I welcome the Under-Secretary of State for Transport, my hon. Friend the Member for Witney (Robert Courts), to his place. This is an incredibly important debate for my constituency, as Buckingham is conveniently commutable from Luton airport and Heathrow airport and not too far to commute from Birmingham airport. Many of my constituents who work for airlines and airports have written to me with horror stories about the way they have been treated, particularly by British Airways, but also easyJet.
I congratulate my hon. Friend the Member for Bexhill and Battle (Huw Merriman)—the Chairman of the Transport Committee, on which I serve—for securing the debate. With time being short, I will not repeat the arguments made, but I certainly agree with the central premise that, to get aeroplanes in the sky once more, to get people flying and to save this sector, we have to look at increased testing capability.
I very much welcome the £8.5 billion that the Government have already made available to the aviation sector. While we look to save jobs, which is the most important thing, we have to accept that no change is not an option. Anybody who argues for simply no change is probably not going to win that argument. Where we have to look most specifically is at how we are going to get British Airways, in particular, to change its mind and its attitude to its employees. I add my voice to those of right hon. and hon. Members who have spoken on that subject. Let us focus on the balance sheet of British Airways: the company made a £1.1 billion profit, after tax, last year; it has £2.6 billion in cash reserves; and it has £5.8 billion in shareholder equity. All those facts were detailed in the Select Committee report, and all that is before we get on to the parent company, IAG, and its reserves. So as BA takes a cold, hard look in the mirror, it could consider, having taken so much furlough money from the British taxpayer, being a little more like Barratt Homes in its approach to taxpayers’ money.