Air Tanzania sinking in massive losses

Air Tanzania sinking in massive losses

mkorinto said:
kwamba wewe unaelewa ya tz kunizidi[emoji16][emoji16].
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Na wewe sasa unaelewa ya Kenya kuzidi wakenya wenyewe. Very interesting. Anyway, away from that, kila mtu anajua ATCL ilifufuliwa but that doesn't take away the fact that it has been in existence before 2017. When you mentioned that KQ is much bigger than ATCL, I couldn't help but laugh at your stupid argument.
 
Nicxie said:
Na wewe sasa unaelewa ya Kenya kuzidi wakenya wenyewe. Very interesting. Anyway, away from that, kila mtu anajua ATCL ilifufuliwa but that doesn't take away the fact that it has been in existence before 2017. When you mentioned that KQ is much bigger than ATCL, I couldn't help but laugh at your stupid argument.
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stupid argument,hasira hazisaidii.

sisi tukisema tunawajua vyema mnajipiga kifua kwamba tunawafatilia sana,tukiwapa data kuwahusu mnazikataa.
hii hali huku tz kwa kiswahili tunaiita kulala mbele.


sasa namimi cha kukusaidia ni kukueleza tu ATCL ni kampuni ambayo haiingizi hasara hata 1/8 ya ile KQ inaingiza,endelea kuugulia.
 
mkorinto said:
stupid argument,hasira hazisaidii.

sisi tukisema tunawajua vyema mnajipiga kifua kwamba tunawafatilia sana,tukiwapa data kuwahusu mnazikataa.
hii hali huku tz kwa kiswahili tunaiita kulala mbele.


sasa namimi cha kukusaidia ni kukueleza tu ATCL ni kampuni ambayo haiingizi hasara hata 1/8 ya ile KQ inaingiza,endelea kuugulia.
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Hasara ni hasara ndugu yangu. It doesn't matter how much it is in size. Mlifufua ATCL kupambana na KQ na mkakata viuno hadi vikateguka na kutubeza jinsi KQ inavyopata hasara ila tiyari mshaangukia pua! Hii biashara si Kama kuuza karanga za Diamond. Haiitaji makasiriko
 
Kenya’s Standard Digital has the story of how overseas banks have apparently carried out inspections of Kenya Airways’ planes in preparation for repossessing them, should new financing not come through for the airline. Per the story:

In a civil application filed at the Supreme Court of Kenya last month, KQ wants three banks opposed to the debt restructuring process to be compelled to change their mind because it is ‘just and necessary to safeguard the rights and existence’ of the airline.
“Whilst these lenders are supportive of the company’s restructuring proposal, these secured lenders have made preliminary preparations such as airline inspections to repossess such aircraft should the implementation of the company’s restructuring be delayed” KQ claimed in the court papers.
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Per Kenya Airways’ finance director:


“I confirm that the failure to determine this application and to set aside the orders granted to the first applicant (Equity Bank) will mean that the airline will in all likelihood imminently cease to operate as the financial accommodation it has been receiving from its creditors was on the basis of the restructuring being completed by end of August 2017.”
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The airline also claims that it faces “imminent collapse:”

KQ adds that it faces imminent collapse, with catastrophic consequences to the economy including job losses, creation of an air transportation crisis, loss of Kenya’s status as regional transportation hub, and systemic disruption in the banking sector.
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Unfortunately Kenya has faced some stability issues over the years (terrorism, ebola in the region, etc.), and while Ethiopian Airlines has been growing, Kenya Airways has been shrinking, and also performing worse financially. The airline presently has debt of Sh142.34 billion, which is equivalent to roughly 1.4 billion USD.

Several years ago Kenya Airways was planning a huge global expansion. For example, in 2011 they published a 10 year plan which saw them more than doubling their destinations and flying to six continents by 2021
 
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