Author Topic: Can Somebody Tell Murkomen No U.S investor can buy KQ  (Read 6420 times)

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #20 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #21 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #22 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

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #23 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

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #24 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

Offline Nowayhaha

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #25 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.

Offline Nowayhaha

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #26 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

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #27 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #28 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

Offline gout

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #29 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.
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline Githunguri

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  • EVERY KENYAN SHOULD HAVE A GUN.
Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #30 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.

Offline Nowayhaha

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #31 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #32 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.

Offline Nowayhaha

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #33 on: December 16, 2022, 12:23:15 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #34 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #35 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.


Offline Njuri Ncheke

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #36 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.

Offline Njuri Ncheke

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #37 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??

Offline Kadudu

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #38 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.

Online RV Pundit

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Re: Can Somebody Tell Murkomen No U.S investor can buy KQ
« Reply #39 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.