Mr. Speaker, the process presented yesterday by the Minister of Transport relating to air carriers is absolutely absurd.
He is proposing that parliament look at the 10% rule and states that no decision has yet been taken. Air Canada shareholders will be voting on the Onex proposal on November 8, well before parliament has made a decision. If parliament were to decide to retain that 10% limit, and the shareholders had accepted the Onex bid, it would still be illegal. We would therefore be back to square one.
Is this not the best possible proof that the Onex bid will go nowhere if the law is not changed?