I'll answer your first question, Mr. Généreux. Do we prefer a wage subsidy or a financial package for a major aerospace project or program? I'll simply say the impact will be greater on our sector than on other manufacturing sectors.
Even after people have been vaccinated and start flying again, it'll take us two more years to get back to where we were before the crisis, in 2019. We have until 2024. Many other manufacturing sectors will resume operations between now and the fall—many have already done so—and the economy will recover. However, we will still lag behind for at least two years. We can't just restart the industry by snapping our fingers. It's a long process, and the cycles are very long in all areas of our sector.
I want to point out to the government that, if no funding is allocated for a structural project focusing on the aerospace industry, it will have to consider extending the wage subsidy for a few more years to prevent the aerospace sector from breaking up. If you're asking me what we would choose, I'd say you can't implement a strategy by snapping your fingers. It'll take 12 months or more to implement an integrated aerospace strategy.
We're telling the government that, in the short term, we have structural innovation projects on the table that will involve companies across Canada, from British Columbia, Quebec, Ontario and the Atlantic provinces. We have a $1.2 billion project over 5 years based on this green shift. That project concerns hybrid propulsion, based on electric or hydrogen. No one has yet found the magic solution. Everyone's working on it, and it involves the entire Canadian supply chain. Commitments have already been made…