Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 752485,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/752485/?format=api",
    "text_counter": 189,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "I wish to inform the House that where the Kenya Airways has reached, it is remaining with only three options. The first one is to liquidate through what we call ‘bankruptcy’. The second one is for the Government to inject money into the company and take back all the shares of the company through a process called ‘nationalisation of the carrier’ so that the Government becomes the sole shareholder. The third option, which has been agreed on, is what is called ‘solvent concession inter-conditional restructuring’, where all the stakeholders talk with each other and agree to restructure the balance sheet. In this guarantee, the Government will convert almost US$243 million into equity. The guarantee that we are seeking to be approved is aimed at enhancing the securities that have been given to the US Exim Bank, so that the US Exim Bank can give more concessions and save Kenya Airways cash for operations."
}