Initial read through is disappointing, but I'll read it again.

No 3rd party verification, a good thing and I apologize for my rant 2 days ago. However, for an international guy, this isn't good. One long trip and it looks like you're into the rolling required verification?

We fly smaller planes internationally, so the switch to block hours is a no for me.

Profit sharing needed to be reworked outside of the section 6 process to make it more transparent. This drives me to no.

The rate numbers are disappointing but at least they are front loaded (TVM thingie). But, no for the back end numbers.

On the scope side, it's the same concept as C12. I'll have to read more but for now I'm not impressed.

Anyway, I think it was done to be "just enough" to get past the MEC so don't be shocked when it passes there. The ball will be in our court shortly, let the games begin

Ferd