Kenya Airways does it again, truely the pride of africa

[Mwembetayari]

Kenya Airways has announced its commencement of flights to the Indian Capital city, New Delhi starting May 15th 2012. The much anticipated service marks Kenya Airways' 57th global destination and 2nd in India subcontinent.
The launch of this new route highlights KQ's efforts to provide seamless travel and accessibility to travelers from Africa to India subcontinent and vice versa.
Kenya Airways will fly to New Delhi four times a week on a Boeing 767-300 as per the schedule below:
KQ220 departs Nairobi every Tuesday, Thursday, Saturday and Sunday at 1350hrs local time, arrives Delhi 2330hrs local time.
KQ221 departs Delhi every Monday, Wednesday, Friday and Sunday at 0050hrs local time, arrives Nairobi 0530hrs local time.
The new route highlights Kenya Airways ambitious growth plans to expand its network as part of its 10 year growth strategy. "New Delhi is the second city after Mumbai that we will be flying to India, we intend to open four more destinations in the sub continent as part of our 10 year expansion strategy," said Dr. Titus Naikuni, Kenya Airways Chief Executive Officer.
Dr. Naikuni noted that the destination has great business prospects as New Delhi is one of the largest cities in India, and the most preferred city in terms of information technology, investments, healthcare and government relations.
India's economic growth has averaged around 7% each year since 1997, making it one of the world’s largest emerging markets. According to industry forecasts, traffic flows between sub-Saharan Africa and India are expected to grow at a rate of 7.1% per annum over the next decade.
Kenya Airways remains the fastest growing airline in the continent and is pursuing a network expansion strategy that targets to link all African countries with the world, making it the airline of choice for travelers in the continent.
lndia has been aggressively promoting trade with Africa as it seeks to gain access to the continent’s emerging markets. The new route to Delhi seeks to expand and promote the bilateral and commercial relations between India and the African region.
India is Kenya’s sixth largest trading partner, with a vast business presence in the country. Recently, Kenya-India relations have improved buoyed by increasing bilateral trade that hit US $4.8 billion in 2010/2011.
Recently the airline announced a right issue offer to be launched on March 30th. The company hopes to raise Kshs20.7 billion from its shareholders.
Proceeds from the rights issue are projected to fund implementation of an ambitious 10-year expansion plan dubbed Project Mawingu; which would see the airline increase it number of destinations from the current 56 to 115 destinations by the year 2021.
Kenya Airways Kenya Airways launches direct flights to New Delhi - eTurboNews.com
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[Mtazamaji]

Jameni hebu nielimisheni Shirika la Tanzania Air bado lipo. Mbona tunasikia tu Precision Air ambayo pia inamilikiwa na Kenya Airways. by the way does Tanzania have an Air Force?. Naona kuna flightmania bongo.

Kweye mambo ya ATC tuishaboronga na ukweli kama kuna kiongozi ana ona mbali Serikai inatakiwa ikae mbai a uwekezeaji kweny ATCL. Iuze kabisa hata kama 100%

Wakati Kenya .South africa wanatesa kwnye anga tusijidanaye. itakuwa kupoteza muda na pesa kuiga. Badala yake Effort tu Tanzania na pesa yetu zinatakiwa kuelekezwa kweye namna namana ya kufufua, kuboresha na kuendeeza s miundombinu ya RELI YA KATI NA TAZARA

BInafsi NIkisikia waziri anaongelea kuleta used airbus/bing moja au mbii kwa ATCL nasema kwa nn hiz wasiwee kwenye reli.

If it was my decisin we should put our effort and concetrate our scarce resouces in RAILWaY. ATCL shud be abandoned and negeetd tottaly. Sio wakati wa kuapaisha Twiga kwa pride tu bila tija

 

[livefire]

u see.... u didn't even understand what i meant but always quick at bragging ati Kenya will benefit with Ugandan oil most while already the railway has been diverted! On proven economic sense u will only benefit via offering access of Ugandan oil to the overseas market since Museveni has refused to export crude! But that can change if let say Lake Tanganyika basin discovers oil since even the pipeline gateway will shift from the much talked Lake Albert to Kampala to Eldoret to maybe lake Albert-Kigoma-Tanga! U seem u were a very slow learner at school to discuss big issues that's why even a Bank of India slogan can arose u to make it a big story, damn grow up young boy....!

hey, slow down. Which railway are we talking about here? The last time i checked the chineese thought of your project as one bullish white elephant with nearly non existent ROI. Anyway, thats on the the lay lows.....if you discover oil, how does that connect with Uganda? Uganda will do the prudent thing, export via the shortest route possible via Kenya just as SS duped Ug on the Kenya deal. I forgot to mention Kenya has an existent pipeline infrastructure comparable to Tz. Talking of railways, have you seen the entire lapsset dossier, it has a separate rail system to Ug and its also intended to be electric not to mention employ a standard gauge to our western neighbour to ensure she remains appetized and not too mischivious in taking other routes.lol

 

[Munru]

why Not TZ airways ?????????????????????????????????????????????????????????????????????????????????????????????

 

[livefire]

why Not TZ airways ?????????????????????????????????????????????????????????????????????????????????????????????

nice question, Askari Kanzu wapi jibu?

 

[Kabaridi]

some people r fools imagine they r floating shares and a fool like Mbugua in the clip is saying " a calculator failed to translate US$ 3 bio. into Ugandan Shillings" yet they expect Ugandans to buy those shares! Typical of Kenyan arrogance wait till Ugandan oil start flowing to be yapping that nonsense! Just to assure him those shares will be snatched by foreigners than Kenyans themselves!

Ulole, bwana, calm down!! you think Ugandan investors are so neolithic that they will trade in USh, they will trade in dollars and another thing foreigners are a just a few in percentage. Uganda oil is a preserve for Kenyan market, LOL, even S.sudanese oil not to forget.

 

[matsuo]

On matters airlines, in Tanzania we are really down. ACTL is listed to only have two Bombardier Q300 air-crafts. One in good shape and the other was to undergo maintenance not sure whether it did. But all is not lost, on 21 November 2011; Air Tanzania began negotiations with Export Development Canada (EDC), to explore ways in which EDC can assist ACTL to acquire more air-crafts from Bombardier, a Canadian airplane manufacturer. ACTL has plans of increasing its fleet size to 11 aircraft within the next five years

 

[chitambikwa]

Kitunguliwe chama cha mapinduzi

 

[uporoto01]

Kenya airways that at present covers more than a half of African capitals plans to expand even further to cover all African capitals by the end of next year.The airline that has offered more shares for sale in April to foot the expansion bill is owned by KLM/Kenya government who own about half of all shares wth other investors holding the rest.

source: theeastafrican.co.ke

Linganisha hii na Air Tanzania inayoenda sehemu tano tu nchini-TAFAKARI.

 

[Mahesabu]

share na KLM halafu unataka kulinganisha na ATC?

 

[MadameX]

atleast wamejitahidi na nyie, yenu ndo imekufa kabisa

 

[klorokwini]

atleast wamejitahidi na nyie, yenu ndo imekufa kabisa

Sisi tumewekeza zaidi kwenye kusafiri kwa Ungo.

 

[uporoto01]

share na KLM halafu unataka kulinganisha na ATC?

KLM wana hisa asilimia 26% tu.
Miaka ya nyuma KLM walitaka wawe washirika wa Air Tanzania tukakataa wenyewe na shirika la ndege la China lilitaka kuinunua Air Tanzania wakaombwa rushwa asilimia 10% wakakimbia.Sasa tusaidiweje mkuu ?

 

[Nairoberry]

kweli kenya airways wanapiga hatua. lakini siwapendi sana manaake waliiangamiza shirika la taifa Air tanzania kwa kutumia precision air walipo na hisa karibu 70%

 

[Pianist]

Nimesoma hapa kwamba

Kenya Airways was established by the Kenyan Government on 22 January 1977, following the break-up of the East African Community and the consequent demise of East African Airways (EAA).

Sasa hawa jamaa wanajisifia kitu cha wizi kweli nyang'au ni nyang'au tu.

 

[Mkereketwa_Huyu]

Hivi Kikwete anapoona hivi anajisikiaje wakati we are supposed to be the power of east Africa?

 

[livefire]

68 new planes, eight freighters in Kenya
Airways US$3.6bn expansion plans
23 Mar 2012
According to Kenya Airways CEO, the airline
will spend US$3.6-billion over the next five
years on new planes and routes, mainly to
connect travellers between Africa and Asia,
Engineering News reports.
Titus Naikuni said trade between Africa and
China and India had soared in recent years,
growing at an annual rate of about 200
percent, creating huge opportunities in the
travel market, he added that extra aircraft
would enable the airline to start six new
routes to China, six new routes to India, a
service to Madrid as well as increase
frequencies on its numerous African routes.
Ranked as one of Africa's largest airlines
and 26% held by Air France KLM, Kenya
Airways will invest $250-million towards
funding the plan. "We are looking at African
markets [as well as Asia and India] and we
need to connect these three land masses."
Naikuni expects subscriptions to be "100%
if not more. It is going to be a success." Air
France KLM and the government, which
holds a 23% stake, had agreed to take up
their rights, he said.
Kenya Airways' current debt equity ratio
stands at around 1, allowing it to borrow a
further $2.2-billion. According to
Engineering News, Naikuni said that the
balance of the required funds would be
generated from internal resources, giving
the airline a chance to double its passenger
fleet to 68 planes and add eight freighters.
It currently operates a sole, leased freighter.
The airline is expecting 10 E-190 Embraer
jets due for delivery between July next year
through to 2013. It also signed a deal for
the purchase of 787-8 Dreamliner planes
with Boeing in April last year.

 

[livefire]

share na KLM halafu unataka kulinganisha na ATC?

The airline is owned by
individual Kenyan shareholders
(30.94%), KLM (26%),[2][28] the
Kenyan government (23%), Kenyan
institutional investors (14.2%),
foreign institutional investors (4.47%
) and individual foreign investors
(1.39%).[29] It has 2,408 employees
(at March 2007)

 

[Geza Ulole]

The airline is owned by
individual Kenyan shareholders
(30.94%), KLM (26%),[2][28] the
Kenyan government (23%), Kenyan
institutional investors (14.2%),
foreign institutional investors (4.47%
) and individual foreign investors
(1.39%).[29] It has 2,408 employees
(at March 2007)

give a source to back up this

 

[Geza Ulole]

Money Markets
Kenya Airways share falls below rights issue price

Kenya Airways issued profit warning due to drop in revenues. File

The Kenya Airways (KQ) share has slipped below the discounted rights issue price of Sh14, dealing a potential blow to the offer as it makes it more attractive for investors to buy the stock in the open market.
(Read: KQ prices rights issue at Sh14, eyes multi-billion-shilling loan)
The share has fallen steadily since the Sh20.6 billion rights issue plan was announced on March 9, closing at an average price of Sh13.65 in Thursday's trading, 2.5 per cent below the rights issue price. As a result, analysts predict that it will be more difficult for the national carrier to raise the huge shareholder capital it needs to advance its costly expansion plan.
"Why should I buy the share at Sh14 when I can get it at a cheaper price in the market?" posed Robert Munuku, a research analyst at Drummond Investment Bank
The last time the share touched this level was in 2004.
The airline plans to raise Sh20.6 billion through the rights issue, but has already secured nearly half the amount after getting guarantees for participation from the government and KLM, the two anchor shareholders.
The government and KLM have a combined shareholding of 49 per cent of the national carrier.
The balance of Sh10.6 billion is expected to come from other shareholders who own 51 per cent of the airline, in what is billed as the region's biggest ever cash call.
Analysts at Sterling Capital also said KQ's capital hunt is likely to be difficult.
"This might compromise the success of the issue, as shareholders may opt to buy the shares in the market at a lower price," said a report by the stockbrokerage firm.
Trading so far, Mr Munuku added, has been characterised by higher supply than demand for the KQ stock.
In Thursday's trading the share touched a low of Sh13.10 and a high of Sh14. "Supply was still solid with the best offers at Sh14 and the best bid at Sh13.60," said Sterling Capital's report on Tuesday.
Expectations that the price will remain stuck below Sh14 and projections of a drop in annual earnings for last year following a profit warning by the airline are fuelling the price drop, said Renaldo DeSouza, a research analyst at Genghis Capital. The national carrier announced a profit warning in January, which it said was a result of the eurozone crisis, rising fuel prices and turmoil in Egypt and the Nigerian markets towards the second-half of the year impacting revenues.
The airline has also been forced to suspend its flights to Mali following a coup, in what will see a further loss of revenues. The carrier flies three times a week to Bamako, the capital city.
"The share price is a function of both market sentiment and financial performance. The two appear to be working against the share at the moment," said Mr DeSouza.
In the 2010/11 financial year, the airline made a net profit of Sh3.5 billion.
Analysts added that the price drop is also driven by investor concerns that the rights issue may dilute ownership and also lower expected earnings.
(Read: KQ rights issue yet to get approval from Kampala and Dar)
jgachiri@ke.nationmedia.com

Kenya Airways share falls below rights issue price *- Money Markets*|businessdailyafrica.com

MY TAKE

Not all rosy to float shares is one thing and to be bought is another thing......wishing u all the best though and don't b overexcited