Losiakou David Pkosing

All parliamentary appearances

Entries 491 to 500 of 1091.

• 3 Jul 2019 in National Assembly: The Ethiopian Airline is using this model, the Rwanda Airlines, Qatar, Emirates, Morocco and all those other successful airlines. So, we are not taking our country to unchartered waters but rather, to where it has been proved to be successful. We are pleading with this House to understand us. view
• 3 Jul 2019 in National Assembly: That is why we are going national to give KQ the same treatment as others out there. Within three years, the others will be crying and coming to Nairobi. We do not want to airlift Kenyans, make them stop in Ethiopia before they go to Qatar or Europe because we have killed our own aviation sector. That is part of the reason we need to nationalise it. view
• 3 Jul 2019 in National Assembly: Why did we create an aviation holding company in our recommendation number two? What motivated this Committee is that the aviation assets in our country were working at cross- purposes. KQ was not talking to the Kenya Civil Aviation Authority (KCAA) and vice-versa. They were competing and that is why we are losing at the airport. That is because our national airliner is not talking with the operator. They must talk. How can KQ write a letter to the Ministry and the Ministry writes to KCAA for them to talk, while they can meet in a board room and solve ... view
• 3 Jul 2019 in National Assembly: Secondly, the reason why we went the aviation holding way is because KQ is paying for parking at home at JKIA. That is what is contributing to the losses that are being declared. It is paying up to a tune of Kshs2 billion a year. Other airlines are not paying at home. If they were paying, the same money benefits the airline again. view
• 3 Jul 2019 in National Assembly: We wondered as a Committee and citizens of this country. We do not pay packing at home. We drive home, park and relax. We also do not pay here in Parliament. So, why would we have a national airliner - which is the pride of the country, carrying our flag and making millions in terms of the multiplier effect - pay at home? That is why they are making losses. For that synergy to come in, we resulted to have a holding company so that they can talk. Once they talk, all these things will be sorted out, such as ... view
• 3 Jul 2019 in National Assembly: Thirdly, when we have those assets held together, we leverage on the capital. So, if you have one holding company, the financial books of KQ, KAA and JKIA will improve. This means that if the balance sheet is better when we are leasing planes, we can get them cheaply. However, when the risk exposure is as it is for KQ now, to lease or buy planes is very expensive. That is why they are making losses. They are paying much money on leasing. view
• 3 Jul 2019 in National Assembly: When the House agrees with us, they will re-negotiate again for those leases. This is because the balance sheet will be better and the risk will reduce from what it is. KQ is exposed to the highest risk. They cannot get any assistance outside this country. That is why we have guaranteed them about Kshs75 billion. We are asking the House to agree with us. We will change this country. There were also a number of issues that were raised along the way when we were discussing this. Some of the issues that affected people - and which ought to ... view
• 3 Jul 2019 in National Assembly: planes and we own 3 of them, 17 are on loan 20 are leased. Therefore, there were suspicions that some unknown faces are hiding in those leasing companies to fleece KQ. But that that is not true. view
• 3 Jul 2019 in National Assembly: We are leasing from reputable organisations that lease planes in the world. I have them in my Report. However, for the benefit of the House, I want to name a few. One is called AerCap based in Dublin. It has 1,153 planes being leased out to the world and we, as KQ, are leasing one from them. There are a number of companies in my Report that are leasing from them such as Qatar, Pacific and Air China. Those are reputable organisations. view
• 3 Jul 2019 in National Assembly: Another one is the Aviation Capital Group based in the USA. KQ is leasing 3 planes from them. They have 297 planes. So, where are these faces that people are claiming are hiding in those companies to fleece money from KQ? That is not true and I can demonstrate that. There are 17 planes that we have taken on loan. Members are asking who these are. There is a company called Tsavo and another one called Samburu. There are allegations that some of those companies belong to people who fleece KQ. May I demonstrate in this Report that information is ... view