134.5 is a pejorative for a bad 135 company..
Hey John,
134.5 is just a pejorative for a half-ass, do it or your fired type 135 operator: Think YIP in the 1990's or S. Florida 135 operators that were bad enough to become a cliche' and a meme....
"134.5" implies a company that does not hold a charter certificate, yet performs charters. If you're applying that to the operator in question, then you've lied. Make that clear: you are lying. You state that Cirrus proudly proclaims their status as a "134.5 company." How is it that they hold out to the public for charter, then? Where is this proud proclamation?