As far was Colgan getting dropped by CAL, won't happen completely. I don't know when the Saab contract is up, but I think it's around the corner. I could see the Saab contract being terminated then having the next 15 Qs going to IAH.

Now will Colgan still be Colgan a year from now is the real question. There's a lot of outside forces involved in the industry now (mostly politicians). Management will wait until the dust settles with the possible changes coming and then adjust the business model accordingly. I'm planning on three possibilities:

1) PNCL gets rid of Colgan via bankrupcy, rights it off as a poor investment and moves on. Very unlikely.

2) PNCL gets rid of Colgan name, renames company "Simply The Best" airlines and continues on normal course of high work low morale.

3) PNCL picks apart Colgan, puts the Q's on PNCL certificate, rest is sold.