Baltia's competition in St. Pete negatively affect

Baltia's competition in St. Pete negatively affects those with NY-> Moscow route greatly. It's believed that forms a pretty formidable opposition which has been the reason the previous backers slipped out, and thus why this is a self-funded company to begin with. That's my understanding, in short. Not that I know anything factual, just what I've read from those in-the-know on this board.