Mr. Stephen Kavanagh:

There will be a limited number. It will have a direct impact on those involved but I expect at a minimum that there will be redeployment opportunities within the group. We are talking about significant incremental growth. The jobs may well be in different areas but there will be significant incremental growth. As we sit here, we have an active voluntary severance programme but we are also still actively recruiting pilots, engineers and cabin crew. That is the nature of the airline business. Where people can build careers changes over time. It is about how we respond. Twenty years ago people counted IATA tickets; now it is all transacted via the Internet. Airlines change and adapt but what we are talking about here is a significant increases in employment potential and the significant spin-off in terms of indirect jobs whether that is in airports, service providers or hotels.

The example I put forward for consideration is what the UAE carriers such as Etihad Airways and Emirates Airline have done. Twenty five years ago, nobody had heard of Dubai. One would certainly not have travelled through there. Investment has recognised the geographic advantage of Dubai and the opportunity for the economic spin-off associated with that level of investment. I do not say we will achieve that level of scale but that is the ambition we share.