Using a translator... Baltia Airlines has exist
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Posted On: 05/13/2017 5:14:29 PM
Re: RollWithIt #34850
Using a translator...
Baltia Airlines has existed since 1989, but has still not managed to start operations. A new name and a new location will bring the turnaround.
05.13.17. - 14:58 | Timo Nowack 4 comments
Baltia Airlines
Now sorted out: Baltias Boeing 747-200.
When Igor Dmitrowsky founded Baltia Airlines in 1989, he wanted to build the leading American airline for flights between the US and Eastern Europe. But even if Baltia even had two Boeing 747-200s, the airline never started. The American supervisory authority was not allowed to operate.
Founder Dmitrowsky died in January 2016. Meanwhile, Anthony Koulouris is managing director and president Baltia - and has now announced to rename the airline. At an event, he told shareholders and journalists on May 11 that Baltia would be US Global Airways, subject to the approval of shareholders.
London, Paris, Barcelona
The airline will no longer be home to New York's JFK Airport and the Willow Run Airport in Ypsilanti, but Stewart International Airport, just 90 kilometers north of New York City. According to the Mid-Hudson news, the airline has already rented Büroraume there and plans to place aircraft in a former General Electric hangar, in which it now also welcomed the shareholders.
The airline announced in a press release: "US Global Airways plans to lease a fleet of B767-300s, which transports passengers, freight and mail between Stewart International Airport and possible destinations such as London, Paris, Barcelona "According to the newspaper Times Herald-Record, the airline wants to start with a Boeing 767 and expand the fleet with further engines of this model, until it is in the Financial position is to upgrade to 777.
Now is still missing money ...
Already in December 2016, Baltia had signed a preliminary agreement with Kalitta Air to lease a Boeing 767-300ER. On May 9, 2017, the financial website Market Exclusive reported that there was now no longer a preliminary contract between the two airlines, but a lease agreement for 24 months. However, Market Exclusive writes of a Boeing 767-400ER, which is to receive the future US Global Airways by 30 July at the latest.
In the meantime, the shareholders will not only agree to the change in name, but also a combination of shares which reduces the number of shares issued and thus increases the exchange rate. The measures are designed to get the airline "to collect sufficient capital to invest in technology, aircraft and people, making US Global Airways a major player on the international stage
Be a place of travel and tourism, "the communication said. The Times Herald-Record writes that the airline alone has to receive $ 50 million to start operations.
... and an authorization
At the event, the airline boss Koulouris also called a "party", the approximately 200 shareholders responded with applause and compliments on the plans presented, the newspaper reports. According to the report, the shareholder votes will be counted at the earliest in two weeks.
Baltia is still awaiting the approval of the American Federal Aviation Authority (FAA). According to the specialist portal ch-aviation, the airline has restarted the certification process at the beginning of 2017 with FAA's approval. Koulouris now said that they were hoping to obtain the permit "in the not too distant future."
Also Norwegian starts
Should Baltia or US Global Airways actually be able to start operations this time, it would not be the only airline to move from Europe to Europe again. From June, low-cost Norwegian will fly to Scotland and from July to Ireland And Norway.
Baltia Airlines has existed since 1989, but has still not managed to start operations. A new name and a new location will bring the turnaround.
05.13.17. - 14:58 | Timo Nowack 4 comments
Baltia Airlines
Now sorted out: Baltias Boeing 747-200.
When Igor Dmitrowsky founded Baltia Airlines in 1989, he wanted to build the leading American airline for flights between the US and Eastern Europe. But even if Baltia even had two Boeing 747-200s, the airline never started. The American supervisory authority was not allowed to operate.
Founder Dmitrowsky died in January 2016. Meanwhile, Anthony Koulouris is managing director and president Baltia - and has now announced to rename the airline. At an event, he told shareholders and journalists on May 11 that Baltia would be US Global Airways, subject to the approval of shareholders.
London, Paris, Barcelona
The airline will no longer be home to New York's JFK Airport and the Willow Run Airport in Ypsilanti, but Stewart International Airport, just 90 kilometers north of New York City. According to the Mid-Hudson news, the airline has already rented Büroraume there and plans to place aircraft in a former General Electric hangar, in which it now also welcomed the shareholders.
The airline announced in a press release: "US Global Airways plans to lease a fleet of B767-300s, which transports passengers, freight and mail between Stewart International Airport and possible destinations such as London, Paris, Barcelona "According to the newspaper Times Herald-Record, the airline wants to start with a Boeing 767 and expand the fleet with further engines of this model, until it is in the Financial position is to upgrade to 777.
Now is still missing money ...
Already in December 2016, Baltia had signed a preliminary agreement with Kalitta Air to lease a Boeing 767-300ER. On May 9, 2017, the financial website Market Exclusive reported that there was now no longer a preliminary contract between the two airlines, but a lease agreement for 24 months. However, Market Exclusive writes of a Boeing 767-400ER, which is to receive the future US Global Airways by 30 July at the latest.
In the meantime, the shareholders will not only agree to the change in name, but also a combination of shares which reduces the number of shares issued and thus increases the exchange rate. The measures are designed to get the airline "to collect sufficient capital to invest in technology, aircraft and people, making US Global Airways a major player on the international stage
Be a place of travel and tourism, "the communication said. The Times Herald-Record writes that the airline alone has to receive $ 50 million to start operations.
... and an authorization
At the event, the airline boss Koulouris also called a "party", the approximately 200 shareholders responded with applause and compliments on the plans presented, the newspaper reports. According to the report, the shareholder votes will be counted at the earliest in two weeks.
Baltia is still awaiting the approval of the American Federal Aviation Authority (FAA). According to the specialist portal ch-aviation, the airline has restarted the certification process at the beginning of 2017 with FAA's approval. Koulouris now said that they were hoping to obtain the permit "in the not too distant future."
Also Norwegian starts
Should Baltia or US Global Airways actually be able to start operations this time, it would not be the only airline to move from Europe to Europe again. From June, low-cost Norwegian will fly to Scotland and from July to Ireland And Norway.
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(0)Baltia Air Lines Inc (BLTA) Stock Research Links
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