I'm thinking it's just a fancy title for a card that will say "add 1 to your Squadron value"
I'm thinking the same thing. I am under the impression the squadron value is both the amount of ships you may activate in the
squadron command and also the amount of squadrons that canbe fielded with a given ship.
I believe it only controls how many squadrons you activate, i dont think there's been anything to point to a restriction on how many squadrons you can field.
Actually I really like this. If you watch the Space Battles from TOT (Battle of Yavin and Battle of Endor) The Fighters get a lot of support. In the battle of Yavin there are people talking to the people in the fighters all the time, telling them about new fighters, telling them what to do, and of course worrying that Luke turned off his targeting computer. In the battle of Endor it isn't so obvious, most of the conversation during the battle comes from Lando directing the fighters. But it is very conceivable that the Falcon was fitted with sensor and tracking equipment to help it coordinate the fighter attack.
This is all speculation, but it makes sense to me that larger ships povide support for the fighters even if they don't actually have hanger bays. Take for example the Covet, it can't actually carry any fighters, but that doesn't really matter so much, since Rebel fighters have hyperdirves and get to the battle area on their own. That doesn't mean that they won't need any logistical support when they get there.