Mr. Speaker, what happened to Canada 3000 it is indeed regrettable . The bankruptcy was something that no one wanted. In fact it was this government that offered $75 million by way of loan guarantees.
However, before we dispensed with the taxpayers' money, we wanted to make sure there was a viable business plan so that money would not just disappear and Canada 3000 would not come back six months into the future and ask for another $75 million.
All those things were analyzed and unfortunately Canada 3000 could not put forward a business plan to bring profitability to that particular airline.