Mr. Speaker, the Government of Canada is concerned with ensuring that northern Canadians have access to the air transport they require.
COVID-19 placed serious pressure on the ability of Canadian North to continue to provide services to northern Canadians while at the same time avoiding financial losses. To ensure ongoing service in the north, Transport Canada recently reached the agreement I spoke about earlier with Canadian North to vary their merger related terms and conditions. These aim to strike a balance between addressing public interest concerns while maintaining the sustainability of the airline.
In conclusion, the Government of Canada, in approving these new terms and conditions, ensured there remained safeguards for Canadians, especially in the north, such that each community will continue to be served and that fare increases would be representative of the new realities of the market and capped to ensure that the balance is maintained.