Spotlight Capital Holdings Inc (SLCH)

[Lesson Learned]

I see the biggest issue here as the unknown. As I've said in the past, DOT approval is generally based on company health and the ability to sustain a regularly schedule airline service.

Cuba Service Provider status deals mainly with the Governments' opinion whether Avstar/Twin Air could be trustworthy to make financial transactions with a country which has US sanctions.

Once the DOT application is made the government begins a background investigation into the company and major players based on the application. If something is unclear, they will ask for further info, which DOT already did, twice. So we don't know what (if anything) the governments investigation has turned up to create the excessive delays. If anything changed hands in writing between DOT and AAVG, we should have known through the postings.

CUBA is another matter, these applications are investigated by Homeland Security who will not leave any stone unturned, and have unprecedented access to information. This is where I think Avstar has really "shot itself in the foot" by not filing with SEC, the auditor and overflight violation issues. Avstar has supplied the reasoning for a denial here. If approval should come here, it's only the first step, approval from CUBA itself would be required. After there are approvals from the US and CUBA, each flight requires prior approval.