Yes, very positive. But over a month old. And we all know what the past month has seen.
Let’s hope travelstart doesn’t publish another passenger’s review this month of a fastjet flight that was cancelled too late to stop him or her turning up at the airport in vain; or caused them to miss a funeral or a wedding or business deal; or one which was terminated just after take off when a flock of birds hit the nosecone or flew into one of the engines!
HappyRob, after reading a few posts this week, your second question is now what is of greatest interest to me, ie. Why are new start airlines, which only commenced flights in the past few months able to expand at such a rate, when we seem to have been struggling on that front for two years now.
I've no idea why it seems to be the case, whether they are prepared to operate in a more corrupt way than us, or whether it's the fact their top teams, being based in Africa, are 'banging more doors', while our top team is relatively invisible to the more influential people in Africa.
I was sorry to read the pair of sentiments about your lost faith in the company and perceived loss in your holding. At least you haven’t, nor planned to, sell it? So there must be a tiny part of you which hasn’t given up all hope. I hope that pays off for you in time; I simply cannot understand why anybody now could decide to sell up at such a huge loss as a few have posted recently, unless they are convinced of the company’s imminent collapse and consider 100% of a penny is better than 100% of nothing, in which case I do see such logic.
Reading increasingly of others who have been having as gloomy thoughts as you, which even I have had during this current, newsless period with the SP stagnating after hitting 1p which does little to dispel one’s own negativity, it is good to see such doom quickly counterbalanced by the likes of GeeCee’s subsequent post with his plausible assessment of the Kenya situation. Thanks for that GeeCee and may your appraisal yet prove to be accurate.
Give us a start date for next route, why are thing not moving when the competition seem to be making great guns, What are the problems than are holding us back can you not increase route some where to hit target
I guess some people just don't like reading. However, the fact that you would base any investment decisions on what you read on these boards, whether that is this stock or any other, says more about you than it does about the authors of verbose posts.
Keyna is a political wall, of some height, to be climbed over. While we had the remenants of fly540 to deal with, the cost and management (only a small team) time to put this right, would have allowed little of either to Project Kenya.
Now that fly540 is behind, the required local company alliance has been established and the application for a Kenyan operator licence has been applied for. As noted recently, the Kenyan authorities are behind their own time rule with a delay in processing same. They well understand that well managed lean operators such as us will provide proper competition for their operator(s).
So, as we do not engage in practices other than the power of persuasion, we have little leverage here. Overall I do not see our team as the key issue. Without evidence to the contrary, I imagine the local appointees are doing the essential meeting, talking and follow up with key government departments and people; I cannot imagine the Chairman/CEO letting such issues become passive.
We know the near to medium fleet plan; we have seen the advertisements for pilots, so it appears the critical components are being put in place. I suspect there are aircraft lined up to lease - subject to the Kenyan licence approval. I also imagine that once approval is given, things will move fast - including the share price.
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