Mr. Speaker, as I said yesterday, it became quite evident over the last few months that Canadian Airlines was in trouble. It either needed a cash injection from the government, in other words a bailout, or we had to let it slide into insolvency or we had to find another way to solve the problem.
We invoked section 47 which allows us to find market driven solutions but which also allows the government and parliament to pronounce upon any agreement that comes forward with shareholders and to set conditions in the public interest. I have enunciated five principles. I said them yesterday and I could say them again, but the government will do what is in the best interest of Canadians.