This investment is a repayable loan, and in 2008, the Conservative government also made a similar loan to Bombardier. This loan has requirements to be invested in research and development.
We want a strong aerospace sector in Canada. We know the quality of jobs that the aerospace sector provides across the entire supply chain for folks living in Quebec, for folks living in Ontario, and we understand the importance of this sector. We need a thriving aerospace sector, which it is. The C Series plane is a gem. It is a wonderfully built plane. Bombardier has come a long way. I'm proud to have a Canadian company that is a flag-bearer. I, much like my colleagues and other folks here, want to ensure that corporate responsibility is of paramount concern.
Am I disappointed when I look at the decisions of some CEOs? You bet. I believe that all CEOs have a responsibility to all their stakeholders, including their shareholders, employers, employees, and in some circumstances, their partnerships with government.
But this motion that was put forward by Mr. Deltell, in my view, is honestly something that I look at and say, there are requirements on this repayable loan. It will be repaid over a certain period of time. The monies on this loan are not going to pay bonuses, so let's get that fact straight.
Am I disappointed with the actions? Yes. Do I want to see governance and transparency? Yes. But to utilize the precious time of this committee in a political witch hunt is not a valued use of time. Again, we are investing in corporations and with corporations across Canada from coast to coast to coast, to secure and generate those middle-class jobs. We've done that with Bombardier. I want to see them successful. I want to seem them employing Canadians, but I also want to see them doing the right thing when it comes to corporate responsibility, transparency, and governance.
Thank you, Mr. Chair.