Thank you, Mr. Chair.
Thank you to all our witnesses for coming to committee today. It's been very interesting testimony.
Mr. Wilton, I would like to direct my question to you. You talked a lot about the costs in the aviation industry of getting one's pilot's licence. It's very significant. It's at least $10,000 to get your private pilot's licence. You talked about the cost of aircraft, especially for aviation schools. I too am a private pilot. I have a 40-year-old airplane that's worth about $100,000, and I hardly think it's a luxury.
You've also made mention of our airline industry and our whole aerospace industry, and how that's going to be negatively impacted. There are jobs in the sector that are going to be lost, whether in maintenance or sales. Can you talk a little more about how ill-conceived this idea of a luxury tax on a $100,000 airplane is?