Financial restructuring - MUST READfor all FLIGHT CREWS

NOTAM:

Flight Crews:

Well, your virtual pensions are safe! The staff at NLA has long planned for restructure of our leased and owned AC portfolio and it has begun...

IMPORTANT: No AC type OR routes have been eliminated.... None! And if you find any that have been... Please let me know ASAP as I am being VERY careful!

Please watch the financials page of our main website as we leverage excess AC into a -zero- lease liability and -zero- debt fleet. While we still will have maintenance costs, including more frequent "A," "B," and "C" line maintenance, as long as we continue to improve in the AC damage category... (think speeds) we will increase our profitability by a minimum of 19.6%. In the big scheme; that is against "assets owned," so that number is even more significant. Essentially 27% to 31% monthly...

How can you as a pilot help? Fly as much as you can and fly your routes carefully as the NLA professional you are!!!.

Pilot Value proposition?

Pilots... we have polled you, we have listened to you, we have talked to many of you, and you will be quite pleased at what is going on behind the scenes! I will NOT "spill the beans," but I will say we have a very BRIGHT future. And... you are in on the "ground floor" (or starting Runway alt if you prefer)

More info to follow!

:END NOTAM

Yep.... up and down in the money... But the great news is we now own the DC-9's and our most expensive - - - wait for it.... The 747 Freighter! More to come... up we go again.

Update: At this all morning... We now have -zero- lease liability and value of over $1.1B. We own all of our AC. I did sell the remaining EMB190 as it has not been flown since May. Routes were transferred. It may still be used as a sub on many of the flights.

I will now work on adding some routes.

Jeff

Update: Done for now... Grizz has volunteered to assist in the last three AC sales once he and Bill iron out their INCREDIBLE project... About $250M yet to yield on sales, and an upcoming buy should leave us at an improved place to continue revenue growth without liability!!! Around the LA amount of $375M...

Non-adjusted EBIT Mid month 2012 September.

Liquid Assets (Virtual Cash)312,683,016.82
Hard Assets (AC Ownership)859,247,237.68
Monthly Liabilities (AC Leases)0.00
Current VA Value 1,171,930,254.50

First Pass "Pro-forma" September:

WOW.... We are exceptional shape and positioned for growth!! Nice job Fella's (and ladies, who put up with our simming)

Liquid Assets (Virtual Cash) 321,049,759.68
Hard Assets (AC Ownership) 859,083,509.52
Monthly Liabilities (AC Leases) 0.00
Current VA Value 1,180,133,269.20