I've noticed some negative sentiment for the stock so I'd like to give another analysis of the stock. Management may have shady history but this company is still trading below it's liquidation value!

In the first 6 months of this year they paid back 12.5% of their total debt when they had a 10M+ free cash flow. That's $20M annualized free cash flow for a company with a $30M market cap. If they can repeat those results for one more full year then you have already broke even. They have a shareholder equity of $37M and increasing at a 15% annualized rate.

Book value is $24.30 a share and I see fair value considering cash flow potential (no need to rent more aircraft for remainder of year, next year only need to re-lease 10 instead of 25, 4 more coming on board from repair) and full year earnings for this year and next as well as considering their management. I see this worth $35 a share. I see intrinsic value of $45 but $35 leaves a 30% discount I believe the share deserves.