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Transport committee  I really don't, to tell you the truth. We know that in Aveos, when the company was sold, the total amount invested in Aveos through equity and debt financing was about $975 million. That was in 2007. They've been operating for five years since then. That was the total investment

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  It was $975 million.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  That was the value at the time. The people who invested in Aveos in 2007 were sophisticated, private equity investors and large financial institutions, people who had made these sorts of investments before. The company was given the opportunity to have a well-capitalized group of

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  I've chosen a life other than politics, federal or municipal, so I couldn't really answer questions that deal with taxpayer money.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  We are going to carry out our maintenance plans with several suppliers. There is not just one supplier, as I just explained to you. We have with us a list of about 62 suppliers in Canada that are located in Alberta, British Columbia, Manitoba, Ontario and Quebec. We intend to enc

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  As I have just stated about the overhaul facilities, we are not going to buy back Aveos. We are not going to buy back a company that has gone bankrupt. We supported them for eight years, and we have no intention of buying them out. We intend to work with several suppliers, includ

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  I'm not sure there was a question there, but I will say the following. There is no question that Air Canada is in compliance with this act. You may not agree with that, you may not like that, but Air Canada is in compliance with this act. Running a company like an airline, unles

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Yes, this was a provider that did adequate work.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  There were none.

March 29th, 2012Committee meeting

Calin Rovinescu

March 29th, 2012Committee meeting

Calin Rovinescu

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  No. Actually, as I mentioned, Aveos owes us approximately $35 million.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  Yes, that is right. We deal with approximately 75 suppliers, including several in Canada. So we deal with more than one supplier.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  No, I do not agree with you on that.

March 29th, 2012Committee meeting

Calin Rovinescu

Transport committee  No, I did not say that. If you had asked your question properly, as I just explained, if you had listened to what I said before—

March 29th, 2012Committee meeting

Calin Rovinescu