Mr. Speaker, it has become quite apparent over the last few weeks that the 15% single shareholder limit under the Air Canada Public Participation Act provides a constraint on Air Canada's ability to raise equity in the markets. That is why we have taken the position to introduce the bill today that will eliminate the particular provision.
We are advised by our financial advisers there will be people in the country who will come forward to take an equity stake now that the changes will be passed by parliament.