Mr. Speaker, with regard to parts (a) and (b), the requested information is confidential due to its commercial nature.
With regard to part (c), as per the new agreement, Canadian North must limit average annual regional fare increases for both passenger and cargo transportation to 25% per region within a calendar year unless it can be demonstrated to the Minister of Transport that this limit would result in operational losses to the company. Further, the 10% profit cap on all scheduled passenger and cargo activities will in essence constrain the company’s ability to increase its fares and adherence to this cap will be monitored on an annual basis. These conditions will be in place for the next three years.
Additionally, Transport Canada will be retaining an independent monitor to report directly to the Minister of Transport on a quarterly basis ensuring that the airline is meeting its obligations. Furthermore, should the airline not be meeting its obligations under the new terms and conditions and unwilling to adjust its behaviour to become compliant, there are measures under the Canada Transportation Act, which can be fines of up to $10 million.