Just to correct some misunderstanding:
The plan is to have
-5 Aircraft by end of 2007 (of which -I believe- all have been sourced)
-25 Aircraft by end of 2010 (not 2008)
Needles to say, that it is a very rapid expansion plan which may or may not be modified by the realities down the road. No business is without challenges. Nevertheless it is a realistic and attainable plan.
One cannot underestimate the benefit of being able to start with a 'clean sheet'. Building an organization is one thing, but changing a culture of an existing one is much harder.
Sofar, the good-will on both sides management as well as employees is intact. It will be crucial to maintain that good-will during the rapid growth phase in the coming years, especially when the company size reaches the 'critical mass' of 8-10 aircraft.
If that happens, long term success is virtually guaranteed.
The management team is very good indeed, starting with CEO, Flight Ops Dir, Ops Manager, Chief Pilot. All of these guys have tremendous experience and people skills. Not something every company can offer these days.