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What Ever Happened To Baltia?  
User currently offlinespiritair97 From United States of America, joined Jan 2011, 1231 posts, RR: 0
Posted (1 year 10 months 3 weeks 4 days 3 hours ago) and read 8484 times:

A few years ago, a new airline emerged, saying it was going to start flying between JFK and St. Peterburg using an ex-NW 747-200. They even had the plane painted and their website is still operational. So, what happened? Awaiting government approval? I doubt that would take this long.

Maybe somebody can help me out!

http://www.baltia.com/

Many thanks!  

28 replies: All unread, showing first 25:
 
User currently offlineBMI727 From United States of America, joined Feb 2009, 15780 posts, RR: 27
Reply 1, posted (1 year 10 months 3 weeks 4 days 2 hours ago) and read 8477 times:

Quoting spiritair97 (Thread starter):
saying it was going to start flying between JFK and St. Peterburg using an ex-NW 747-200.

I thought it was ex-PIA? Anyway, it's not like it matters.

Quoting spiritair97 (Thread starter):
So, what happened?

Probably scouring bookstores to stock their inflight libraries.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineLAXintl From United States of America, joined May 2000, 25737 posts, RR: 50
Reply 2, posted (1 year 10 months 3 weeks 4 days 2 hours ago) and read 8470 times:

They have been trying since 1989!

Anyhow, you can check out their SEC filings online. Symbol is BLTA.
But in essence per Q3 filling, they say they are in advanced stage of FAA certification and have begun crew training with Kalitta Air.

In addition to JFK-St. Petersburg route, they are also looking at serving Latvia, Ukraine, and Belarus.

Oh btw, their stock was up a whopping 33% today !



From the desert to the sea, to all of Southern California
User currently offlinespiritair97 From United States of America, joined Jan 2011, 1231 posts, RR: 0
Reply 3, posted (1 year 10 months 3 weeks 1 day 3 hours ago) and read 7972 times:

Thanks for the responses! I look forward to seeing this airline takeoff (if it does) for a number of reasons:

1. I'm interested in seeing how their routes work.
2. I would LOVE LOVE LOVE more 747 classics flying passenger routes to/from the USA.


User currently offlineBlueBus From United States of America, joined Feb 2011, 81 posts, RR: 0
Reply 4, posted (1 year 10 months 3 weeks 1 day 3 hours ago) and read 7974 times:

Quoting BMI727 (Reply 1):

I thought it was ex-PIA? Anyway, it's not like it matters.

I think they have two 742's. One is ex-PIA and the other is ex-NWA.


User currently offlineLOWS From Austria, joined Oct 2011, 1166 posts, RR: 1
Reply 5, posted (1 year 10 months 3 weeks 1 day 1 hour ago) and read 7877 times:

Quoting LAXintl (Reply 2):
Oh btw, their stock was up a whopping 33% today !

Who in the name of God is:

1. Buying their stock?
2. Financing their operations?


User currently offlinelevg79 From United States of America, joined Sep 2003, 995 posts, RR: 0
Reply 6, posted (1 year 10 months 3 weeks 1 day 1 hour ago) and read 7852 times:

Shouldn't this topic be added to the list of banned topics for it's repeatedness?

Quoting LAXintl (Reply 2):
But in essence per Q3 filling, they say they are in advanced stage of FAA certification and have begun crew training with Kalitta Air.

So they took 23 years to get to the advance stage of FAA certification? This is like an entire generation ago

Quoting spiritair97 (Reply 3):
I'm interested in seeing how their routes work

This same JFK-LED market was served by SU around the same time this airline was being conceived. Since then SU dropped the route. Do you think they dropped it because it wasn't feasable or they got scared of competition from Baltia? And SU was the world's largest airline back in the 1980s.

Quoting LAXintl (Reply 2):
Oh btw, their stock was up a whopping 33% today !

It was down 10% today

Quoting LOWS (Reply 5):
Who in the name of God is:

1. Buying their stock?
2. Financing their operations

Let's think this through logically. Today's trading volume was 223,972 shares. Priced at about 2 cents per share we're talking about less than $4,500 for the entire day. Taking B6 stock as a comparison, today's volume was 2,686,724 shares at about $5.14 per share means that almost $14 billion was involved. So when we're talking about $4,500 a day, there's not much you can finance when you're talking about an airline with a fleet of B742s flying from North America to Europe.

Quoting LAXintl (Reply 2):
In addition to JFK-St. Petersburg route, they are also looking at serving Latvia, Ukraine, and Belarus

So even if they ever do get off the ground, what good will these routes provide? An entire population of Latvia is about 2 million people. Unless they set up a hub in RIX or partner with BT for code sharing this simply won't work as O&D traffic. JFK-RIX is already served direct by HY which had to cut down from twice a week to once a week and the service continues from TAS, where the bulk of JFK passengers go to and from. Ukraine is already serviced by 2 direct flights a day, VV and DL with KBP. Is there a demand for more? Maybe to a different city like Odessa? Who knows. And serving Belarus is almost as bad as setting up direct service between JFK and HAV. Both governments give each other's citizens a hard time to obtain travel documents between USA and Belarus.

I don't want to sound pessimistic but it looks like Baltia will just be another airline that will never leave the ground.



A mile of runway takes you to the world. A mile of highway takes you a mile.
User currently offlineLOWS From Austria, joined Oct 2011, 1166 posts, RR: 1
Reply 7, posted (1 year 10 months 3 weeks 1 day ago) and read 7836 times:

Quoting levg79 (Reply 6):
Let's think this through logically. Today's trading volume was 223,972 shares. Priced at about 2 cents per share we're talking about less than $4,500 for the entire day. Taking B6 stock as a comparison, today's volume was 2,686,724 shares at about $5.14 per share means that almost $14 billion was involved. So when we're talking about $4,500 a day, there's not much you can finance when you're talking about an airline with a fleet of B742s flying from North America to Europe.

Yes, but the question is who is paying their bills? A Russian Oligarch?


User currently offlineRobK From United Kingdom, joined Sep 2004, 3955 posts, RR: 18
Reply 8, posted (1 year 10 months 3 weeks 1 day ago) and read 7818 times:

Quoting BlueBus (Reply 4):
I think they have two 742's. One is ex-PIA and the other is ex-NWA.

They don't have any planes. Both were permanently withdrawn from use for scrap within the past year or so and are sitting in the desert part dismantled.

The airline is dead (not that they were ever alive), let's move on please...


User currently offlineCODC10 From United States of America, joined Jul 2000, 2435 posts, RR: 6
Reply 9, posted (1 year 10 months 3 weeks 1 day ago) and read 7798 times:

IMO it's a typical penny-stock scam. Develop a slick website, sink a few bucks into marketing to lure in unsuspecting small-ticket investors and move large volumes of shares to effect big swings in the share price. It's just been a bit more long-lived than your garden variety pump-and-dump.

Anyone who thinks that concept is viable in 2012 needs to have their head examined.


User currently offlineBMI727 From United States of America, joined Feb 2009, 15780 posts, RR: 27
Reply 10, posted (1 year 10 months 3 weeks 23 hours ago) and read 7758 times:

Quoting CODC10 (Reply 9):
Anyone who thinks that concept is viable in 2012 needs to have their head examined.

Even investing in considerably more viable airlines is generally a bad idea. Investing in Baltia is something else entirely.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineLAXintl From United States of America, joined May 2000, 25737 posts, RR: 50
Reply 11, posted (1 year 10 months 2 weeks 3 hours ago) and read 7505 times:

Speaking of the devil, the DOT today asked Baltia for an update on its launch efforts.

According to DOT, in consultation with the FAA, they are under the impression the carrier is not making sufficient progress in obtaining the required FAA part-121 authority. More specifically they understand there has been no FAA action since October 22, 2012, while Baltia SEC filings show the air carrier's cash accounts have significantly decreased.

Baltia has 30-days to address the departments concerns otherwise risk revocation of the company's certificate of authority for reason of dormancy.



From the desert to the sea, to all of Southern California
User currently offlinespiritair97 From United States of America, joined Jan 2011, 1231 posts, RR: 0
Reply 12, posted (1 year 10 months 1 week 6 days 23 hours ago) and read 7418 times:

Quoting LAXintl (Reply 11):

Nice, thanks for the update!


User currently offlineAMSSFO From Netherlands, joined Feb 2005, 952 posts, RR: 10
Reply 13, posted (1 year 10 months 1 week 6 days 20 hours ago) and read 7326 times:

Quoting RobK (Reply 8):
They don't have any planes. Both were permanently withdrawn from use for scrap within the past year or so and are sitting in the desert part dismantled.

I did a little search. Baltia has acquired two 747 in the past,
N705BL ex-PIA AP-AYW acquired NOV 2009; stored at KUL and scrapped early 2012 after acquiring their second 747 N706BL ex NWA N623US; acquired DEC 2010; currently stored at OSC; arrived sept 10, 2010 in full Baltia c/s; I haven't found any sign it might be scrapped. Whether it will actually fly again is another question.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75691978


User currently offlineteme82 From Finland, joined Mar 2007, 1569 posts, RR: 0
Reply 14, posted (1 year 10 months 1 week 6 days 19 hours ago) and read 7264 times:
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I think that the whole Baltia case is one big and expensive joke. They have been trying to get going for the last 23 years and still no go. I think most of the pax from St. Petersburg will take the plane/train to HEL and continue from there when heading to JFK or West Coast.


Flying high and low
User currently offlinetsnamm From United States of America, joined May 2005, 628 posts, RR: 0
Reply 15, posted (1 year 10 months 1 week 6 days 14 hours ago) and read 7121 times:

Quoting teme82 (Reply 14):
I think that the whole Baltia case is one big and expensive joke.



I Agree...but the question is on who? Its obviously not a get rich quick scandal....whoever is behind it is extremely optimistic or stubborn...23 years...wow that's persistent.


User currently onlinebennett123 From United Kingdom, joined Aug 2004, 7690 posts, RR: 3
Reply 16, posted (1 year 10 months 1 week 6 days 12 hours ago) and read 7033 times:

Given the cost of fuel and the availability of spares for the B747-200, out of production since 1989, it is hard to see this as a runner. Even early B747-400's are being scrapped now, (e.g. AF/LH).

Interested to know the hours and cycles of these aircraft as well, NW DC10's for example were retired with huge numbers of hours, (about 120,000).


User currently offlineCush From United States of America, joined Feb 2009, 246 posts, RR: 0
Reply 17, posted (1 year 10 months 1 week 5 days 23 hours ago) and read 6817 times:

This airline is not real. Read written reports, stories, and other forums online. This airline is a front for the owners to scam willing investors out of money. Look at the insider trading activity, which is required to be public knowledge by the SEC. Anytime the stock ticks up the slightest bit, the insiders dump a large amount of shares. Baltia will never ever ever see the light of day. The FAA needs to revoke their license and stop this pump and dump scam now!


Fly me to the moon let me play among the stars.
User currently offlineLGWGate49 From Sudan, joined Nov 2009, 138 posts, RR: 0
Reply 18, posted (1 year 10 months 1 week 5 days 18 hours ago) and read 6706 times:

Quoting Cush (Reply 17):
This airline is not real. Read written reports, stories, and other forums online. This airline is a front for the owners to scam willing investors out of money. Look at the insider trading activity, which is required to be public knowledge by the SEC. Anytime the stock ticks up the slightest bit, the insiders dump a large amount of shares. Baltia will never ever ever see the light of day. The FAA needs to revoke their license and stop this pump and dump scam now!

Perfect analysis Cush, actually the whole Baltia business is not a joke, there has never been any intention to set up an airline.

Quoting LAXintl (Reply 11):
Baltia has 30-days to address the departments concerns otherwise risk revocation of the company's certificate of authority for reason of dormancy.

Lets just hope the authorities take some serious action this time.



Look for the ridiculous in everything, and you will find it
User currently offlineLAXintl From United States of America, joined May 2000, 25737 posts, RR: 50
Reply 19, posted (1 year 10 months 1 week 4 days 4 hours ago) and read 6493 times:

According to Baltia they are making progress, and now looks like they have shifted from having the certification process in New York City to Michigan with transfer to the FAA Michigan Flight Standards District Office.


Baltia Opens Operations Base in Michigan
http://finance.yahoo.com/news/baltia...operations-michigan-210600468.html

=



From the desert to the sea, to all of Southern California
User currently offlinetsnamm From United States of America, joined May 2005, 628 posts, RR: 0
Reply 20, posted (1 year 10 months 1 week 3 days 16 hours ago) and read 6360 times:

Quoting LAXintl (Reply 19):
According to Baltia they are making progress, and now looks like they have shifted from having the certification process in New York City to Michigan with transfer to the FAA Michigan Flight Standards District Office.

How convienient...shell game anyone?


User currently offlineYukon880 From United States of America, joined Sep 2011, 137 posts, RR: 2
Reply 21, posted (1 year 10 months 1 week 3 days 16 hours ago) and read 6349 times:

Quoting Cush (Reply 17):

Sometimes people do crazy things with "investment" money Cush, of all people, you should know this!
You mention willing investors being scammed out of their money, while I doubt that any are at gunpoint.
Loads and loads of cash tied up in an operation that may never make it to revenue flight...

But the do have one very snazzy lookin' 747-251B in full Baltia Air Lines paint!



Pratt & Whitney, In thrust we trust!
User currently offlinehumanitarian From United States of America, joined Jan 2012, 106 posts, RR: 0
Reply 22, posted (1 year 10 months 1 week 3 days 12 hours ago) and read 6243 times:

Once upon a time I worked with this airline to help them get airborne. It was their second attempt. We were successful in obtaining a 747-200 from CX with the option for others. The aircraft was fresh out of a "D" check and almost ready to go. The problem then as is apparently now, the lack of sufficient money to get to the finish line. They had an IPO in the works and it never happened -- again. The other problem is that Igor Demitrowsky (the founder) has some unusual ideas of marketing the product which people chuckle about and don't understand. Having said that, people need to know he is catering to his key customer, wealthy Russians and other ethnic groups in the former USSR.

To get an idea of how his service would look, take a look at this picture from a Transaero 747. That is an example of what Igor's vision would create if they had sufficient funding. He means well and I wish him and Baltia well.



View Large View Medium
Click here for bigger photo!

Photo © Fyodor Borisov - Russian AviaPhoto Team



User currently offlineKarlB737 From United States of America, joined Mar 2004, 3122 posts, RR: 10
Reply 23, posted (1 year 10 months 1 week 3 days 8 hours ago) and read 6138 times:

Quoting spiritair97 (Thread starter):
So, what happened? Awaiting government approval? I doubt that would take this long.

Funny you should ask. I spotted this today. I was going to post it but then I figured no one would give a flip.

Press Release: Baltia Air Lines

Baltia Opens Operations Base In Michigan

http://finance.yahoo.com/news/baltia...operations-michigan-210600468.html

Oops I see my info is already in reply 19. Me bad.

[Edited 2012-12-15 13:24:35]

User currently offlineYukon880 From United States of America, joined Sep 2011, 137 posts, RR: 2
Reply 24, posted (1 year 10 months 1 week 3 days 1 hour ago) and read 6011 times:

Great comments Paul, and appreciate your observations from the inside.
I know it's a long-shot but I too wish them well.
As much for selfish reasons as anything else...
I would like to think that I have not yet taken my last flight aboard a 747-251B
 



Pratt & Whitney, In thrust we trust!
25 spiritair97 : That is actually a very beautiful cabin. NEver knew that UN had such a nice product! Anyway, from what you described, I also wish him aand his airlin
26 bobnwa : I believe thaat Baltia just announced the opening of an operations center at Willow Creek Mi
27 KarlB737 : Willow Run Airport in Ypsilanti, Michigan
28 tb727 : Saw it sitting in OSC, I think it had 1 engine hanging on it. The livery does look pretty good though.
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