Entry Instance

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{
    "id": 553078,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/553078/?format=api",
    "text_counter": 281,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "ESTABLISHMENT OF SELECT COMMITTEE TO LOOK INTO THE AFFAIRS OF THE KENYA AIRWAYS LIMITED THAT, aware that the Government of Kenya has a 29.8 percent shareholding in Kenya Airways Limited thereby being the largest single shareholder in the company; COGNIZANT of the fact that Kenya Airways Limited, the national flag carrier, has been experiencing tremendous delays and cancellation of flights; AWARE that each delay and or cancellation has led to grave losses to the airline thereby worsening the debt burden of the corporation; REALIZING that the airline is now in debt to the tune of Kshs18 billion; FURTHER AWARE that the current business plan of the airline does not seem to take into full account necessary measures to turn the company around; CONCERNED that the situation, if left unchecked, may lead to the collapse of the company and great loss to the nation, investors and the Kenyan taxpayers; NOW THEREFORE, the Senate resolves to establish a select committee to conduct an inquiry into the affairs of Kenya Airways Limited and its subsidiaries, and report to the Senate within three months, taking into account the following- (i) The leasing and buying arrangement of aircrafts since 1996; (ii) The role of off-shore companies in the investment affairs of the airline; The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}