Mr. Speaker, yesterday the Minister of Transport said that government assistance to Air Canada would not come in the form of a cash bailout. He would not rule out any loan guarantees or other financial arrangements. Earlier today Air Canada filed for bankruptcy protection, and a related announcement by the Government of Canada is imminent.
Could the Minister of Transport outline what guarantees he has received from Air Canada that this most recent bailout will be effective? Has he asked to see a new business plan? Has he seen a restructuring plan?