Yup. Just as suspected. An easily crafted letter of hopeful "projections". No different then the one penned in the early 2000's regarding Letter 3. I have no doubt Mr. Wilson wants to keep the Envoy ship steaming along as best he can, but AAG hasn't made any commitments to Envoy beyond what is already known.

What about the announcement Envoy will not shrink below 200 airframes and maintain current size. What about the announcement that Envoy will increase hiring to cover 50 pilot a month attrition to AA and elsewhere ?

Again, I see no COMMITMENTS, only hopeful PROJECTIONS.