Ack. Pretty website, no funding, no DOT certification, lousy business plan, no future. I could be wrong, but this just smells like a guy with no sense playing with nice toys. Avoid even thinking about throwing your lot in at this stage, especially if it turns out they want money from you.
Nah, not PFT, AFAIK. A lot of marginal carriers have started by requiring newhires to front money for stock or other "investment instruments". And then lost their shirts. It's just a warning, not specific to Legacy. Legacy had grand plans to operate international heavies, domestic medium haul service, and statewide RJ's out of.... Syracuse. Well, it could still happen.... ahem.
P.S. I'm flying a trip this week with Eagleflip. Who woulda thunk it?