I suspect that these leases were signed before covid came along and now they are committed to them. Quite what there going to do with a small fleet of 170/190s along with the 145s they’ve still got is beyond me.
The last time the 170s were at the company, it was just a money pit with them sat around most of the time doing nothing with crew/ contractors being paid daily rate sat around in hotels. I suspect this venture won’t be too much different other than the crew will probably be on salary.
wont be long before even more of the boss’s money needs to get pumped in to keep things afloat. Any other company would have been gone years ago.