No plan, but for the government
Breguet is right.
The last attempt by Canjet to enter the market was based on a presumption that the Canadian Liberal government would provide unbridled protection for any new start-up. Regardless of the market conditions. Regardless of the costs.
Canjet filed a grievance (read-lawsuit) against AC a day before they started operating. But the dummies entered the market at at price point that would have been unsustainable by anyone. This significantly weakens their case. Had they not been bought out, they would have likely been bankrupt within a year anyway.
AC matched their prices, as any competitor would do. Had those prices been just sustainable by Canjet (low overhead and salaries), they would still have Ac competing with them, but the business model wouldn't have had them out of business. And AC would have lost all kinds of money trying to compete.
Sure, the market has changed, but relying on the good graces of Liberal hacks still does not constitute a viable business plan. And so far, that still appears to be all they have thought about. And the previous grievance hasn't even made it through the courts yet.
I do hope the new incarnation flies. I hope the vulture-capitalist management dummies in charge learned from their mistakes. But I wouldn't bet the up-front cost of a 737 PPC on it, which is what you have to pay if you want to work there.