With what cash?

XJT has 244.26M in total cash according to the last 10-Q, with 153.49M in debt. Compare that to Republic Airways Holdings, which has 162M in cash and 1.41B (as in billion ) in debt...and Midwest Air Group, with only ~99M in cash and 47M in debt.

I wouldn't bank on XJT getting this flying any more than I would bet on AWAC getting this flying...but you've got to admit, CRJs currently in the desert are a helluva lot cheaper than XJT's new lease payments to CAL.