As I was having my coffee this morning I was thinking of Tony and what possibilities he maybe thinking of for this new path that they announced in November but yet to have the details of. Being in business myself, although not in Aviation but in real estate, I went through a brainstorming process charting pros and cons of any possible new path. Here is the conclusion I came up with, who knows if this is on the table its purely my speculation and makes sense to me being in business and a somewhat leader in my field. I do want to disclose that I currently own 18.5 million shares.
The path that makes sense to me cost/time wise is to try and go back to Songbird and if they lost the $1 million, offer them $5.5 million instead of $6.5 million, Songbird already has the $1 million on hand if BLTA was indeed in default. In real estate, deals fall through all the time, it doesnt necessarily mean the buyer/seller end it, they at times go back to the negotiation table. Or get another certified airline, buy them out, merge with them if Tony can, I think his best path is to go this way compared to starting all over again, if they get another certified airline ( not Songbird for whatever reason ), they start at the finish line ( being certified ) as opposed to starting all over again going through the certification process which takes time and of course money and uncertainty will they get the certification.
Anyways, that is what is on my mind and the fact that there are a few very large shareholders imo not willing to see this fail, along with Tony's determination it seems so far, never to give up.
Lets see what happens with these 3 options. Option 1. is best imo buy/merge with a certified airline 2. start all over again 3. fold through in the towel. Those are the 3 options I came up with I could have missed some, hoping its option 1 but you never know it could be 3, hoping for the best, good luck to all shareholders.
