Mr. Hugh Creegan:

We are very conscious of the need for competition. It is a requirement in the legislation that we should have a regulated competitive environment here. We are very careful with every single licence application we get. I remind the committee that applications come into us from third parties. We consider each one carefully to identify its overall impact. We consider whether it will be beneficial for all transport users along the relevant corridor. We consider whether it will affect the public service obligation, PSO, service, if that is a factor. Many balancing items have to be taken into account. Nobody can say they get it right all the time, but we believe that, on the whole, we have struck a balance that reflects where the legislation is meant to bring us. Perhaps my colleague, Mr. Gaston, would like to expand on that.