Firstly I should like to state that I wish FlyGlobeSpan well.
What confuses me it the rhetoric:
In terms of a (relatively) small low-cost airline, what is the 'next natural level' and how, in the deepest recession for many years, do they intend to achieve that?
Achieving the 'next natural level' suggests long-term planning and not an '11th hour' injection of cash to save the airline from the brink.
All seems contradictory to me.
'investment' and 'cash injection' may appear to be the same, but in practice they would be for completely different reasons.
I can't see how anyone would 'invest' in an airline to save it from the brink and risk good money following bad (IF that is the case).
Conversely, if an 'investor' has been found it seems a strange time to be investing IF the airline is 'on the brink'.
Just a thought (or two).
KR
FOK