Mr. Speaker, of course I believe that our aerospace industry is innovative and continues to make improvements that benefit all Canadians.
Let us remember that Air Canada has benefited as a legacy carrier. Air Canada inherited a fleet of 109 aircraft upon being privatized in 1988. Air Canada is the largest tenant in nearly every major airport in Canada, with the exception of Calgary and Billy Bishop Toronto city airport, which gives it significant influence over each airport's operations.
It also has intangible assets, such as landing slots at some of the most slot-controlled airports in the world, and Air Canada also benefited from back-to-work legislation in 2012, which was enacted because of Air Canada's importance to this country's economy. Air Canada also benefited from a deferred pension payment plan in 2013.
Therefore, we have to take into consideration the benefits that it has received as a legacy carrier, which were often borne by the taxpayers, and the need to honour the obligations that were put in this act to begin with.