Safaricom
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 10:19:01 PM

What was the name of your best friend and which department. Did he work in……

We know these things.My best friend worked for KQ for donkey years. That fat idiot appointment in 2008 was genesis of KQ downfall. Naikuni was more interested in chasing girls but Mbugua basically brought usual kenya corruption - and killed the airline - and has now cost taxpayers gazillion of money.

We need someone like Ethiopian former CEO to come and manage things - with Wazungu  in all critical dept.

Then KQ will become pride of Africa again.

lol

Yes this Alex Mbugua and Naikuni are genesis of KQ downfall.

The former Kenya Airways finance director Alex Wainaina Mbugua is seeking to be reinstated after he was sacked following a Sh29 billion loss at the airline.

https://www.businessdailyafrica.com/bd/corporate/companies/former-kq-finance-director-alex-mbugua-seeks-reinstatement-2112758
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:25:49 PM
You cannot put Mzungu who report to Mwafrika and expect any changes.
Its not about the colour.
Its not about tribes.
Michael Joseph now is kenyan and report to ministry; he is black to me; He is just better because he has more integrity than typical kenyan.
Before he reported to Vodafone; and didnt give a fu.ck about gov.

What we need is strategic partner running critical dept and they can only do that if they OWN substantial part of business.

KLM and Safaricom and many others are good example.

This is why Delta is good - because they bring their money and management - and can stand their ground.

If we bring Delta management  - and they report to harambee hse - it waste of time.

But if Delta second their staff - and they report to US - they can reject corruption & mismanagement.

With or without Alex Mbugua KQ was bound to fly into turbulence after Mawingu project . How many Mzungus wer brought including A CEO from Poland and Safaricoms Michael Joseph and still KQ was not able to redeem itself .
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:29:45 PM
Eti state which year they worked :) I started my life in Embakasi; pale Ndege sacco; and knew gazillion of KQ & KAA folks.

Mbugua got fat and fat literally; KQ got thin & thin; firing people every year as it went under.

And having tried to cross check his CV - i think he is real crook - there is no evidence he worked where he claims.

Everyone knows Mbugua was pushed by Muhohos and Kibakis to steal from KQ - which was then BLUE CHIP.

Kibaki and Kenyatta killed KQ.

Moi rescued KQ - it was perhaps only airline to survive in Africa outside ET - and that happened in 1995 - by bringing in KLM as strategic investor.

When Money started flowing - and politician wanted bribes from Boeing and Jet fuel suppliers it died.

NB: You must be a moron to imagine I will tell you who my friend was - but he worked in KQ business intelligence section and had access to all data.


Of course getting KLM-AIR france now is impossible - so if Ruto can nail DELTA - he would have saved KQ AND Tax payers.

State which years they worked ……you need to stop googling my friend…..
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 10:39:43 PM

So the Mzungus you mention were reporting to ?
All report to the board , Actuallly Michael Joseph is the only Mzungu to have chaired the Board post Independence ….how about that…

You cannot put Mzungu who report to Mwafrika and expect any changes.
Its not about the colour.
Its not about tribes.
Michael Joseph now is kenyan and report to ministry; he is black to me; He is just better because he has more integrity than typical kenyan.
Before he reported to Vodafone; and didnt give a fu.ck about gov.

What we need is strategic partner running critical dept and they can only do that if they OWN substantial part of business.

KLM and Safaricom and many others are good example.

This is why Delta is good - because they bring their money and management - and can stand their ground.

If we bring Delta management  - and they report to harambee hse - it waste of time.

But if Delta second their staff - and they report to US - they can reject corruption & mismanagement.

With or without Alex Mbugua KQ was bound to fly into turbulence after Mawingu project . How many Mzungus wer brought including A CEO from Poland and Safaricoms Michael Joseph and still KQ was not able to redeem itself .
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 10:44:00 PM
Dont be Obtuse.
When KLM signed on - there was agreement - KLM senior staff reported to Amsterdam - not Ministry or board - those are PRs.
They come to kenya mostly as secondment.
The same with Vodafone and Safaricom.

MJ was able to run Safaricom which is KQ SIBLING because he didnt give f>ck - Vodafone would call Moi or kibaki directly if it ever get there - if not Prime Minister of UK.

KQ and Safaricom have parastal hangover - but KLM and Vodafone help them. KQ for long was parastal - and most initial staff of Safaricom were Telkom guys.

Obviously staff didnt like KLM or Vodafone because they made them work hard and didnt allow stealing.

Mwafrika bado IVA
Ethiopeans are disciplined and so are Rwandese.

Kenyans we cannot run airline or serious stuff - unless it personally owned - not gov owned.

James Mwangi run Equity well because he cares as he owns huge part of the business. Put him in KCB - and he wont care except make Treasury PS and Minister happy

So the Mzungus you mention were reporting to ?
All report to the board , Actuallly Michael Joseph is the only Mzungu to have chaired the Board post Independence ….how about that…
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 16, 2022, 11:05:22 PM
RV do you know you like Manufacturing lies , they were all reporting to KQ boards . The only thing is the Finance Director was also a member of board and he had veto powers.
Ive asked you can you showcase the years the Mzungus were working in KQ ?
If only you could learn to listen …….

Dont be Obtuse.
When KLM signed on - there was agreement - KLM senior staff reported to Amsterdam - not Ministry or board - those are PRs.
They come to kenya mostly as secondment.
The same with Vodafone and Safaricom.

MJ was able to run Safaricom which is KQ SIBLING because he didnt give f>ck - Vodafone would call Moi or kibaki directly if it ever get there - if not Prime Minister of UK.

KQ and Safaricom have parastal hangover - but KLM and Vodafone help them. KQ for long was parastal - and most initial staff of Safaricom were Telkom guys.

Obviously staff didnt like KLM or Vodafone because they made them work hard and didnt allow stealing.

Mwafrika bado IVA
Ethiopeans are disciplined and so are Rwandese.

Kenyans we cannot run airline or serious stuff - unless it personally owned - not gov owned.

James Mwangi run Equity well because he cares as he owns huge part of the business. Put him in KCB - and he wont care except make Treasury PS and Minister happy

So the Mzungus you mention were reporting to ?
All report to the board , Actuallly Michael Joseph is the only Mzungu to have chaired the Board post Independence ….how about that…
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 16, 2022, 11:08:27 PM
KQ was africa most exemplary airline when KLM was running it.
When big company like KLM or Vodafone invest - 40 percent - there are lot of hidden agreement - eti board :)
There are even gov to gov agreement - including diplomatic immunity - that is why you see Ruto in delta meetings - this not "board" decision
This is someone putting down huge money
That was from 1995

Dont sweat it.
Alex Mbugua and Naikuni killed it.
Together with Kenya Gov.

KLM have since refused to be part of it; They have watched their shareholding reduces to now 7%; they dont give a damn because they have written it off; it would have been more costly if they havent; we taxpayers have paid the price.

If Delta come in - you can bet they wont answer to Nairobi to US.
And there is nothing Murkomen will do.

And to run a company  - you need critical dept - finance being number one.

Mbugua was first african post 1995 privitisation and he SUNK KQ

RV do you know you like Manufacturing lies , they were all reporting to KQ boards . The only thing is the Finance Director was also a member of board and he had veto powers.
Ive told you can you showcase the years the Mzungus were working in KQ ?
If only you could learn to listen …….
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 17, 2022, 12:08:44 AM

President meeting a junior officer of an airline. RV you dont know anything about KQ . Zilch
Mbugua was a non factor .  Murkomen wont survive 2 years in Transport Ministry take that to the bank.

KQ was africa most exemplary airline when KLM was running it.
When big company like KLM or Vodafone invest - 40 percent - there are lot of hidden agreement - eti board :)
There are even gov to gov agreement - including diplomatic immunity - that is why you see Ruto in delta meetings - this not "board" decision
This is someone putting down huge money
That was from 1995

Dont sweat it.
Alex Mbugua and Naikuni killed it.
Together with Kenya Gov.

KLM have since refused to be part of it; They have watched their shareholding reduces to now 7%; they dont give a damn because they have written it off; it would have been more costly if they havent; we taxpayers have paid the price.

If Delta come in - you can bet they wont answer to Nairobi to US.
And there is nothing Murkomen will do.

And to run a company  - you need critical dept - finance being number one.

Mbugua was first african post 1995 privitisation and he SUNK KQ

RV do you know you like Manufacturing lies , they were all reporting to KQ boards . The only thing is the Finance Director was also a member of board and he had veto powers.
Ive told you can you showcase the years the Mzungus were working in KQ ?
If only you could learn to listen …….
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Wa Njambi on December 17, 2022, 06:55:13 AM
The goal is have KQ make Economic sense. If you remove all those shady deals like the "ghost" leases, KQ is a profitable company. It just needs a fresh slate.

No the goal is to save kenya tax payers money from further filling rabbit hole with no end in sight.
The goal here is to destroy Kenyatta.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 18, 2022, 06:53:47 PM
Ruto is on point. Nowayaha you're alone in this



I see where you coming form


David Otieno
@BusinessIntelKE
I remember at a book launch I was at recently someone proposed closure and one of KA's staff was around & the patriotism (maybe fear of employment loss) in them really made them argue against it
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 18, 2022, 10:18:03 PM
RV i think you either didnt get me or prentending not to…..
The initial reply was on point . What I said on the headline of the thread still stands. I can tell you for free Delta wont buy KQ, partnership ? They are already code sharing , there are many ways they can partnership.
Ruto is a human , you saw that with SGR , whatever he has said he can reverse it . Once he meets Aviation experts he will come to understand importance of a national airline, Murkomen just the other day said KQ contributes around 5% into Kenyas GDP . It would be suicidal to let KQ go under.
Quote
“I’m willing to sell the whole” of Kenya Airways Plc, Ruto said in an interview on the sidelines of the US-Africa Leaders Summit in Washington DC on Friday. “I’m not in the business of running an airline that just has a Kenyan flag, that’s not my business.”
Ruto spoke a day after meeting executives from Delta Air Lines Inc., the largest US airline by market value. He declined to provide details of the talks.
“Discussions with Delta are at a preliminary stage,” he said. The government is “looking for partnerships that will make Kenya Airways a profitable entity whatever that means, in whatever configuration, whatever form it takes,” Ruto said.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 18, 2022, 11:14:04 PM
What exactly is wrong with selling say 60 percent of KQ to Delta?
Or even 99 percent - it will still use JKIA as the hub - and the money would still come to Kenya?
It's better than having it dying.

What is unacceptable is to have KQ as parastal leeching on kenya public finance.

If you ask me I would sell 70% to Delta; Kenya gov keep 30%: I will let Delta run it KQ; kenya gov to run JamboJet.

Kenya Gov can concentrate on KAA and JamboJet.

RV i think you either didnt get me or prentending not to…..
The initial reply was on point . What I said on the headline of the thread still stands. I can tell you for free Delta wont buy KQ, partnership ? They are already code sharing , there are many ways they can partnership.
Ruto is a human , you saw that with SGR , whatever he has said he can reverse it . Once he meets Aviation experts he will come to understand importance of a national airline, Murkomen just the other day said KQ contributes around 5% into Kenyas GDP . It would be suicidal to let KQ go under.
Quote
“I’m willing to sell the whole” of Kenya Airways Plc, Ruto said in an interview on the sidelines of the US-Africa Leaders Summit in Washington DC on Friday. “I’m not in the business of running an airline that just has a Kenyan flag, that’s not my business.”
Ruto spoke a day after meeting executives from Delta Air Lines Inc., the largest US airline by market value. He declined to provide details of the talks.
“Discussions with Delta are at a preliminary stage,” he said. The government is “looking for partnerships that will make Kenya Airways a profitable entity whatever that means, in whatever configuration, whatever form it takes,” Ruto said.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 18, 2022, 11:36:45 PM

There is nothing wrong, what I pointed out is No American Investor can Buy KQ especially Delta Airlines. Go to your initial reply . You had figured it out.

What exactly is wrong with selling say 60 percent of KQ to Delta?
Or even 99 percent - it will still use JKIA as the hub - and the money would still come to Kenya?
It's better than having it dying.

What is unacceptable is to have KQ as parastal leeching on kenya public finance.

If you ask me I would sell 70% to Delta; Kenya gov keep 30%: I will let Delta run it KQ; kenya gov to run JamboJet.

Kenya Gov can concentrate on KAA and JamboJet.

RV i think you either didnt get me or prentending not to…..
The initial reply was on point . What I said on the headline of the thread still stands. I can tell you for free Delta wont buy KQ, partnership ? They are already code sharing , there are many ways they can partnership.
Ruto is a human , you saw that with SGR , whatever he has said he can reverse it . Once he meets Aviation experts he will come to understand importance of a national airline, Murkomen just the other day said KQ contributes around 5% into Kenyas GDP . It would be suicidal to let KQ go under.
Quote
“I’m willing to sell the whole” of Kenya Airways Plc, Ruto said in an interview on the sidelines of the US-Africa Leaders Summit in Washington DC on Friday. “I’m not in the business of running an airline that just has a Kenyan flag, that’s not my business.”
Ruto spoke a day after meeting executives from Delta Air Lines Inc., the largest US airline by market value. He declined to provide details of the talks.
“Discussions with Delta are at a preliminary stage,” he said. The government is “looking for partnerships that will make Kenya Airways a profitable entity whatever that means, in whatever configuration, whatever form it takes,” Ruto said.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 19, 2022, 12:23:06 AM
It all depends on the value proposition.
Africa Open Airspace is about to open up with 15 countries already trialing.
This huge opportunity that Ethiopia airline will eat alone - considering KQ and SAA are on their sick bed.
KQ now pick passengers in Accra and drop them in Senegal

Besides it easy to fix KQ management & corruption issues if they get us the Ethiopean former MD.
Rather than going around Kenyattas labyrinth of corruption with lots of webs - we sell it - and they negotiate with Delta.

And beside you havent offered any turn around plan that ensure kenya gov doesnt fund KQ by 2024.

We have already sunk way too much money.

Any turn around plan should not include sinking more capital. Murkomen need that money to build rural roads.


There is nothing wrong, what I pointed out is No American Investor can Buy KQ especially Delta Airlines. Go to your initial reply . You had figured it out.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Njuri Ncheke on December 19, 2022, 08:24:07 AM
Ruto is right government has no business running an airline especially in this era. If delta buys it that will be good riddance,we need the money Kenya was left broke by gatheca there is too much to do in this country.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 19, 2022, 12:04:01 PM
And how are Middle East and Ethiopian Airlines run ?

Ruto is right government has no business running an airline especially in this era. If delta buys it that will be good riddance,we need the money Kenya was left broke by gatheca there is too much to do in this country.
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Njuri Ncheke on December 19, 2022, 12:22:19 PM
And how are Middle East and Ethiopian Airlines run ?

Ruto is right government has no business running an airline especially in this era. If delta buys it that will be good riddance,we need the money Kenya was left broke by gatheca there is too much to do in this country.
Hehehehehe I intentionally did this to bait you was soo easy I knew you would ask that.
Now let me answer you those countries don't operate like Kenya which has rampant corruption and nepotism,KQ like pundit and others state is a channels for corruption cartels and others its their mbig cash cow thats why they milk it and just give it enough grass to keep it arive to continue milking it.
But Mzito wants to pull the rags straight from their feet,Those fighting for KQ to stay owned by government are selfish people who have milked KQ dry suppliers, contractors etc and tenderprenuers.
We can't allow this to countinue, the cartels must go down
Middle East and Ethiopia don't have that corruption and that's how they stay afloat because they are managed by a serious patriotic management that puts welfare of the country first,if you try that in Qatar Emirates or Ethiopia you will be instantly hanged.
But with our Naikunis and Mbuguas what do you expect???
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 19, 2022, 12:27:18 PM
Look like 49% will go. That should leave Delta as the major shareholder;
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 19, 2022, 12:30:26 PM
Exactly. We can do win-win. Still retain some ownership and pride - like before - when KLM run things.

Nowayaha is one of the cartels - and has been suckling KQ for his entire life. He is afraid of changes.

Safaricom is next victim of mwafrika. We need to sell more gov shares in Safaricom because cartels are moving there. Ngumi makes me uncomfortable.

Hehehehehe I intentionally did this to bait you was soo easy I knew you would ask that.
Now let me answer you those countries don't operate like Kenya which has rampant corruption and nepotism,KQ like pundit and others state is a channels for corruption cartels and others its their mbig cash cow thats why they milk it and just give it enough grass to keep it arive to continue milking it.
But Mzito wants to pull the rags straight from their feet,Those fighting for KQ to stay owned by government are selfish people who have milked KQ dry suppliers, contractors etc and tenderprenuers.
We can't allow this to countinue, the cartels must go down
Middle East and Ethiopia don't have that corruption and that's how they stay afloat because they are managed by a serious patriotic management that puts welfare of the country first,if you try that in Qatar Emirates or Ethiopia you will be instantly hanged.
But with our Naikunis and Mbuguas what do you expect???
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: RV Pundit on December 19, 2022, 12:51:34 PM
Looks Ruto is keen to sell the entire gov stake. The Banks should follow suit. KQ pride of Africa has become a big burden on tax payers for last 10yrs....taking in more losses than entire CDF budget.


Invalid Tweet ID
Title: Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
Post by: Nowayhaha on December 19, 2022, 06:47:36 PM