Mr. Colm Barrington:

If I may make one more point, when people add up all the slots, the fleet, the cash, they forget the 4,000 employees. One cannot break up a company and let go 4,000 employees without cost. That would be a significant cost if the company were to be broken up. The whole picture has to be taken into account to work out valuation from that point of view. The valuation we came up with took into account all of those matters into. We looked at it every which way we could and the €2.55 a share is, in the board's view, a good valuation for the company.