mwaswast
JF-Expert Member
- May 12, 2014
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Shirika linaendeshwa kidaladala Bro na pia hofu ya kukamatwa na yule mkulima inafanya ndege zisifanye kazi.
Loss making KQ to sell her 6 Dreamliners in trying to avoid a collapse
Loss making KQ to sell her 6 Dreamliners in trying to avoid a collapse
- Thread starter Geza Ulole
- Start date
EZZ CHEZZ
JF-Expert Member
- Apr 10, 2011
- 1,230
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Wafu mnakokotana. Tafuteni mwanafunzi wa secondari anayesoma book keeping awaeleze ni kwa nini hesabu za ATCL haziendi public. Hili jukwaa ni kwa ajili ya watu wazima pekee, si watoto.
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Geza Ulole
JF-Expert Member
- Oct 31, 2009
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- #43
Nicxie
JF-Expert Member
- Jun 20, 2017
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Sasa unajiona umereason sana!! Kwa hivyo hizi kampuni zote zinazoweka hesabu zao public hawajasoma book keeping?
Nicxie
JF-Expert Member
- Jun 20, 2017
- 18,216
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And yet they are selling someone else's property! 😂 😂
Look at this fool
game over
JF-Expert Member
- Jan 1, 2016
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Yes, you can even transfer the lease.
Nicxie
JF-Expert Member
- Jun 20, 2017
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And still pocket the money and make billions in the process as the article says! 😂 😂
Enyewe wewe ni mjinga and desperate at the same time!
game over
JF-Expert Member
- Jan 1, 2016
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Hahaha, umepanic brother.
Nicxie
JF-Expert Member
- Jun 20, 2017
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Are you referring to yourself?
Uhuru n Umoja
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- May 25, 2016
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Geza Ulole
JF-Expert Member
- Oct 31, 2009
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MY TAKE
Maumivu kwa KQ baada ya KLM kuanza kwenda Zanzibar directly, saahii another Skyteam partner wao is also to fly to Zanzibar nyomi la over 54,000 PAX la kuwapeleka Zanzibar watalii toka Nairobi lina-exaporate in thin air!
BTW i foresee Air France landing in Dar by next year especially upon a commence of EACOP
Nangoja mahesabu 2022 maana ni mwendo wa kunyukwa tuuu kwa KQ...
Geza Ulole
JF-Expert Member
- Oct 31, 2009
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yamesusa habari za electric trains and locomotives zimewakata utumbo wengi wao wamepatwa matumbo ya kuhara!
Geza Ulole
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- Oct 31, 2009
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Don YF
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- May 24, 2014
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How did I miss this thread, you condemned idiots to there place, alafu wakifinywa wanasemaga "umepanic" na hawajui maana ya ku panic ni nini., yaani hawana response to counter the knockout jab 😂 😂 😂 😂 😂 😂 😂 ,..,
Don YF
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- May 24, 2014
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Jambojet diversifies into cargo, eyes share of regional market
TUESDAY JANUARY 25 2022
Passengers board an airplane at Jomo Kenyatta International Airport (JKIA) during the launch of Jambojet's direct flight to the Eastern DRC city of Goma on September 10, 2021. PHOTO | LUCY WANJIRU | NMG
Budget carrier Jambojet will start cargo operations next month after receiving regulatory approvals from the aviation regulator to fly goods on its passenger flights on both local and regional destinations.
The airline, a subsidiary of Kenya Airways (KQ) , said on Tuesday that cargo operations starting in the second week of February will target regional routes such as Goma in the Eastern Democratic Republic of Congo.
Jambojet, which has been in operations since April 2014, will also ferry cargo to its local markets that include Kisumu, Mombasa, Eldoret and Malindi.
It will use the Dash 8-Q400 type of aircraft that it is currently using to ferry passengers on its routes to transport cargo on its routes.
The flight type that can accommodate up to 78 passengers can carry up to 1.2 tonnes of cargo on a single trip.
“Jambojet has received regulatory approvals from the Kenya Civil Aviation Authority (KCAA) to start ferrying cargo across local and regional markets where we operate and we are set to start next month,” said Jambojet managing director Karanja Ndegwa in an interview with Business Daily yesterday.
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He said that cargo transported in the domestic market weighing 45 kilogrammes and above, 100 kilogrammess and above and 250 kilogrammes and above will cost $45 (Sh5, 109), $60 (Sh6,813) and $70 (Sh7, 948) respectively.
Cargo transported in the domestic market such as Mombasa that weighs less than 45 kilogrammes will attract a fee of $35 (Sh3,974).
Cargo from Nairobi to Goma that weigh less than 45 kilogrammes will attract a fee of $100 (Sh11,355).
Those measuring 45 kilogrammes and above, 100 kilogrammes and above, 250 kilogrammes and above, 500 kilogrammes and above and 1,000 kilogrammes and above will attract a fee of $2.30 (Sh261), $2.26 (Sh256), $ 2.10 (Sh238), $2.05 (Sh232) and $2 (Sh227) respectively.
“The charges exclude third party charges which include handling and screening payable directly to the ground handling agents,” said Mr Ndegwa.
Jambojet currently has passenger operations in routes such as Mombasa, Kisumu, Eldoret, Lamu, Ukunda, Malindi and Nairobi.
The carrier flew 730,000 passengers last year out of a total target of 855,000 passengers. This was mainly in partnership with hoteliers and other tourism players in Coast that saw it offer low-cost tickets and packages to increase its market share.
It shelved plans to restart direct flights to Entebbe and Kigali last year due to strict Covid-19 containment measures, which have reduced demand on the route.
The airline plans to start cargo business on both local and regional routes barely a few months after it launched operations on the Goma route.
Jambojet started flying the route on September 10, becoming the first airline to directly connect the capital of North Kivu province and Nairobi.
The carrier said that passengers heading to Goma in the Eastern Democratic Republic of Congo will pay an average fare of Sh43,749 ($384.95) on a return ticket.
A one-way ticket will initially cost $190 (Sh21, 593) from Goma but $207 (Sh23,535) from Nairobi.
DRC market is currently served by the national carrier Congo Airways, which flies to eight domestic destinations, including Goma, Kinshasa and Lubumbashi.
The DRC route is becoming one of the favourite routes for carriers with airlines taking advantage of poor connectivity in that market.
Kenya, just like many other countries, is looking to leverage on the DRC market by diversifying its export destinations, particularly at a time the Covid-19 induced disruption has brought into focus the need for deeper inter-regional trade.
The airline is taking advantage of the huge opportunities the African market has to offer and the rising demand for air connectivity in the region.
“There is a growing demand for air transport across the continent, with the International Air Transport Association projecting that Africa will become one of the fastest-growing aviation regions within the next 20 years, with an average annual expansion rate of almost five per cent. We, as Jambojet, are keen to be part of this growth,” said Jambojet in a past interview.
Nicxie
JF-Expert Member
- Jun 20, 2017
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Hawa tunawaentertain tu. They gat nothing under their sleeves
Geza Ulole
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- Oct 31, 2009
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News
Kenya Airways to downsize fleet - report
Kenya Airways Boeing 737-800© Tis Meyer (PlanePics.org)22.02.2022 - 07:44 UTC
Kenya Airways (KQ, Nairobi Jomo Kenyatta) is planning to downsize its fleet to 30 aircraft, a move that may see more staff lay-offs as the flag carrier looks to cut costs, reports Kenya’s The Star newspaper.
This was in line with a recovery-and turnaround plan completed late last year for Kenya Airways by London-based consultants Steer Group, according to an unnamed well-placed source.
According to the source, Kenya Airways is considering reducing its fleet of B787-8s to five, and the number of its ERJ 190-100AR’s to ten.
However, chairman Michael Joseph said no decision had been made yet. “Nothing has been decided,’’ he told The Star.
Chief Executive Officer Allen Kilavuka was not immediately available for comment.
The airline currently operates a fleet of 36 aircraft, including fifteen E190s, as well as nine B787-8s (seven active), eight B737-800s, two B737-700s (inactive), and two B737-300(SF)s, according to ch-aviation fleets advanced data. Nineteen aircraft are leased from amongst others Aviation Capital Group, BOC Aviation, Cross Ocean Partners, DAE Capital, Deucalion Aviation, GECAS, Goshawk, Macquarie AirFinance, and Nordic Aviation Capital, the ch-aviation fleets advanced module shows.
As reported, this comes as the Kenyan government has scrapped privatisation plans for Kenya Airways and plans to inject another KES26.56 billion shillings (USD233.7 million) into the carrier and other parastatals under the terms of a supplementary budget estimate presented to Parliament.
The country's Treasury has already allocated KES53.4 billion (USD470 million) in direct budget support to Kenya Airways for the fiscal year ending June 2022. The government is to absorb KES92.5 billion (USD814 million) of the airline's accumulated debts up until end-2020. Kenya Airways has also engaged Seabury Consulting to help it restructure its debt.
Meanwhile, the Kenya Airline Pilots Association (KALPA) and the Kenya Aviation Workers Union (KAWU) warned further lay-offs were not an option. "KQ must address corruption and system losses if it wants to remain competitive. Downsizing is not a solution to financial issues and growth," a KAWU spokesperson said.
A recovery plan dubbed the "Kenya Aviation Recovery Road Map " prepared by the lobby group last year calls for the diversification of Kenya Airways' business model through the establishment of secondary hubs, rapid expansion of profitable routes, replacing some of the E190s with larger aircraft such as B737-800s or Airbus A320 Family aircraft, and combination passenger/cargo options.
Kenya Airways ended 2020 with a workforce of 3,652, a loss of about 1,123 employees, mostly through resignations or voluntary early retirements.
Kenya Airways to downsize fleet - report
Kenya Airways (KQ, Nairobi Jomo Kenyatta) is planning to downsize its fleet to 30 aircraft, a move that may see more staff lay-offs as the flag carrier looks to cut costs, reports...
www.ch-aviation.com
Geza Ulole
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- Oct 31, 2009
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NairobiWalker
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🤣🤣🤣
Kafrican
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- Jan 26, 2015
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Mr. Geza Usisherehekee hio loss ya approx $140 million, Kumbuka tumetoka kwa loss ya $300m mwaka uliopita, Alafu read between the lines kwenyehio taarifa utaona lots of improvements interms of managment on KQ's part, yani wame minimize operational losses kabisa kwahivyo kwenye operations hakuna wastages tena kilichobaki sasa ni ku restructure debt repayments na watarudi to profitability!!!
Kuna taarifa hapo juu ilipost inaonyesha GoK itaipatia KQ $470 million,hii inatosha kuiwezesha KQ kupumzika kulipa madeni kwa angalau miaka miwili kisha wabaki na change ya kufanya route expansion..
Kenya Airways has narrowed its losses to Sh15.8 billion for the year ended December 2021, driven by cut in expenditure among them the renegotiated aircraft lease payments.
This is from the Sh36.2 billion, the worst in history, reported in 2020 when the Covid-19 pandemic took a toll on the aviation industry.
During the year under review, the airline's revenue increased 33 per cent to Sh70.2 billion from 52.8 billion in 2020.
This would have been higher, management says, were it not been restricted in the fourth quarter due to the Omicron variant and the ban and flights into the UAE.
The group uplifted 2.2 million passengers during the year, a 25 per cent increased compared to the prior year, but 57 per cent lower than 2019.
The cargo business uplifted 63,726 tonnes recording an improvement of 21 per cent over 2020.
During 2021, the airline still felt the impact of Covid-19 pandemic due to some restrictions and limitation on routes which affected routes such Dubai and Guangzhou.
The resumption of travel operations in 2021 however increased KQ's airline capacity by 11.5 per cent , but remained 65 per cent below the 2019 pre- pandemic levels.
Its lease liabilities decreased to Sh1.1 billion from Sh4.9 billion the previous year.
KQ, as it is known by its international code, reduced its operating cost to Sh6.8 billion from 2020's Sh27.1 billion. This translates to an operating margin of 9.6 per cent compared to 51 per cent in 2020.
"This is a testament to the tremendous work that the management is doing to improve revenue, contain costs and conserve cash," chairman Michael Joseph said.
The airline has been putting in place a number of measures in the last two years to remain afloat, among downsizing on staff.
KQ has failed to record a profit since 2014 and the losses have compounded the huge debts the airline took on to buy a fleet of new Boeing planes, pushing it into negative equity territory.
Its total assets are currently valued at Sh155.5 billion against a total liability (non-current and current liabilities) of Sh157.9 billion.
KQ now depends on the government for bail out.
Last year, the National Treasury committed to bailing out the airline after shelving plans to nationalise it.
According to a plan presented to the International Monetary Fund (IMF) last year, the exchequer said it was helping the airline source for reputable consultants to come up with a viable turnaround plan.
The Kenyan government agreed to assume $827.4 million of KQ's debt and provide financial support in FY2022 and FY2023.
In February, KQ said it will for the second time work with Seabury Consulting, a subsidiary of professional services giant Accenture to reorganise the company.
The consultancy firm will spearhead Kenya Airways' debt restructuring, which is estimated to cost upwards of $1 billion.
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Jambo muhimu la kuangalia hapo ni kwamba KQ (with the same number of aircrafts) imeweza kupunguza garama ya kuendesha kampuni kutoka Ksh 27.1 Billion hadi Ksh 6.8 Billlion na wakati huo huo mapato ya kampuni yaliongezeka kutoka Ksh 52.8 Billion hadi Ksh 70.1 Billion.
Hili si jambo dogo, Kuongeza mapato kwa asilimia 33% wakati umepunguza garama ya matumizi kwa asilimia 74%. Naipatia Kq miaka mitatu na itarudi kua kampuni ya kuleta faida ! Over to you ATCL!