I had a somewhat lengthy conversation with Katherine Terry today. The silence has been a bit concerning, which is why I called. It was a good conversation. The biggest takeaway was that their chairman, Johan Eliasch, is still very much onboard and supportive of their endeavours. When she talked about Johan you could tell that she was being truthful. Very positive and very detailed, which leads me to believe that it's not fabricated. It sounded to me that she was hinting at some exciting opportunities, but she couldn't legally divulge anything at this time. I feel very confident that the convertible note isn't going to be an issue. I have a feeling they'll push it out another year. As far as current business, nothing really to report other than:
They are still awaiting the lien release in regard to the L-1011s (they are frustrated, but the process has to run its course)
Constantly bidding on contracts, but it is a slow process (the appeal process alone can take up to a year sometimes)
Current contracts are performing well
Global Express air & parts business is picking up
