Mr. Speaker, the difficulty of restructuring Canadian Airlines and turning it from a corporation which has had chronic losses year after year, totally $1.3 billion over the last decade, to a profitable corporation in the black requires corporate restructuring.
It also requires of course the creditors, including the Royal Bank, to take their share of that restructuring. It also requires to get the credibility of the corporation in front of those corporate creditors to have all in the Canadian family showing their willingness and determination to make the restructuring work.
That is why last week I went to Vancouver with two other governments, the Government of Alberta and the Government of British Columbia, with five unions and the company. We were working together to get to a common front to show that we were determined to allow restructuring to work.
Now that we have-