Niknak,
300K wouldn't cover the security deposit and first months rental on the aircaft.
They have two Interim directors (consultants, I presume), an inexperienced Chief Operating Officer, and an accountant.
I'm betting that sometime around mid- may, they will announce difficulty instarting due to the Gulf situation, by June they will be taking about delaying start until next spring, and by October it will have disappeared completely.
Happy to eat my words if it works out differently.