No one is investing into a start-up airline with debt, no route authority, 10 billion shares issued and outstanding and no financials for an equity position! There's also no way to get a loan, they have no collateral, unless they get more loans from their big boys. I doubt the big boys are going to lend the company $30mm to start.
I have to say that I was really swayed by the information the company presented depicting that they had the 6.5 million and the deal was as good as done as far as the money part went. HA!!