Mr. Fraser, I want to welcome both you and your team. They were here last time, but nevertheless, you can introduce them again before starting your presentation.
The meeting will proceed as follows. In the first hour, you will present your 2015-16 annual report. In the second hour, you will discuss your special report on Air Canada. As usual, after each presentation, committee members will have the opportunity to provide comments and ask questions.
I want to remind everyone that this meeting is televised.
Go ahead, Mr. Fraser.