Mr. Chair, the principle of the bill is that, for a business to remain covered, it must, at some point, meet two criteria: it must belong to the Air Canada group, which is defined, and it must also be controlled by ACE Aviation Holdings Inc., which is the Air Canada's parent company and now trades on the Stock Exchange.
So under the bill, if any subsidiary were sold or if ACE Aviation Holdings Inc. lost its control over that affiliate, in future, that affiliate would no longer be subject to subsection 10.2(1). Conversely, if a new affiliate were created that does not exist today and if it were subject to subsection 10.2(1), it would be covered by the act, even if it did not exist on the first day the act entered into force.
So it works on both sides.