Mr. Willie Walsh:

Deputy Ellis is right that I said that we would be crazy to give an unlimited guarantee about the operation of slots because it would restrict our ability to negotiate with suppliers, including the airport. Nobody operating in a commercial would say, "I guarantee to give you all of my work regardless of the quality of service you give me and regardless of the cost of the access you provide me with". That would be mad and anybody in business would say that giving all one's bargaining power over to a supplier would be a crazy thing to do. Naturally, we want to have the ability to be in a position to ensure the people who provide us with services provide quality services in a cost efficient way. That is perfectly sensible. It is what everybody would want because nobody wants to believe that there is a locked-in service and the quality of that service can be completely unacceptable simply because we have given a commitment.

With regard to pensions, I have been very clear. It would be unfair for me to suggest otherwise. We will not do anything other than what has been done. We will support and honour the commitment that was given by Aer Lingus and its shareholders at the EGM in December but we will not do anything in addition to that.

I hold 10,616 shares in Aer Lingus. If this deal goes ahead, I will sell my shares. They cannot be transferred. It is not a material figure for me, though it is a material figure. I hold approximately 730,000 shares in IAG out of just over 2 billion shares. Clearly, I am the CEO of the group and that has, I hope, significant influence on how the company is run.