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{
    "id": 752484,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/752484/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Thank you very much, Hon. Speaker. I wish to second this Motion of approval of a guarantee to Kenya Airways. It is in public knowledge, and information is available, that Kenya Airways has not been doing very well for the last three years. It has accumulated serious loses which are currently eating into their assets. Sometime back, Kenya woke up to the news that Kenya Airways had made a loss of Kshs25 billion. Arising from those challenges, we have interacted with the National Treasury, the Kenya Airways Board Chairman and the outgoing Chief Executive Officer (CEO). Both the Government and the new Board, through the National Treasury and the Ministry of Transport, have been looking for ways of saving Kenya Airways. There is need to do a financial restructuring of the Kenya Airways so that their balance sheet looks better than it is at the moment."
}