Absolutely, I would. Absolutely, I would, and I'd say to the Member as well, I welcome PAC's interest in the airport. And in terms of when those loans should begin being repaid, it's obviously for the airport to judge what is in its best financial interests, and this answer has been given to, certainly, the Economy, Infrastructure and Skills Committee.

Now, before talking further about the specifics of Cardiff Airport itself, I think it's important that we actually place this debate in the right context that it deserves. And Dirprwy Lywydd, we are facing challenges on a global scale: our climate is changing rapidly; we're seeing the impact now that the coronavirus is having on the economy and on the people of this world; Brexit is fundamentally reshaping our trading and external relationships; and recently we've seen refusals for three major airport expansions at Heathrow, Stansted and Bristol—all on environmental grounds. So, all of this creates not only challenging market conditions for aviation, as demonstrated by the recent collapse of Flybe, but important questions about the role of aviation policy in Wales. And I believe that it's important to address this head on, to develop our understanding of the evidence base around the airport's carbon emissions, to look at how Cardiff Airport could become a UK centre of excellence for low-carbon aviation, and, of course, to understand the role and the potential of Cardiff Airport in our post-Brexit existence.

The Cardiff Airport master plan for 2040 offers an opportunity to address all of these challenges, including the potential for a sustainable transport interchange and also sustainable locally owned energy. Ownership of the airport gives the Welsh Government a unique opportunity to lead the way in developing low-carbon and technological solutions for the industry. And we are in discussions, I'm pleased to say, with universities and with industry partners who are keen to utilise the airport as an exciting test bed.

The strategic social importance of Cardiff Airport is demonstrated most by the connectivity created between north and south Wales. This link is important for both the social and economic connections between the north and south of our country. And the route, I'm pleased to say, has grown in passenger numbers under Eastern Airways, who were recently awarded the contract for a further four years. Moreover, Cardiff Airport is now responsible for the operation of Anglesey Airport's passenger terminal facility.

But turning back to Flybe, I'd like to say that our thoughts go to the employees and passengers who have been affected by its collapse. We do regret that the UK Government's failure to intervene in the Flybe situation has led to such devastating consequences. We consider this to be symptomatic of the negative policy position it takes in relation to regional airports and to regional connectivity across the United Kingdom. It is within the UK Government's gift to vary its interpretation of state-aid rules to align with the rest of Europe, and to remove the regulatory costs that burden smaller, regional airports. So, once again, I call on the UK Government to devolve air passenger duty to Wales, as it has done for Scotland and for Northern Ireland. The airport is a valuable, strategic national asset and one that we should all be immensely proud of.