It seems that my post last week about the SEC case at Baltia touched a nerve. I received this feedback via email and, well, it is an incredibly interesting take on the future of the company. We know that it is now planning to scrap the 747-200 and seeking a 777 instead for its operations. But there may be another angle in play. Here’s a portion of the email I received, slightly redacted:
Dear Mr. Arameans,
…One reason why Barry has been so enthusiastically communicating to prospective investors about the merits of Baltia is due to the new business plan. Yes, it was somewhat eclipsed by the CEO’s untimely passing, but the reason for scrapping the “big bird” as Barry calls it, has to do with the new route structure as well as the bid to lease and deploy Avro Liner aircraft which is a perfect fit for the carrier. With Baltimore as the new “hub” of the carrier, and the trio of high yield, high frequency destinations: Trenton, Islip, and Albany, we all believe that Baltia — essentially “BAL” + “T” / “I” / “A” (Trenton, Islip, Albany) is going to be a fast success. We don’t need to waste more rubles doing proving runs from Willow Run, and can quickly get hourly service in place between BWI and these three important markets. What is more brilliant about the plan, though, is the opportunity for connecting traffic. A businessman in Albany could fly to Islip (one-stop via BWI,) to conduct important meetings, and then fly onward to Trenton (one-stop via BWI) in time for some rest and next-day meetings.
Having heard nothing about a possible domestic operation or about acquiring an Avro Liner (a/k/a BAe-146 or RJ100) I followed up with the company to see if there’s any truth to the claims. Apparently there is.
While no definitive action has been taken down this path it is something the company is considering, in conjunction with an investor who floated the idea, to get to a certification more quickly. And, while I’m not convinced the route network is a strong one, particularly with direct competition from Southwest on the Albany and Islip routes, I do believe the company is much more likely to get to a certification point sooner with the smaller aircraft and shorter, domestic routes rather than the long-haul, foreign route.
I also wonder what they would have done had the airline picked a different name. Could have made for some intriguing route selection challenges.
The decades-long saga rolls on…
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The best part is the ‘connecting traffic’ bit. No businessperson will fly ISP-BWI-TTN when they could fly nonstop ISP-PHL
Also, regarding BWI-TTN: Hourly service is not needed. One can take the train from Trenton to Baltimore in 90 minutes, usually operating hourly or less (a couple trains are ~90 minutes apart), from 4a-11p. Even assuming there was traffic for an hourly flight, there is no room at Trenton for an hourly flight as long as Frontier is there.
Honestly, their Russia plan was much more compelling and more likely to turn a profit than this one.
Similarly, no one is going to fly ALB-BWI-ISP, when you could take a train from ALB-NYP in under 2.5 hours
Makes less sense than the original ‘business plan’, if that is even possible.
I wish ISP would stop being taken advantage of by these fly by night airlines. It deserves so much better.
Are these people high, crazy, or just pulling your leg?
See Seth’s earlier post about the SEC investigation
Oh, I’ve read it.
Makes sense that they would now try to scam entire communities and airports out of money. They have tapped into individuals for years, now they need a demographic to hit. Anyone who believes a word that Baltia utters is a complete fool.
What is the source, or who is the source of the comments. Is it from the company or a source inside the FAA? Without the context, it is simply a blog without substance.
Baltia always has and always will be without substance.
The initial comments (quoted in the email) came from someone just far enough removed from the company in the introduction (redacted from the quote) that I questioned it. Confirmation came from a company employee who answered at the main number in the JFK office when I called.
Not sure the FAA would have any comment or knowledge of any of this as my understanding is no papers are signed regarding the Avro or efforts to operate it yet.
Sounds like something that would have been written by Baltia’s largest shareholder John D.
Now you have confirmed it there is no need to redact it. Who was it?
I think my favorite part is addressing you as “Mr. Arameans”
This is great news and proves that Baltia management have the funding, knowledge base and energy to get the airline flying within 36 months.
Please share whatever it is you’re on which leads to that conclusion with the rest of the kids.
No offense but some of us have done an exhaustive amount of DD. Please come to the Baltia page on Investor’s Hangout and participate in the discussion to learn more about Baltia. We are a very positive group and welcome new members. Also, feel free to call Tony or Barry at HQ. Both of them are dedicated to providing investors with information about Baltia to help them with their investment decisions. You may also wish to schedule a time to visit their office at JFK and meet the team. Do not hesitate to contact them.
Yes, that ‘sharing circle’ will improve your attitude about Baltia, or else, and Tony Crowdfunder will tell you anything you want to hear. Capiche?
Yes as long as you agree with everything that is said you will be fine. Publishing facts is discouraged if it runs counter to what those controlling the message there wish you to see. They are rude, arrogant and completely self-serving and keep the minions over there in line or face being removed from the room. One member is part of the inner circle, and for someone who has less than a stirling reputation in the financial world and who used to have a license but no longer does, I would not trust him as far as I could throw an aging 747 with no engines. In fact if I could throw it it might be the only feat of flight it has left in it. Investorshangout is a shill site.
‘Striving’ for another three years and how many more $ millions and billions of shares?
Next FINRA disciplinary case in the making?
What is 36 months in the grand scheme of things? It has been 27 years so far, that would make it an even 30 years. If they manage to get a plane off the ground with paying customers they could make it special – Baltia Airlines 30th anniversary first flight. Wouldn’t that be special. They could call one aircraft the Spirit of Igor, the other Clare de Loon. Of course Stahler likes it, he has in impeccable track record. Maybe he could take over as finance, oh, wait, he can’t. You have to have and keep your license to do that.
Ironic that the BAL/T/I/A RJ100 story is getting more coverage than Unsuitable Striving and FBI Brad’s 20,000 page investigatory report on FAA malfeasance. Oh, that’s right, it was all a fabrication, wasn’t it? Pity the whale. Lost to FAA then harpooned by CVC. Who will pay to restock the koi pond?
Boy, these guys keep picking the absolute worst aircraft, it almost seems intentional. Their museum piece 747 had four engines so not the Avro? No American carrier has operated those for at least a decade. And competing against Southwest and Amtrak, doomed to fail seems too generous.
Delusional. Simply delusional. I worked in YIP and we watched them fail evac test after evac test. One of which they tried to do with the a/c pressurized and a f/a ended up getting injured. I fully believe that they failed these tests on purpose (the injury was an accident) so that they never would get an operating certificate and could continue to get people to invest in the dumpster fire that is Baltia. By failing over and over they could preserve the illusion that they were trying to get the airline certified.
Baltia is a joke. Their penny stock is a scam. They will never fly a segment, and anyone who gives them money is a fool.
Baltia shills now being totally trolled:
“Posted On: 03/26/2016 4:21:00 PM
Posted By: just a learner
Re: Dischino #25895
I was referring mostly to comments on the other board by so called credible people who said things like “we will be in proving flights by June”. “I have trusted sources so I know” and “there is only one guy in DC who we are waiting for to sign off on the pass.” “He is on vacation.” “When he comes back we’re sure he will sign off.” “All the others in DC approved.” Come on. That was many months ago. It obviously was not true. Also, one guy even said that his trusted sources told him we had a pass. That one I knew was false because he sounded pathetic to me. That one was the one that woke me up and I got out before even waiting to see if he was telling the truth. I was strung along by the “trusted sources” line mostly. The people I trusted on the board turned out to be wrong. This was a good lesson in trusting message board posts no matter how credible the posters are made out to be. So many of the ones who were against Baltia were obviously not telling the truth to the point of ridiculousness. That made me think the positive posters must be the truthful ones. Obviously I should not have trusted either side. I don’t see any credible information from anywhere right now that makes me think this stock is going up any time soon. That includes statements from Baltia. I still think they may make it someday. Someday it may be a good play. Right now I’m in other things that look much better to me.”
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