Mr. Speaker, after announcing it was claiming protection under the Bankruptcy Act, Canada 3000 indicated that it would no longer be operating.
The former owner of Royal Air has offered to buy the company back so long as it gets a loan guarantee of $30 million.
Now that Canada 3000 has stopped operating, does the Minister of Transport intend to take part of the $75 million loan guarantee intended for Canada 3000 and give it to Royal?