Low cost long haul is as yet unproven. But on the plus side there are a number of things in their favor. A lot of the costs should be lower including aircraft acquisition, fuel and crew and there should be slots available together with plenty of pent up demand. These guys will hopefully have learned something from their past mistakes. Timing of a ramp up in flying will be tricky. But I think a startup without debt and building on past experience has as good a chance now as it will ever have.