Need some Encouragement

[Wyldwytch]

Today I talked with my boss and got to take home her two orchids that haven't bloomed since she got them. They need some major TLC of which I am more than happy to take my time and do because I would really like to be able to give them back to her in 6 months or so with flower spikes on them. Call me a glutton for punishment...LOL So here is the situation:

1) overwatered as in soaked with some root rot
2) leaves look healthy
3) no air roots to speak of, but one does have a new healthy air root
4) keikis on both of the flower spikes, one looks like it is growing a root (I certainly hope so)


This was going to be my plan of action with them over the weekend:

1) change media and get rid of whatever root rot is there, there are some healthy roots in each plant
2) start them on a regimen of proper watering and fertilizer

Now here are my questions...

1) The keiki with what appears to be root growth..when can it be cut from the mother plant? I would rather the plant put energy into creating more good healthy roots then growing the keiki, but I also don't want to lost the keiki.

2) How long should it take for the keiki with no roots to sprout a root so that can be removed?

I will attach pictures below of what I think is the keiki with the root. Other then what I outlined above is there anything more I should be doing to get these 2 orchids back into blooming health? Also, they are phalaenopsis orchids, NOID. They were given as a gift to her when she got her position as our director 3 years ago, so figure that was probably the last time they were in bloom...

Thanks in advance,

Rose