After reviewing the proposed transaction, analyzing every alternative avenue, and discussing our options with our legal counsel, professional advisors and subject matter experts, the MEC determined that it is in the best interest of our pilots to allow the transaction and merger with ASA to move forward, provided that our requirements are met. This means that a transition and process agreement, which contains protections for our pilots equivalent to those contained in our current agreements, must first be achieved before any process involved with merging the two carriers can begin. These protections would also need to carry over to any successor airline through a joint collective bargaining agreement. We will, of course, preserve our legal rights in the event our requirements are not met and it becomes necessary to pursue an alternative option.