NairobiWalker
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- Oct 31, 2012
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Kabisa.
Ndege ya saba boeing 787 dreamliner
Ndege ya saba boeing 787 dreamliner
- Thread starter Emc2
- Start date
Miss iyna powers
Member
- Apr 26, 2018
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Je tungennua pangaboi moja na hilo kubwa mawili pangaboi likawa la ndani na kubwa moja likawa la nje na ndani na kubwa la pili likatoka nje tu hii isingefaa kuanza na Panga?
Geza Ulole
JF-Expert Member
- Oct 31, 2009
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Pia nyingine wamekodisha Omanair
REDEEMER.
JF-Expert Member
- Feb 22, 2015
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You had this number
But according to this latest report
Kenya: KQ Sells Two Planes in Bid to Shore Up Its Finances
Your total fleet knocking 34 now.
Mwanzi1
JF-Expert Member
- Sep 19, 2016
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Hata dreamliner zote (9) za KQ bado wanalipa mkopo.
NairobiWalker
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I didn't ask you to prove what we had, I asked you to prove what we have.
You only have two things to prove based on your claims:-
1. That KQ leases all her planes.
2. That KQ has a fleet of 35.
Do that and let's end this discussion.
REDEEMER.
JF-Expert Member
- Feb 22, 2015
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Hahaha having KLM there didn't work out
REDEEMER.
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Now you have 34, who told you 35?
Mkikuyu- Akili timamu
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- Feb 16, 2018
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(E190)- 15
(787- 8) -8
(737-800)-8
(737-700) -8
(737-300F) -2
Total 37 approx 35 considering they have sold several in 2017 and website may not be fully updated.
https://www.kenya-airways.com/plan-and-book/kq-fleet/boeing-737-800/en/
Geza Ulole
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News
Kenya Airways to take back sub-leased B777s, B787s
Kenya Airways Boeing 777-300ER© Kenya Airways
23 MAR 2018
Kenya Airways (KQ, Nairobi Jomo Kenyatta) is planning to take back its two B787-8s and three B777-300(ER)s, currently sub-leased to each of Oman Air (WY, Muscat) and Turkish Airlines (TK, Istanbul Atatürk), as part of its five-year growth plan, Chief Executive Officer (CEO) Sebastian Mikosz has disclosed.
The Kenyan carrier disposed of the five aircraft as part of a 2016 cost-cutting plan aimed at stemming continual losses through capacity cuts and network pruning.
Speaking to Bloomberg this week, Mikosz said the returning widebodies would allow Kenya Airways to boost revenue flows through the launch of as many as 20 new routes in Africa, Europe and Asia over the next five years. Board approval for the new plan will be sought in April. Kenya Airways currently operates a widebody fleet of seven B787-8s alongside two B737-700s, eight B737-800s, and fifteen EMB-190s on flights covering Kenya, as well as Sub-Saharan Africa, China, Thailand, India, the United Arab Emirates (UAE), Saudi Arabia, the Netherlands, France, and the United Kingdom.
The sub-leased B787-8s and B777s will return to Kenya Airways' service between September this year and December 2019. One of the returning aircraft will be used to operate the new Nairobi Jomo Kenyatta-New York JFK route that will be launched in October, he said.
In addition, the CEO added that talks with South African Airways (SA, Johannesburg O.R. Tambo) have taken place over possible cooperation in aircraft MRO as well as route joint-ventures.
Despite two years of restructuring, Kenya Airways has yet to register its first profit. For the first nine-months of FY2017/18, it posted a KES6.1 billion shilling (USD60.3 million) loss which it attributed to higher fuel costs and the negative impact of a prolonged electioneering period.
However, average monthly losses have improved declining to KES677 million in 2017 from KES830 million in 2016.
About Kenya Airways
Type Scheduled Carrier
Base Nairobi Jomo Kenyatta
Aircraft 34
Destinations 53
Routes 76
Daily Flights 142
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inShareKenya Airways to take back sub-leased B777s, B787s
Geza Ulole
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- Oct 31, 2009
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By BRIAN NGUGI
More by this Author
SUMMARY
- KQ says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes.
- The sub-leases were executed as part of the company’s efforts to cut operating costs at a time when slow revenue growth and mounting liabilities have kept it in the loss territory.
- The airline had earlier said the contracts would reduce the airline’s fleet costs by an equivalent of Sh8.4 billion annually, indicating that sub-leasing at a loss is a lesser evil compared with maintaining a bloated fleet.
ECONOMY
Kenya Airways in Sh2.6bn plane sub-lease losses
THURSDAY, SEPTEMBER 7, 2017 21:00
A KENYA AIRWAYS PLANE AT THE JOMO KENYATTA INTERNATIONAL AIRPORT (JKIA) IN NAIROBI. FILE PHOTO | NMG
Kenya Airways has reported a Sh2.61 billion loss on the sub-lease of its aircraft, indicating the heavy burden that the national carrier continues to shoulder from previous years of rapid expansion that was not matched by proportionate growth in customer demand.
KQ, in its freshly released annual report for the year ended March 2017, says aircraft recently leased out to reduce the airline’s over-capacity were yielding less rentals than the cost charged by the primary owners from whom it bought the planes.
During a similar period last year, KQ incurred Sh4.05 billion loss from aircraft sub-leasing contracts, which means the national carrier cut last year’s loss by more than a third.
The sub-leases were executed as part of the company’s efforts to cut operating costs at a time when slow revenue growth and mounting liabilities have kept it in the loss territory.
Former KQ chief executive and now board advisor Mbuvi Ngunze said the sub-lease deals were signed to mitigate even larger losses it would have otherwise incurred from cancelling the purchase contracts at a time when it could not fly the planes profitably itself.
KQ says in the latest report it sub-leased two B787-8 Dreamliners to Oman Air, sub-leased three B777-300ERs to Turkish Airlines, sold one B777-200ER and returned two leased E170 aircraft to their owners following an agreement to terminate the leases early.
As such as at the end of 31 March, this year, the airline had 39 aircraft, either owned or on operating leases.
These comprised one Boeing B777 wide-body jet, seven Boeing 787 wide-body jets, twelve Boeing 737 narrow body jets, fifteen Embraer regional jets, two Boeing 737 freighters; formerly passenger aircraft and two Bombardier Dash 8-400s.
The loss-making leasing contracts however still represent a heavy cost to shareholders of unwinding the rapid expansion of yester years.
The airline had earlier said the contracts would reduce the airline’s fleet costs by an equivalent of Sh8.4 billion annually, indicating that sub-leasing at a loss is a lesser evil compared with maintaining a bloated fleet.
READ: KQ leases two more planes to Turkish, Oman Air
ALSO READ: KQ plane disposals down to two after Turkish lease
Sub-leasing the aircraft, non-renewal of other leases and sale of several airplanes saw KQ’s fleet drop to 39 units in the year ended March 2017, compared with 47 units the year before.
The airline plans to further scale back its capacity in the current financial year to cut costs.
“The coming year will see a more stable fleet with only one change planned – the sale of one B777-200ER. The focus will be on ensuring the cabin product offered to our guests across the fleet is consistent and of a high standard,” says the airline.
READ: KQ plane sales and leases to earn carrier Sh11bn
KQ has been targeting a reduction of its wage bill as part of a wider cost cutting drive in a bid to return to profitability after having reported the worst losses by a listed firm in Kenya in 2015 and 2016.
These measures resulted in an improved bottom-line in the year ending March 2017 even as turnover fell during the financial year by Sh10 billion to Sh106 billion.
“In the last one year and a half, Kenya Airways has taken some hard decisions including reducing the number of aircraft it has in operation, restructuring its network, as well as making substantial changes to other aspects of the business including the manner in which it is financed, with the objective of ensuring its financial and operating sustainability,” says the airline.
https://www.businessdailyafrica.com...se-losses/3946234-4086998-120ybwjz/index.html
NairobiWalker
JF-Expert Member
- Oct 31, 2012
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You only have two things to prove based on your claims:-
1. That KQ leases all her planes.
2. That KQ has a fleet of 35.
Do that and let's end this discussion.
Locci
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- Dec 16, 2017
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we boya nin?unaandaa masoko na biashara huna?.
kibongo bongo utaonekana tapeli!!
REDEEMER.
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And when we splitting equity of the KQ stakes distribution GoK itakua na less than 16 aircrafts assets (if all 35 aircrafts are price standardized) according to the 48.9% stakes in the plc
And the process may go deeper which may result GoK to have even 7 aircrafts
Mkikuyu- Akili timamu
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GoK stake is 48% 11% by NSE investors and 38% by KQ loan lenders(Banks)
So if we truely want to know how much of the KQ assets(Aircraft) are owned by GoK, they are about 1/2 of the fleet.
To note is that all ATCL Aircraft are owned by GoT
So if we truely want to know how much of the KQ assets(Aircraft) are owned by GoK, they are about 1/2 of the fleet.
To note is that all ATCL Aircraft are owned by GoT
achana na huyu malaya,huota akitombwa na kenya
REDEEMER.
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Prince Dos Santos
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Hayo ndiyo maendeleo tunayoyahitaji sása na si propaganda uchwara za kununua wapinzani
