They do fly 727s, yes, but they only have 3 of them operating. They have a lot more Jetstream turboprops, which is what you will see at YNG most of the time, if they ever start there. Boston and Maine, the real name of the airline, is not an employee friendly outfit, hence the anger from the board. They just happen to have the good ole' PanAm logo on the side.
I think you are taking this a bit to personally. Will YNG grow? Probably. Maybe. Who Knows. What will the economy do? Where are fuel prices going to be next year? Is the US mainland going to get atttacked again in a major fashion (I sure hope not). Totally out of our control. Also, what was that you said about the airport manager delayed B&Ms start date? I doubt it. Since when does the airport dictate an airlines schedule? Sounds like a bunch of PR Bull to me. Good luck with the airport.
As for #4 incarnation, you will probably see #5 next year. Different incorporation papers, but mostly the same people running the show.