Would they be able to start from scratch and get an AOC and be flying a year from now - as is their plan?
There are certainly an adequate number of US airlines that ceased operation in the past couple of years. How soon does the AOC go away when they stop flying?
Come to think of it, because of the US rules about foreign ownership, isn't this almost certain to be a renamed existing US airline. Airtran or JetBlue or ATA or America West? World Airways is always on the verge of bankruptcy, but are they a useful catch? And finally .... US Airways is still in financial trouble........