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Transport committee  Thank you for the question. Basically, our sense is that despite the $975 million investment, and despite the quality of shareholder they had and the lenders, Aveos was not able to be competitive when compared to other international MROs. They were not able to regularly attract

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Yes, indeed. You know, it's interesting.... As I have said a few times before, there are great opportunities because of the pool of talent. We, of course, have needs. Among the companies we've had early discussions with is MTU, which is a very well-regarded engine facility and wh

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Again, I've encouraged our maintenance people to get into these early discussions, but it really is premature at this stage. I think, as I said in my remarks, that I'd encourage provincial economic development departments to reach out to some of these companies that are expressin

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  I don't know that.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  No, because the way it will work—

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Yes, because the way it will work is that we will give—

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Let me just finish the answer, please, Ms. Chow.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  You need to know what I'll tell you.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Basically, what we'll be doing until the end of the year—

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  What's your question?

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Thank you, Ms. Chow. As I said several times in my remarks and in answer to other questions, I have a tremendous amount of sympathy for the workers who have lost these jobs. We don't like the way Aveos has dealt with this situation. The way Aveos dealt with this situation damage

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  I have to say the following, if I may. Companies are bought and sold every day. Air Canada was privatized by the Government of Canada in 1988 with that provision in the law. Air Canada, if one pays attention to what is going on, as I said earlier, like all airlines, like all lega

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Thank you very much. Basically Air Canada has gone through a transformation, and these companies—

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  These companies that were bought and sold—

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Basically, other companies were also sold. This company was created with a good capital structure, with good investors, with good shareholders, and they had eight years to make it work. They didn't make it work, which is obviously not good for us. We take no pleasure in seeing th

March 29th, 2012Committee meeting

Calin Rovinescu