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{
    "id": 613968,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/613968/?format=api",
    "text_counter": 41,
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    "content": "and management in this exercise. No doubt, when the Kenya Airways made huge losses, they said that they made losses partly because of hedging. We are not experts. However, having discussed with both the management and experts in this area, we believe that as we continue with hedging, the two concerns must be taken into account properly. We believe that Mr. McKinsey will obviously, with his wide experience, come up with a formula and a model of hedging that will help the airline in future. That is why we are confident that in spite of its trials and tribulations, the national flag carrier must be recapitalized, provided the management decisions and practices are improved upon. Mr. Temporary Speaker, Sir, if you go to the Jomo Kenyatta International Airport (JKIA), you will see that there has been expansion over the last couple of years. The expansion plan started with the National Alliance Rainbow Coalition (NARC) Government and Vision 2030. It continued in the Coalition Government and it is now being implemented. The aim of the NARC as well as the Grand Coalition Government--- I was the Minister for Planning and National Development during the initial period of developing Vision 2030, when the concept of the hub of the JKIA was developed. The idea of a hub is that Nairobi is situated very strategically in this world that God created. We are on the Equator and also equidistant from the two Time Zones. If you go right, I think you gain 12 hours and if you go left, you lose 12 hours or the other way round. It depends on how you are standing. Nonetheless, it means that we are awake when the Americans are sleeping and we are asleep when the people in China are awake. Therefore, we can do business in the airlines industry very easily and become a productive hub. Mr. Temporary Speaker, Sir, we must have an infrastructure which meets the requirements of a hub at the JKIA. We must have a national airline which is the heartbeat of this hub; an international airline which brings or makes other airlines bring passengers here before lifting and taking them to the rest of the world like the Emirates is doing in Dubai and the Ethiopian Airlines is doing in Bole International Airport, Addis Ababa. However, if you have a hub where our national flag carrier is a junior player, it does not become a hub in national interest. The Kenya Airways, definitely, must develop the capability and ability of developing this hub in conjunction with Kenya Airports Authority (KAA) and Kenya Civil Aviation Authority (KCAA). The three are like the head and must work together. They are God the Father, God the Son and God the Holy Ghost. In this case, Kenya Airways is God the Father, KCAA is God the Holy Ghost and KAA is God the Son, whichever you like."
}