When we compare Air New Zealand's loan facilities with that of our trans-Tasman neighbours in Qantas, I think, from memory, Qantas were paying something like 2.75 percent. We're paying about three times that in a market with a strong balance sheet. Yes, there was a significant hit last year and a trading hole, but I can't understand—in fact, frankly, the chairperson of Air New Zealand could not answer the question in the Transport and Infrastructure Committee—why that loan facility was required and not one on the open market. Well, I think this is a stalking horse for nationalising it. 