Thank you, Madam Chair. I'll try not to get too accountant specific on my response here, but. Since this is the third round of the aviation funding, we've had some pretty good dialog with all the airlines. Actually it's been pretty transparent on both ends but we do ask for all their financial information from their revenue and expenditure projections, so -- their income statements, their cash flow statements and their balance sheets. So we have a good understanding of their entire organization and how they operate. From there, we specifically earmark some time to meet with each airline and go through all their financial statements and ask our questions to do our due diligence to fully understand-- to fully understand their operations and their pressures and how they're evolving as the pandemic as evolved.

From there, we do a calculation of what we call a gross margin approach. So just looking at kind of their revenues and their variable expenses and what we're looking at here is kind of just the cost to operate, the cost to operate the essential flights that they are undertaking within the Northwest Territories to ensure that supplies and patients and people can move around the territory.

So once we do that calculation, you know, we kind of apply that calculation to the overall funding that's available to come down to a breakdown of the funding for each airline. Thank you, Madam Chair.