Mutt my friend, that is why they are delaying the delivery of the aircrafts till end of March 2007. The lease contracts has been signed and the bank settlements are done. In other words all the paper work is OK.
Regrading the traffic rights. I am not in a position to mention NOW, what traffic rights they have. But do not worry they know what they are doing down there. Take my words for it. By then I will invite you over a chilled beer on the swimming pool of the Intercontinental in Makati.
Cheers