The shareholding of KA is a follows:
The Kenyan Government - 38.2%
Individual Kenyan Shareholders - 31.2%
Foreign Institutional Investors - 30.5% - Includes KLM, Standard, and
Backleys Banks
Individual Foreign Investors - 0.1%
Yes the bulk of the money 69.5% is held by Kenyans. The locals never get to
see it but I few rich folks keep getting richer.
I hope you are having a great time.
-----Original Message-----
From: Ann Marie Dawson [mailto:[log in to unmask]]
Sent: Friday, June 21, 2002 8:36 PM
To: [log in to unmask]
Subject: Re: [Mawulians] GHANA AIRWAYS SUCKS
Peter,
Greetings from Bangladesh and thanks for the history lesson.
My point was not so much about airline employees. I was thinking more along
the lines of who takes the bulk of the money home. Who makes the financial
decisions for Kenyan Airways and do the profits, if any, stay in Kenya. If
Kenyans control the money for Kenyan Airways, then my congratulations are in
order.
Have a good weekend.
Ann Marie
----- Original Message -----
From: "Amakobe, Peter" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Friday, June 21, 2002 10:34 PM
Subject: Re: [Mawulians] GHANA AIRWAYS SUCKS
> Ann Marie--
>
> "Is Kenyan Airways run by Africans or by the KLM/Northwest group?"
>
> Kenya airways was run by Africans, pilots, stewardesses, mechanics, etc
for
> many years. They also hired people with the skills necessary to run the
> airline, regardless of color. See history below. GA's problems are a
result
> of years of mismanagement not the fact that the employees are Africans.
> Political appointees without the basic knowledge of the industry they head
> have caused havoc in many countries on the continent. Ask a coffee farmer
> in Kenya when they were last paid and they will tell you "last year in
May."
> The Kenya Coffee Board and Kenya Tea Board, once set prices worldwide.
They
> are now bankrupt.
>
> The Executive Directors appointed to head these organizations, couldn't
tell
> the difference between an "a" and a "b". They used a finger print for a
> signature. This is not a JOKE.
>
> I called the original email a joke because the picture of passengers
pushing
> an airplane is deplorable. There are many untold events both good and bad
> emanating from Africa. Sometimes you have to laugh to relieve the anger
and
> anguish. The GA situation is not a desolate case, it is a lesson on how
NOT
> to run an airline. Many airlines world wide survive from shared revenues
> generated by partnerships. GA should follow the trend. And while on this
> subject, someone should write a book - Airline Management 101: Case
Study -
> GA.
>
> Have a nice weekend folks.
>
> Peter
> --------------------------------------------------------------------------
--
> -------
> MAJOR MILESTONES AT A GLANCE ::
>
>
> 1977 (Feb)
> Kenya Airways is established following the break up of the East African
> Community and subsequent disbanding of the jointly-owned East African
> Airways.
> 1986
> The Government makes the first move towards privatization by publishing
the
> Sessional Paper No.1 of 1986 on 'Economic Management for Renewed Growth '.
> The document for the first time, spelt out the Government's intention to
> divest from corporations which could be run better by the private sector.
>
> 1991 (April)
> A new board is appointed at Kenya Airways under the chairmanship of Mr.
> Philip Ndegwa with a mandate to commercialise and prepare the airline for
> privatisation.
>
> 1992 (April)
> Speedwing Consulting recommends an overhaul of management and operations.
>
> 1992 (July)
> A policy paper on Public Enterprise Reform and Privatisation sets out
policy
> objectives and gives high priority to the privatisation of Kenya Airways.
>
> 1993/94
> Commercialisation process produces the first profits.
>
> 1994 (April)
> International Finance Corporation (IFC), is appointed as advisor for the
> transition process. A privatisation committee is also established.
>
> 1995 (May)
> An IFC information memorandum is sent to154 airlines in search of a
> 'strategic partner' culminating in the eventual selection of KLM.
>
> 1995 (July)
> Kenya Airways restructures its debts.
>
> 1995 (Dec)
> Shareholders' Agreement and a Master Cooperation Agreement with KLM are
> concluded.
>
> 1996 (Mar)
> A Prospectus is issued and shares floated to the public.
>
> 1996 (June)
> Trading in shares begins at the Nairobi Stock Exchange.
> --------------------------------------------------------------------------
--
> -----------------
>
>
> -----Original Message-----
> From: Ann Marie Dawson [mailto:[log in to unmask]]
> Sent: Thursday, June 20, 2002 7:29 PM
> To: [log in to unmask]
> Subject: Re: [Mawulians] GHANA AIRWAYS SUCKS
>
>
> I think Ethiopian Airlines already had that title because it is run by
> Africans (or at least was, I don't know about now). Is Kenyan Airways run
> by Africans or by the KLM/Northwest group?
>
> Curious to know.
>
> Ann Marie
> ----- Original Message -----
> From: "Amakobe, Peter" <[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Friday, June 21, 2002 4:20 AM
> Subject: Re: [Mawulians] GHANA AIRWAYS SUCKS
>
>
> > That was a wonderful Joke. I started laughing after the first few
> > paragraphs.
> >
> > Fly Kenya Airways (The Pride of Africa). The West African region is
> covered
> > very well from just about any city. Find details at
> > http://www.kenya-airways.com/defaulthomexp.asp
> >
> >
> >
> > -----Original Message-----
> > From: Dzigbodi Akyea [mailto:[log in to unmask]]
> > Sent: Thursday, June 20, 2002 3:58 PM
> > To: [log in to unmask]
> > Subject: [Mawulians] GHANA AIRWAYS SUCKS
> >
> >
> > >Hi folks,
> > >Got this from a friend. Thought you might take a break from work
> and.....
> > >Do I cry or laugh. I ended doing more of the latter. Pick one. Oh,
I'm
> > >past getting angry.
> > >Has anyone ever pushed a plane?
> > >
> > >
> > >>Subject: Ghana Airways...
> > >>
> > >>Hi,
> > >>
> > >>I know you've heard all manner of horror stories re GA, but this one
is
> > >>just
> > >>too good not to be told.
> > >>
> > >>I was booked on the GH from Accra to Abidjan Saturday evening at 8. I
> > >>called
> > >>the airport at 6 and was told it had been cancelled, and we would be
> > >>leaving
> > >>at 6 am Sunday, and to report at 4. Turned up at the airport at 5 -
not
> > >>a
> > >>GH uniform in sight. At about 6, we were told that there was no flight
> > >>to
> > >>ABJ, so they would put us on a flight to Banjul, where there would be
> > >>another GH waiting to take us to ABJ. The flight to Banjul could not
> > >>stop
> > >>at
> > >>ABJ first because it "was a DC 10, enroute to Washington, they had no
> > >>landing rights for ABJ, and because it was Sunday morning, didn't know
> > >>who
> > >>to call". The DC 9, which was also leaving Accra for Banjul could not
> > >>stop
> > >>in ABJ either because it had to pick up passengers in Freetown and
> > >>Monrovia
> > >>and drop them in Banjul to catch the flight to Washington...
> > >>
> > >>So I took a leap of faith (Did I really have a choice -given that I
had
> > >>to
> > >>catch a flight out of ABJ that evening?) and got on the DC-10. Left
> > >>Accra
> > >>at
> > >>10, arrived Banjul @ 12.30, and surprise surprise, the DC 9 was just
> > >>behind
> > >>us!! So we swapped passengers, and that was when the fun began. A 30
> > >>minute
> > >>stop dragged on for 3 hours, first because they had to arrange for
> > >>fuel,
> > >>and
> > >>then we had to wait for catering to deliver (none of this had been
> > >>arranged)...
> > >>So after three hours sitting on the tarmac, (no a/c or anything to
> > >>drink)
> > >>the
> > >>catering was finally on board, doors closed, and we hear an air
hostess
> > >>say
> > >>"Oh my God, I think I'm going to cry".
> > >>
> > >>Turns out the catering truck had broken down, and because it was
parked
> > >>in
> > >>front of the wing, we couldn't leave. Banjul Airport has no tow
trucks,
> > >>and
> > >>off course there was no telling how long it would take to find a
> > >>mechanic to fix the truck. So captain says the only way we can leave
is
> > >>if
> > >>all
> > >>the men get off and PUSH the plane back, so he can turn. Which is
> > >>exactly
> > >>what we did....
> > >>
> > >>So finally arrived in ABJ at 5.30 pm, 12 hours after leaving home for
a
> > >>45
> > >>minute journey. As usual, the crew thanked us for flying GH, and hoped
> > >>we
> > >>had a pleasant trip, and looked forward to seeing us again soon on
> > >>GH...
> > >>
> > >>David
> > >>___________________________
> > >
> > >>
> > >
> > >
> >
>
> --------------------------------------------------------------------------
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>
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> >
>
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