Peterson said profits would be distributed based on contribution levels, while decision-making power would remain equal among participants.

He added that outside investors might be necessary but would not control governance.

Significant barriers remain to any acquisition

Despite the scale of online engagement, the campaign faces major financial and regulatory challenges.

A previous effort by a separate investor group outlined a potential $1 billion plan to recapitalize the airline, illustrating how far current pledges fall short. :contentReference[oaicite:0]{index=0}

Operating an airline would also require regulatory approvals, including certification from the Federal Aviation Administration, a process that can take years and substantial funding.

Past attempts at employee- or community-owned airlines have also struggled to sustain long-term operations.

Campaign remains in early stages

Peterson has said he is still seeking legal guidance and refining the plan as it develops.

For now, the project remains a rapidly growing online movement, with its next steps dependent on whether early interest can translate into a viable structure.