Eye opener. Kumbe majirani wanatamba nguo za kuazima."KQ owns 20 planes while another 20 planes have been leased from other aviation firms, bringing KQ’s fleet to 40....However, the airline is still paying loans it took from foreign banks to buy 17 of the 20 aeroplanes, having fully paid for THREE..."
Source:
Cs Macharia reveals the ghost owners of planes at Kenya airways – Daily Active Kenya
"KQ owns 20 planes while another 20 planes have been leased from other aviation firms, bringing KQ’s fleet to 40....However, the airline is still paying loans it took from foreign banks to buy 17 of the 20 aeroplanes, having fully paid for THREE..."
Source:
Cs Macharia reveals the ghost owners of planes at Kenya airways – Daily Active Kenya
Hahahaha, you must be mad, until and unless you finish to pay full loan plus interest, the property is under ownership of the Bank(Financier). although you possess it under formal agreement, that's why your MPs said KQ owns only 3 of them.Kingereza kakuchanganya.
KQ has a fleet of 40.
20 it owns fully.
20 it pays leases.
When you take a loan with the bank to buy a car, you own that car whether you are still servicing the loan or not. The bank does not own the car.
Hahahaha, you must be mad, until and unless you finish to pay full loan plus interest, the property is under ownership of the Bank(Financier). although you possess it under formal agreement, that's why your MPs said KQ owns only 3 of them.
Your MPs do know much better how MoU works between Government and Bank, don't try to outsmart them, you are not smarter than them, unless your MPs are stupid, if they know nothing about KQ, then it confirms that Kenya is failed state
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Kenya imports food, then according to you even food you buy from loan, because Kenya borrows money to supplement it's budget deficit?, if your way of reasoning is correct, then Kenya borrows to pay for food, salaries and all other recurrent expenditures.If you can read English, soma hii statement.
If KQ did not own them, they would not be branded KQ.
It's the same way you've been buying ATCL planes using loans. Your government borrows money every year for the budget deficit, and part of this is being used to buy planes.
Your internal revenue is not enough to cover the budget, leave alone buying expensive planes.
You will pay for those planes for years.
View attachment 1042923
"KQ owns 20 planes while another 20 planes have been leased from other aviation firms, bringing KQ’s fleet to 40....However, the airline is still paying loans it took from foreign banks to buy 17 of the 20 aeroplanes, having fully paid for THREE..."
Source:
Cs Macharia reveals the ghost owners of planes at Kenya airways – Daily Active Kenya[/QUOTE
For my part kenya plays well is this area. If you are eligibal for a loan of up to 20 planes while you capacity is only 3 planes, it means that instead of using usd 250mil to only purchase one b 787 you use the same amount to earn a loan in which you are eligible up to 20planes that is tricky.
Mimi sio mkenya ila kiukweli kwa hili nawapongeza, badala nitumie usd 210000 kununua gemilang bus moja. Natumia hiohio usd kulipia 30percent scania loan ili kupata mabus matatu ya mkopo.
Hata tukija kwenye hesabu ya siku, kama ningepata faid ya bila mkopo kwa siku ya1mil, ila napata 500000 kwa kila gar baada ya mkopo kwa magari matatu napaya 1.5mil, ongezeko la 500000. Hapa hata nikisema niweke mtiririko vizur bado naweza kuwa na mtiririko ambao utanifanya niweze kopa tena mabus mengine wakat wewe bado unahangaika kutafuta faida ya bus moja tu.
Halafu hivi vitu sio vya kukimbilia tu mfano unanunua cash yanatokea yale ya ethiopia ambapo imebid waziground b 737 zote nani atapata hasara.
If you can read English, soma hii statement.
If KQ did not own them, they would not be branded KQ.
It's the same way you've been buying ATCL planes using loans. Your government borrows money every year for the budget deficit, and part of this is being used to buy planes.
Your internal revenue is not enough to cover the budget, leave alone buying expensive planes.
You will pay for those planes for years.
View attachment 1042923
The time you failed to pay the loan will detect who really owns the property between you and the bank, those 17 planes are owned by the bank even their ownership paperwork will read banks, KQ shall be given the fully approved ownership of the property after completion of the debt collection scheme from the bank.Kingereza kakuchanganya.
KQ has a fleet of 40.
20 it owns fully.
20 it pays leases.
When you take a loan with the bank to buy a car, you own that car whether you are still servicing the loan or not. The bank does not own the car.
Kingereza kakuchanganya.
KQ has a fleet of 40.
20 it owns fully.
20 it pays leases.
When you take a loan with the bank to buy a car, you own that car whether you are still servicing the loan or not. The bank does not own the car.
Watanzania zile flight za Mumbai tuna-zianzisha lini?
Ahaaa haaa haaa
You yaps as if KQ honours its debt obligation.
KQ coerced its lenders to be stakeholders of ailing business. Since then, no dividends have been paid to them.
You know what next, a technical solvency.
The time you failed to pay the loan will detect who really owns the property between you and the bank, those 17 planes are owned by the bank even their ownership paperwork will read banks, KQ shall be given the fully approved ownership of the property after completion of the debt collection scheme from the bank.
But for now KQ owns only 3 planes period.
But for now KQ owns only 3 planes period.