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Saturday, May 23, 2015 5:01:12 PM
Baltia Exclusive Rights To St. Petersburg Routes "Without Prejudice"
The question is often asked "If Baltia's Routes are so desirable how come other airlines do not fly them?"
Because they can NOT. The Routes are exclusive to Baltia and Baltia only.
Years ago, the DOT invited competition for the Routes. Baltia competed with other airlines, won and DOT assigned BLTA these Exclusive Rights. Later, due to no funds, DOT terminated BLTA route authority ("without prejudice") with the right to reapply when BLTA acquired funds.
From BLTA 10-K
The Company was organized in the State of New York, August 24, 1989. Its objective is to provide scheduled air transportation from the U.S. to Russia, and former Soviet Union countries. In 1991, the Department of Transportation (DOT) granted the Company routes to provide non-stop passenger, cargo and mail service from JFK Airport in New York to St. Petersburg and from JFK to Riga, with online service to Minsk, Kiev and Tbilisi, as well as back up service to Moscow. Due to a lack of sufficient working capital, the US Department of Transportation terminated the Company's route authority without prejudice to reapply when financing was in hand. Thereafter, Baltia has engaged in market research, operations development and planning, as well as activities to raise the requisite funding in order to reapply with the US Department of Transportation.
http://www.sec.gov/Archives/edgar/data/869187/000116519506000001/bltk05.txt
Legal Definition "Without Prejudice"
In law, the phrase "without prejudice" means that a claim, lawsuit, or proceeding has been brought to a temporary end but that no legal rights or privileges have been waived, or lost by the result.
http://legal-dictionary.thefreedictionary.com/without+prejudice
BLTA
The question is often asked "If Baltia's Routes are so desirable how come other airlines do not fly them?"
Because they can NOT. The Routes are exclusive to Baltia and Baltia only.
Years ago, the DOT invited competition for the Routes. Baltia competed with other airlines, won and DOT assigned BLTA these Exclusive Rights. Later, due to no funds, DOT terminated BLTA route authority ("without prejudice") with the right to reapply when BLTA acquired funds.
From BLTA 10-K
The Company was organized in the State of New York, August 24, 1989. Its objective is to provide scheduled air transportation from the U.S. to Russia, and former Soviet Union countries. In 1991, the Department of Transportation (DOT) granted the Company routes to provide non-stop passenger, cargo and mail service from JFK Airport in New York to St. Petersburg and from JFK to Riga, with online service to Minsk, Kiev and Tbilisi, as well as back up service to Moscow. Due to a lack of sufficient working capital, the US Department of Transportation terminated the Company's route authority without prejudice to reapply when financing was in hand. Thereafter, Baltia has engaged in market research, operations development and planning, as well as activities to raise the requisite funding in order to reapply with the US Department of Transportation.
http://www.sec.gov/Archives/edgar/data/869187/000116519506000001/bltk05.txt
Legal Definition "Without Prejudice"
In law, the phrase "without prejudice" means that a claim, lawsuit, or proceeding has been brought to a temporary end but that no legal rights or privileges have been waived, or lost by the result.
http://legal-dictionary.thefreedictionary.com/without+prejudice
BLTA
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