It does not say they purchased the 777s, all it says is “acquired feedstock” which could be options. And, half a million is likely about 5% of a 777, enough to secure the option.

By dissolving the passenger service and opening the cargo under a separate business, it’s likely they will be forgiven the PPP loans. While I don’t understand the meaning behind your statement, the cost for them to get into the cargo field has likely been floated by the taxpayer.