Mr. Speaker, it is widely believed that Air Canada is on the brink of bankruptcy. It has a $12 billion debt and its CEO is on the record stating that the company business model is broken.
Will the minister now bail out Air Canada to allow it to continue its core business model or will he do the right thing, like any other company would have to do, and let it file for protection under the Companies' Creditors Arrangement Act?
Why will the minister not come clean and declare that Air Canada will not receive special treatment without having to go through proper business practices?