Why is everybody afraid to say the real owners of the planes that operate at Kenya Airways?
How on earth can a company that has since been making loss since 2012 be bailed for nine years by taxpayers?-- Over Sh 200 billion in 10 years…
How can you give Kenya airways a bailout of Sh 10 billion and give over 10 million youths Sh 2 billlion?
which goverment spends Sh 36 billion on education and Sh 10 billion on health. Education is secondary and health is primary. We can survive without education but not health. Health is wealth.
When did teachers became frontline workers and vulnarable
I am not a government economist,but those who advises the goverment are scums of the earth and they are nincompoops.
Folks the country is heading on the right direction
I heard they were leased from or through a certain powerful politician.
Anyway the details of which should come out. But I doubt will ever. I almost worked for that company but they were in deep financial trouble yet acting like they were not so hiring had ceased yet they needed people.
The investigations uncovered that the genesis of the extreme turbulence KQ is experiencing could be traced back to Anglo Leasing-type deals when top management and senior government officials formed special purpose vehicles (SPVs) to fleece the carrier.
Majority of these SPVs were incorporated in tax havens like the Cayman Islands, and through a complex web of transactions were buying and selling, or leasing to KQ aircraft at mind-boggling fees.
As such, the SPVs have, in essence, have continued to strangle the national carrier in a complex web that KQ cannot and will not easily get out from, unless something more radical happens. Media blackmail
Most of these SPVs were incorporated during the former CEO Titus Naikuni’s era, and Ngunze, who took over from Naikuni, was a high-ranking official at KQ.
Kenya’s local media attempt’s at disclosing these deals have been met with specific threats to journalists as well as the KQ executives withdrawing their adverts, at least until they play along. https://nairobilawmonthly.com/index.php/2015/06/10/kq-the-plight-of-africa/
Those planes were over priced and too many. That’s the genesis of this all. And whoever did that deal is too powerful to be touched. Then the staff for operations who were experienced got axed. Many probablyto cut the scrutiny.