Mr. James Courtney:

We are aware of the Ghent report, which I think is the one to which the Deputy is referring. The type of contracts that pilots have, as Captain O'Connor has said, is outside our remit. The contractual arrangements that operators or airlines have with their crews are outside our remit.

I will go back again to the calendar year issue because while the Deputy has made some good points, I just want to clarify the matter. The peak summer months for most airlines, generally speaking, are June, July and August. Irrespective of whether the calendar starts in April or January, those three months fall inside the same calendar year. That is why I am saying that there is no advantage in having an April to March calendar year over a January to December one; if there was, we would be on to it very quickly. Historically, most companies' financial year ran from April to March so that kind of lined everything up and that is how some airlines operated here. However, I must repeat that there is no advantage in having an April to March calendar year.