http://www.bloomberg.com/news/2013-0...ures-debt.html

http://www.washingtonpost.com/busine...f7c_story.html

http://online.wsj.com/article/SB1000...881069906.html

Key takeaways:

- They converted some of their debt to SRB into "conditional equity" (whatever that means), that should save them $20 million a quarter in debt payments. This was approved by the DOT.

- They're getting better at not losing money (but are still losing money). They are talking about "an operating profit" later this year, similar to what they had in Q4 2012 (which means "we'd be making money except for all this debt we have to service". I'd sure be more profitable if I didn't have to include my debts...)

- Still borrowing money (75 million in the past few months).

- No new planes until 2015.

- They want to IPO once they start making profits.

Sigh. Good luck, VX, but it's sure taking a while. 6 years and counting.