I guess there would be many stories to tell, but once again they showed us that they simply can't handle it.
This movie was pretty bad and very, VERY dumb, the only thing i liked were two or three characters/moment. The comedy, action scenes and some parts of the soundtrack reminded me of the MCU. I'm not even sure, if it's better than AvP2.
Why not simply hire a GOOD director/team and try a different setting? Colonial Marines maybe or another planet or whatever...or at least spend more money and talent on the script. Though, i guess they don't want to risk too much money so won't happen. This movie was sooo dumb. I would've never watched it, if there were no Predators in it.
I'd like to see another angle on the Alien Franchise and MAYBE a sequel to Covenant - i highly doubt it would be good, but at least it had a few good moments - just finish the whole thing. AvP and Predator? Something is better than nothing i guess, but in this case there is really no hurry.