Summary of Tony's plans for launching America's newest airline
From Tony's November press release
"My vision for this airline is to create a brand that will fill an important and much needed niche in international travel. This will require re-branding, re-structuring and the ability to forge new relationships with vendors and business partners. We will leverage existing technologies and enhance efficiencies to create a model that will provide profitability and multiple revenue streams upon implementation. Part of the aforementioned restructuring will include re-capitalization, streamlining of the balance sheet as well as becoming current with all required SEC filings. With regards to re-branding, a new name has been chosen that will better represent the ambitions and future of this company as a US airline.
This ambitious endeavor will also require diversification of our Board of Directors and management team. The recent addition of Conrad “Connie” Kalitta to our board is a prime example of our desire to attract qualified, proven, and successful individuals to guide us towards a path of success. We are honored and privileged to have an aviation icon like Connie on our team. Towards that end, I have begun the process of assembling an experienced team of aviation and business professionals to complement the powerful team that is already in place."
Additional nuggets from the February 3 press release:
"A thorough review of Baltia’s organizational structure was completed, which included utilization of risk assessment and mitigation processes...to begin the transition to a new organizational structure that brings us more in line with industry standards...and realign various departments to meet the necessary desired goal of having an efficient and successful organization.
"Mr. Koulouris has focused his efforts on streamlining the Company’s internal structure, meeting with employees to define roles and responsibilities and establish goals for 2017 and beyond. “The concerns of employees and shareholders have been incorporated into the new corporate vision and strategy and the executive management team remains committed to launching the Company’s next phase of operations."