In hindsight, and hindsight is 20/20, I think that ultimately it is in principle a good thing to privatize certain companies. However, in a sense the Mulroney government only went halfway. They couldn't quite make the break. I don't know if it was because there was some sentimental attachment to Air Canada or some political factors came into it but they said Air Canada was on its own but it must do this. If you're going to privatize a government-run organization I think you wait until you're ready to go the whole way. In that sense it's something that perhaps is a lesson for us in any potential decision in the future for Canada to privatize anything.
On May 2nd, 2016. See this statement in context.