Daily Logo Challenge: Day 02

My second entry for the Daily Logo Challenge.
I played around with the idea that the body of the "i" should act as a visual process of the hot air balloon ( acting as the dot of the i ) getting higher. By doing this, I hope this shows a play on the actual name I came up with for the logo. I am a sucker for wordplay.
The simplification of the hot air balloon and it's color are meant to connect the usage of the gas tank and fire in the hot air balloon.

Conceptually, I'm pretty happy with this. Aesthetically, it still needs refinement. I'm thinking that the letters should be more rectangular in corners instead of round.

I'm always looking forward to constructive feedback so I can strengthen my skills, so feel free to shoot a comment.
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Day 02 Brief:
Design a logo featuring a hot air balloon.