Inorout, scratching me head here partner. Over the course of time, BLTA like most of the other big boys in the airline industry will certainly be saddled with its share of debt that overruns its revenues. BLTA is in a good position being a startup with minimal debt, that certainly a good thing. However, its EXPENSIVE maintaining and operating aircraft, crews to fly them, all the admin expenses associated with maintaining a good customer service posture, in addition to the need to upgrade its fleet. So BLTA is starting in a good position, but within a few years, they too will likely have a higher debt ratio. IMO