[QUOTE=Sanchez;76088]the margin of losses on the 53 aircraft would have to exceed the margin of profit on the 206 aircraft (which by the way is guaranteed per our agreement) for XJT to see red on the books.
QUOTE]

I guess the part I find hard to believe about your argument is that the hypothetical margins of loss would be small enough to be covered. I realize XJT's contract with CAL is quite lucrative, but the type of operations, like charters and independant airline ops, that XJT is exploring are far from cash cows. We've all seen how a little mismanagement in an airline can be devastatingly expensive.