Michese
JF-Expert Member
- Feb 9, 2008
- 369
- 58
anafurahia sana maana anapenda tuangamie kabisa hata hajui kwanini nchi hii ni masikini,shame on him!
Kenya Airways does it again, truely the pride of africa
Kenya Airways does it again, truely the pride of africa
- Thread starter livefire
- Start date
anafurahia sana maana anapenda tuangamie kabisa hata hajui kwanini nchi hii ni masikini,shame on him!
livefire
JF-Expert Member
- Oct 31, 2011
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- Thread starter
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link....
http://seatplans.businesstraveller.com/airlines/Kenya-Airways
http://investorshub.advfn.com/boards/board.aspx?board_id=20347
Ownership
Kenya Airways is 30.94% owned by individualshareholders. Air France-KLM owns a further 26%, followed by the Kenyan government with 23%, Kenyan investors with 14.2% and foreign investors with 5.86%.
Tango73
JF-Expert Member
- Dec 14, 2008
- 2,180
- 1,291
kENYATTA ALIJUA KUTAWALA . Kawaachia urithi mzuri wakenya wa kuendesha nchi kiuchumi. Leo ona walivyo na heshima kubwa duniani kuwa wamekuza uchumi na kujenda jamii y adaraja la pili 10% africa mashariki na kati.
Sisi watanzania hatuna lolote la kujivunia siasa ya ujamaa na kujitegemea. Imetuachia wanasiasa waroho. wala rushwa na Mafisadi ambao hawamjali kabisaaa mtu asiye na kazi wala kukuza ATCL. Kweli Ujamaa na kujitegemea ulikuwa unatupeleka Jehanum. na bado mungu hajatuacha kutulaani kwa sababu ya kujifanya tunajua kuwatukana wayahudi wasio na hatia kwa sababu ya kurudi kwao ktk nchi yao ya ajadi. Baraza la maaskofu mko wapi kuiokoa nchi na laana hii ya mungu?
livefire
JF-Expert Member
- Oct 31, 2011
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Most recent data on shareholdings, #fleet capacity is alil bit out of touch. 2008/9 data.
Kenya Airways - AGE (African Growing Enterprises) File - IDE-JETRO
Ownership of Business
The airline is owned by individual Kenyan shareholders (30.94%), KLM (now Air France-KLM) (26%), Kenyan government (23%), Kenyan institutional investors (14.2%), foreign institutional investors (4.47%) and individual foreign investors (1.39%).
Kenya Airways - AGE (African Growing Enterprises) File - IDE-JETRO
Ownership of Business
The airline is owned by individual Kenyan shareholders (30.94%), KLM (now Air France-KLM) (26%), Kenyan government (23%), Kenyan institutional investors (14.2%), foreign institutional investors (4.47%) and individual foreign investors (1.39%).
livefire
JF-Expert Member
- Oct 31, 2011
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- Thread starter
- #45
Stroking national egos with talk about national airlines « Wolfganghthome's Blog
STROKING THE NATIONAL EGO WITH A NATIONAL AIRLINE
As Kenya Airways launched their long awaited new share rights issue last Friday the offer is active on the financial markets between April 02 and 27 it became evident once more that The Pride of Africa has since its initial privatization in 1996 established itself as an African aviation force to be reckoned with and now has ownership from across the region. Their shares trade not onlyat the Nairobi Stock Exchange but also at the Uganda Securities Exchange and the Dar es Salaam Stock Exchange, with Kigali on the horizon it is understood.
As THE regional airline it connects East Africa like no other in part due to the close partnership with Tanzanias Precision Air, andmany institutional and private investors from across the East African Community own shares. So does the Kenyan government by the way, holding 26 percent of the share capital.
The success story of the Pride of Africa has however also bred envy and of late taken on grotesque forms, with misguided politicians in the region calling for the return to the command economies of the 70s by forming national airlines . In the case of Tanzania it is a bottomless pit called Air Tanzania Corporation Limited, which gobbles up resources faster than the ink dries on the cheques written by government. With one single aircraft operational, and again only courtesy of government paying for the heavy maintenance the Bombardier Q 300 underwent in South Africa to pre-empt the plane from being auctioned to recover the outstanding dues for the MRO, ATCL is a mereshadow of what once used to be Air Tanzania, which covered the country and the region. Since then has Precision Air come up and turned into the predominant carrier of Tanzania, flying the flag across the sprawling country with more domestic destination thanany other airline before them operated to and into the wider region.
Much was said here in the past over the way the Tanzanian government is lukewarm at best and hostile at worst to such private investment incidentally echoed by leading economic professors speaking at an economic forum last week in Dar es Salaam, when they told amongst others President Kikwete that the time is now to embrace economic change and their missed opportunity to emulate the way Kenya and Kenya Airways went along since 1996.
Precision Air had an IPO, well undersubscribed with the just over 43 percent of the shares sold late last year, and here the Tanzanian government could have made a point, to embrace the company and acquire a significant share portion of either under 25 percent or over 25 percent even, to make the airline a quasi national airline. Instead of making a sound investment, sure to pay dividends in years to come, they optedto discard the consideration of value for money and keep pouring money into ATCL, alongside depriving the nation of greater funding for the health and education sectors.
Move on to Uganda, where in recent weeks talk of reviving Uganda Airlines has emerged, causing some very controversial exchanges between those in the know of the subject and those peddling the idea as the new chapter of the bible, well almost anyway. Uganda Airlines attempted privatization ended with the company being put into liquidation in 2001, when vested interests, if not outright greed, combined with a serious lack of understanding how aviation works, drove away suitors like South African Airways, British Airways and others.
Now, over a decade down the line, and having seen repeated failed upstarts like in privately owned East African Airlines, followed by Victoria International Airlines in which notably government had invested against all advice at the time, sections in government seem hellbent to try it once again. The investment in VIA written off, and having caused egg all over the faces of the various promoters and backers, it seems that the already empty coffers of government mayfind that more mega bucks will be asked for by people with cloud nine ambitions, withoutfully appreciating how complex and complicated the airline business really is. Leave alone that there is need for greater budgets in Uganda too for education, health and social services, there is likely not nearly enough money to create a new national airline and attract the industrys brightest to run it, give it the planes to match say RwandAir and find the economic environment conducive for long term survival
STROKING THE NATIONAL EGO WITH A NATIONAL AIRLINE
As Kenya Airways launched their long awaited new share rights issue last Friday the offer is active on the financial markets between April 02 and 27 it became evident once more that The Pride of Africa has since its initial privatization in 1996 established itself as an African aviation force to be reckoned with and now has ownership from across the region. Their shares trade not onlyat the Nairobi Stock Exchange but also at the Uganda Securities Exchange and the Dar es Salaam Stock Exchange, with Kigali on the horizon it is understood.
As THE regional airline it connects East Africa like no other in part due to the close partnership with Tanzanias Precision Air, andmany institutional and private investors from across the East African Community own shares. So does the Kenyan government by the way, holding 26 percent of the share capital.
The success story of the Pride of Africa has however also bred envy and of late taken on grotesque forms, with misguided politicians in the region calling for the return to the command economies of the 70s by forming national airlines . In the case of Tanzania it is a bottomless pit called Air Tanzania Corporation Limited, which gobbles up resources faster than the ink dries on the cheques written by government. With one single aircraft operational, and again only courtesy of government paying for the heavy maintenance the Bombardier Q 300 underwent in South Africa to pre-empt the plane from being auctioned to recover the outstanding dues for the MRO, ATCL is a mereshadow of what once used to be Air Tanzania, which covered the country and the region. Since then has Precision Air come up and turned into the predominant carrier of Tanzania, flying the flag across the sprawling country with more domestic destination thanany other airline before them operated to and into the wider region.
Much was said here in the past over the way the Tanzanian government is lukewarm at best and hostile at worst to such private investment incidentally echoed by leading economic professors speaking at an economic forum last week in Dar es Salaam, when they told amongst others President Kikwete that the time is now to embrace economic change and their missed opportunity to emulate the way Kenya and Kenya Airways went along since 1996.
Precision Air had an IPO, well undersubscribed with the just over 43 percent of the shares sold late last year, and here the Tanzanian government could have made a point, to embrace the company and acquire a significant share portion of either under 25 percent or over 25 percent even, to make the airline a quasi national airline. Instead of making a sound investment, sure to pay dividends in years to come, they optedto discard the consideration of value for money and keep pouring money into ATCL, alongside depriving the nation of greater funding for the health and education sectors.
Move on to Uganda, where in recent weeks talk of reviving Uganda Airlines has emerged, causing some very controversial exchanges between those in the know of the subject and those peddling the idea as the new chapter of the bible, well almost anyway. Uganda Airlines attempted privatization ended with the company being put into liquidation in 2001, when vested interests, if not outright greed, combined with a serious lack of understanding how aviation works, drove away suitors like South African Airways, British Airways and others.
Now, over a decade down the line, and having seen repeated failed upstarts like in privately owned East African Airlines, followed by Victoria International Airlines in which notably government had invested against all advice at the time, sections in government seem hellbent to try it once again. The investment in VIA written off, and having caused egg all over the faces of the various promoters and backers, it seems that the already empty coffers of government mayfind that more mega bucks will be asked for by people with cloud nine ambitions, withoutfully appreciating how complex and complicated the airline business really is. Leave alone that there is need for greater budgets in Uganda too for education, health and social services, there is likely not nearly enough money to create a new national airline and attract the industrys brightest to run it, give it the planes to match say RwandAir and find the economic environment conducive for long term survival
livefire
JF-Expert Member
- Oct 31, 2011
- 809
- 395
- Thread starter
- #46
Kenya Airways Friday launched a Sh 20.7 billion Rights issue to raise funds to increase its fleet and expand the air route network to link Nairobi to all African countries and the rest of the world.
The expansion programme, President Mwai Kibaki said, will besides improving inter-connectivity, allow flexibility in movement of both cargo and passengers.
Kenya Airways plans to double its fleet numbers from the current 34 planes to 68 through the expansion plan.
Speaking during the launch of the Kenya Airways Rights issue at Kenyatta InternationalConference Centre (KICC), the President challenged Kenya Airways to hasten expansion of Jomo Kenyatta International new passenger terminal Unit 4 to enhance the national carrier's capacity to meet increased traffic demands.
President Kibaki urged Kenya Airports Authority to involve other private sector players under Private Public partnerships to fast-track expansion of all airports and related infrastrucuture.
"Efficient aviation infrastructure facilitates internal and external trade through the quick movement of passengers and cargo. The Government is committed towards making investments in air transport infrastructure across the country", the President said.
President Kibaki challenged investors to take a greater business and social advantages to reap benefits from the millions of travelers who transit through the country annually.
"Today, Kenya Airways remains the fastest growing airline on the African continent and is pursuing an ambitious network expansion strategy to link all African countries with the world. Through this, Kenya Airways has madeNairobi, a regional air transport hub allowing for quick connections to most African cities", he observed.
He noted with appreciation that through well chosen alliances and partnerships, Kenya Airways has dominated the African continent skies with the airline's convenient regional and international connections becoming the lifeline for travelers from Africa and the rest of the world.
With regard to the Kenya Airways Rights Issue, The President urged Kenyans to take advantage of the opportunity to own the national carrier and strengthen it to retain its rightful status in the market.
President Kibaki affirmed that for Kenya Airways to achieve its ambitious growth plan,the national carrier needed to mobilize significant financial resources both in the form of debt and equity to invest in new planes and other facilities.
Noted he, "The rights issue we are launching today will be East Africa's largest Rights Issue. Kenya Airways is our national flag carrier airline. To retain this status, Kenyans have to continue to own more than 50 per cent of the airline's shares".
Saying the Government and other Kenyan investors ownership of about 60 per cent of Kenya Airways shares offers them the priorityto buy 886 million of the 1,477 million shares on offer, President Kibaki emphasized that it was imperative for the Kenyan investors to take up the new shares offered to them.
"The Government of Kenya and KLM have committed to take up their full entitlement in the Rights Issue. I hope that you will join us in investing in Kenya Airways and help turn its renewed dreams into reality" he said.
The Head of State commended the management of Kenya Airways for showing the way by being a leading airline and urged them to remain focused on the company's slogan - the pride of Africa'.
Addressing the same forum Transport Minister, Amos Kimunya expressed government's commitment to implement policies geared towards the realization of a well regulated air transport sector.
In order to consolidate Jomo Kenyatta International Airport's position as regional hub of choice for airlines operating in the continent, Mr Kimunya said the government was not only expanding and modernizing infrastructure in the airport but was also seeking to acquire Category One status to facilitate direct flights from Nairobi to the United States.
He affirmed that the government supported the national carrier's rights issue to ensure the undertaking is not only successful but also guarantee expansion of the airline attainment and even surpassing of the company's targets.
Others who addressed the colourful occasionincluded the Kenya's Airways CEO Titus Naikuni, President of the Royal Dutch KLM, Peter Hartman, the company's Executive Chairman Evanson Mwaniki and Permanent Secretary Transport Dr. Cyrus Njiru.
The expansion programme, President Mwai Kibaki said, will besides improving inter-connectivity, allow flexibility in movement of both cargo and passengers.
Kenya Airways plans to double its fleet numbers from the current 34 planes to 68 through the expansion plan.
Speaking during the launch of the Kenya Airways Rights issue at Kenyatta InternationalConference Centre (KICC), the President challenged Kenya Airways to hasten expansion of Jomo Kenyatta International new passenger terminal Unit 4 to enhance the national carrier's capacity to meet increased traffic demands.
President Kibaki urged Kenya Airports Authority to involve other private sector players under Private Public partnerships to fast-track expansion of all airports and related infrastrucuture.
"Efficient aviation infrastructure facilitates internal and external trade through the quick movement of passengers and cargo. The Government is committed towards making investments in air transport infrastructure across the country", the President said.
President Kibaki challenged investors to take a greater business and social advantages to reap benefits from the millions of travelers who transit through the country annually.
"Today, Kenya Airways remains the fastest growing airline on the African continent and is pursuing an ambitious network expansion strategy to link all African countries with the world. Through this, Kenya Airways has madeNairobi, a regional air transport hub allowing for quick connections to most African cities", he observed.
He noted with appreciation that through well chosen alliances and partnerships, Kenya Airways has dominated the African continent skies with the airline's convenient regional and international connections becoming the lifeline for travelers from Africa and the rest of the world.
With regard to the Kenya Airways Rights Issue, The President urged Kenyans to take advantage of the opportunity to own the national carrier and strengthen it to retain its rightful status in the market.
President Kibaki affirmed that for Kenya Airways to achieve its ambitious growth plan,the national carrier needed to mobilize significant financial resources both in the form of debt and equity to invest in new planes and other facilities.
Noted he, "The rights issue we are launching today will be East Africa's largest Rights Issue. Kenya Airways is our national flag carrier airline. To retain this status, Kenyans have to continue to own more than 50 per cent of the airline's shares".
Saying the Government and other Kenyan investors ownership of about 60 per cent of Kenya Airways shares offers them the priorityto buy 886 million of the 1,477 million shares on offer, President Kibaki emphasized that it was imperative for the Kenyan investors to take up the new shares offered to them.
"The Government of Kenya and KLM have committed to take up their full entitlement in the Rights Issue. I hope that you will join us in investing in Kenya Airways and help turn its renewed dreams into reality" he said.
The Head of State commended the management of Kenya Airways for showing the way by being a leading airline and urged them to remain focused on the company's slogan - the pride of Africa'.
Addressing the same forum Transport Minister, Amos Kimunya expressed government's commitment to implement policies geared towards the realization of a well regulated air transport sector.
In order to consolidate Jomo Kenyatta International Airport's position as regional hub of choice for airlines operating in the continent, Mr Kimunya said the government was not only expanding and modernizing infrastructure in the airport but was also seeking to acquire Category One status to facilitate direct flights from Nairobi to the United States.
He affirmed that the government supported the national carrier's rights issue to ensure the undertaking is not only successful but also guarantee expansion of the airline attainment and even surpassing of the company's targets.
Others who addressed the colourful occasionincluded the Kenya's Airways CEO Titus Naikuni, President of the Royal Dutch KLM, Peter Hartman, the company's Executive Chairman Evanson Mwaniki and Permanent Secretary Transport Dr. Cyrus Njiru.