Thank you, Madam Chair. Madam Chair, I saw that story too. When I saw it, I think the headline actually was that the airlines got a bit of a tongue-lashing from one of my federal colleagues if I might, so. And no, to be short, the contribution agreement that we have in place that is -- that has to be signed by the recipients who are -- the recipient airlines who are receiving this funding are not to be using that for the payment of any sort of bonuses or dividend payments. It is really meant to be provided solely to provide essential air services. There is a holdback provision in the contribution agreement as well so that they are expected to report back in to the Department of Finance so that the officials in the Department of Finance can review their financial information and, indeed, confirm that they have abided by all of what is in the contribution agreement. So, you know, this is our third go around. You know, I think the arrangements with the federal airlines are fairly different. This is our third go now. As Mr. Koe's indicated, there's a good relationship. They're certainly familiar with the information that they are receiving from the airlines, even if each one of them may structure their financial affairs differently. At this point, we've now had three times now gone through them, and three opportunities to review and be familiar with how it is that they are structuring their operations. So, you know, fairly able to look at the materials and I'm confident that indeed they are performing as they are expected to under the contribution agreements. Thank you, Madam Chair.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on June 3rd, 2021. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
June 3rd, 2021
Page 2849
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