The Business model
The new EAL was supposed to be flying by now but isn't. In order to have an airline you must have approval by the FAA at least. The process, although time consuming, should have been completed by now. This says a number of things,1) Financial issues, 2) Management issues, 3)The plan itself and the list goes on.
The new EAL has gone from 737, to Airbus to 737 and now MRJs. Although they have advertised for crews I do not believe they have hired anyone yet except management people many of who have, let's just say, interesting track records. This also includes a small office in the old building which the airport uses now.
So, I would say it is not going to get off the ground. If, however it does, then it will be similar to Falcon or World Atlantic. The new EAL will need vast resources and lots of money to attract and retain people in order for the plan to work. I do not believe this will happen. One airplane painted in the colors does not mean they are in business.
Trust me, watch this space.