Mr. Speaker, we recognize that in the aftermath of September 11 the airline industry was particularly hard hit and, as an economic generator, had to be helped. That is why we announced the $160 million of direct compensation. We have also agreed that there would be a limited program of loan guarantees for the five major airlines covering 95% of all passenger movements in Canada. We intend to make that the limit.
In the House of Commons on October 30th, 2001. See this statement in context.