The challenge for us is to resist the short-term panic syndrome. If there's one single strategy or policy element which will guarantee the success of the airline industry, it is without a doubt an integrated, long term and holistic strategy. It is certain that Canada's airline industry cannot be all things to all people. Every community wants more air services. Every airport wants more flights.
Every province wants more access to international markets.
Some of these concerns and expectations across the country have coalesced in Bill C-26, the proposed new airline legislation. The fact is that air transportation works best as an economic lever when it is a partner in growth by communities, airport authorities and government. Decisions made about Canada's airline industry are really no different from any other business decision in the private or public sector. We have to decide how to best deploy our assets to earn the maximum return on our investment. In this case the asset is Canada's airlines.