Ann: Appendix 4C and Quarterly Update, page-62

This quarterly update provided clarity on the steps ahead, and yes the carrot continues to be dangled.

But let's face it, the FAA is a government body that has proven to be quite inept (wrt the Boeing Max 8 debacle), and probably will continue to favour relationships with American buddies. SMN is solely reliant on Delta and Sandia moving through to FAA approval.

I do wonder what the SMN executive directors actually do on a daily basis to earn their performance shares. Does anyone know? They do not appear to have been fully aware of the process with many of their earlier updates.