Not exactly. It isn't like buying a car. Yes I see your point but it still seems as if they'd be better off owning. Once their cash on hand is up they have nothing left to borrow against. Obviously what they are doing now is scaring investors. I was hoping for the best and invested in the company and am currently looking at a little over a 40% loss. Still doing well overall but I'd be averaging over 20% this year if it weren't for this one so I'm currently sitting at 15.8%. Just because someone over there hasn't done doesn't mean it wouldn't have been a good idea. Hindsight is always 20/20 and they did pretty much have those planes just dumped on them with not much time to form a real market plan. Everyone knows the 50 seater aircraft aren't very economical but they either had to give them up or go on their own ticket. They took the gamble and right now aren't doing too well with it.

Here's a question: If XJT was given a good amount of flying with nice long contracts from Frontier, Delta, Continental etc. would they pull aircraft off the branded flying, move them there, and close the routes? Did XJT go branded in efforts to delay losing the aircraft in hopes of finding flying elsewhere?