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{
    "id": 645591,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/645591/?format=api",
    "text_counter": 110,
    "type": "speech",
    "speaker_name": "Sen. Billow",
    "speaker_title": "",
    "speaker": {
        "id": 260,
        "legal_name": "Billow Adan Kerrow",
        "slug": "billow-kerrow"
    },
    "content": "Mr. Speaker, Sir, the response given by the Vice-Chair is very disappointing. This company in six months – to September last year – has reported a loss of nearly Kshs12 billion. This company is still borrowing, even after the Kshs25 billion loss last year. Their total debt last year, when it had serious problems, was Kshs104 billion. By September, it had gone to Kshs115 billion. Where on earth do you find directors keeping on ‘drilling’ a company that is already sinking, by borrowing further? What action is the Government taking, because it is the main shareholder? From the Statement that the Vice-Chair has given, there is not a single action recommended by this House that has been implemented, including even simple ones like giving a timeline when the shareholders will inject capital into the airline. The Vice-Chair has not even indicated why KQ is unable to change or restructure the directors. Apart from the chairman who was appointed in October, none of the other directors has been moved. Is the Government satisfied that the same management should continue in office despite the public losing their investment in this airline?"
}