Thank you.
Quickly, the Kingston Flying Club is the oldest surviving flying instructional institution in the country. We were founded in 1927, and the fact that we still exist is a marvel largely predicated on the fact that we are a federally chartered charity.
I don't have much time, so I'll just tell you quickly. Because we have volunteers from a different catchment, we have M.B.A.s, Ph.D.s and so forth attached to our group.
Let me touch on some of the more hard-core business-related information that you may lack. The flying school business today largely survives on a net variable margin of 3% to 7%, and I challenge you to find any other business in the country that can survive at that level. We all do it because we want to do it, and we care to do it, and there's a passion for aviation involved. Often those schools are attached to the communities and render services to those communities. Sometimes, as Jo-Anne was telling you from Tyendinaga, they're attached to the very survival of the communities. There are things like 703 air taxi operations. We heard them referred to earlier.
It's really important that you understand that there are significant capital considerations. More than 70% of the costs of every one of the schools you're speaking to here are generated in U.S. dollars. All our equipment, all our fuel, oftentimes subscriptions that operate things—for example, our scheduling software and so forth—all come from the U.S.