Mr. Speaker, I share with all members of the House the concern over the situation that the individual quoted earlier is in. It is a serious problem for the employees of Canadian, of whom there are 16,400 who have their employment threatened if the company is put in further jeopardy.
I am pleased, however, to announce that American Airlines has now agreed to take part in restructuring and to accept Canadian Airlines' proposal for a reduction of its fees as requested by Canadian. This will be the fees on such services as yield management, accounting functions, operations planning and support. This is a very positive step because it is the first time a creditor has indicated its firm support for the restructuring proposals put forward by the president of Canadian Airlines.