After looking over this airline's balance sheet, I've come to the conclusion it will either get bought out or go Private. The present value of their Tax Loss Carryforwards is worth many multiples of the current market cap alone. I realize they have Debt, but taking everything into account, this company is cheaper than FREE at current prices. Any potential suitors would get a Free airline after paying off the debt, and then riding those tax loss carrys. I predict it goes Private, and then comes back as a public company after the Economy in Brazil improves.