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Power hour, before the holiday. Go Baltia, go!
Stop! You are making me so hungry. I know the food served on Baltia flights will be wonderful. If Baltia stock hits $1.00 some day, I will fly round trip, just for the food.
Maybe there will be a flight for all of the loyal stockholders. Who will be millionaires.
Thank you for sharing those pictures of the meals, they look great. I hope to sample them someday, would love to fly to St. Petersburg.
Thanks for that update. I believe it takes 10 stewards to crew the 747-200 and training is probably a month long so Baltia getting ready for summer flying.
Thank you for reminding us of the captives! And I bet they all fly first class too.
Slapping the ask dance. :)
Loved reading that again, thanks.
The evac cannot be scheduled on Tuesday because Monday is a holiday. FAA does not travel on a holiday. That does however leave Wednesday or Thursday. If it is in fact next week. And we are all hoping that is true. Difficult to schedule the masses the week of a holiday.
Company selling shares to raise money to pay the bills. Until they are allowed by the FAA to fly and raise revenue. That is the way it is done by public companies, that do not want to take on debt.
I did not say top secret. There is always news floating around. There are a couple hundred people involved with Baltia, including FAA. For this process. For this vicinity. Do you really think 200 people can keep quiet indefinitely?
Do you really think the BUYERS of this stock are buying on no information?
Do you really think a company this close to certification would abandon it?
Many of us have information but because of the negative atmosphere recently, we are choosing not to share. Many of us understand the challenges of Part 121 certification and know that this meaningless selling of less than 2% of outstanding shares means nothing.
Baltia is not obligated in any way to tell stockholders everything. You all know the verbiage, only material changes need to be reported.
Starting proving runs will be material.. And will be announced in a PR.
What I am seeing is a lot of consolidating and buying at an exceptional share price. I am listening, but hearing no crying. This small amount of trading on no information of any kind only scares the weak minded.
Whales are not selling. Baltia whales are also not talking. There is nothing to talk about right now.
I agree that there might be some flipping, selling at .007 and then buying more shares for the same money at .006, that happens every time there is a swing in the stock price. And that is causing some of that fear selling that has been discussed.
But until you see all selling and no buying, there is no reason to be scared. Until you see 50 million for sale and nobody buying, there is nothing to be afraid of. If you have the money and the guts to flip, then enjoy it. Otherwise look away until the end of next week. Enjoy your holiday and don't worry about it.
It is the weekend and I don't feel the need to dig into the manuals. But I can tell you the wording of the regulation says the FAA encourages the transport of cargo during proving flights, so as to make the proving flights more representative of real flights.
Sorry, paraphrasing, but that is the jist of it.
My airline stocks have been going great. I expect Baltia will too.
I think you know, because you have been around for a long time, that language like that is inserted into all financial statements, so as not to imply a guarantee. We need to get through the evac process, through ditching and onto proving runs. With proving runs comes revenue. With proving comes ticket sales. Everything is in place, ready to go.
I can only speak for myself. No information was leaked from the company. As far as I know, the company has only said whether an evac was scheduled or not, when asked directly. Some of us on these boards know somebody, that knows somebody.... People gossip sometimes and a little info gets out here, a little there... And then if we chose, we might share it. It is not insider information, it is gossip. But true.....
What can be seen or heard in public might be shared, that is all. At dinner, at a local bar, at a local hotel. There are over 50 people involved with each evac demonstration, conversation can take place.
You are probably correct. Nobody has said that something was done wrong or not done at all. Just that the evac was not 100% complete. FAA is judge and jury.
There is no reason for the company to PR the evac attempts. You do them u till they are done and the FAA says they are done. Evacs are demonstrations, it is not a pass/fail. We have no idea how many attempts other airlines have had, because they are private. We hear rumors about some airline taking 9 attempts, we hear the average is 6. It is a secret and if you have the time, please go research the number of attempts, we would all love to know!
The question is, why did the girt bar let loose? Was it not latched securely, or when the door opened, did the latch break? When the stewards close the doors, they slam the girt bar into place. Then in an emergency, the door is thrown open, the girt bar causes the slide to deploy. I don't know how but it does, I am not a steward. The bars were all inspected, properly latched, yet one let go after the evac was complete.
Parts break, or malfunction for some reason. It is nobodies fault, it happens.
So they tell me, I don't know.
But the evac has to be done again. It reminds me of my chaise lounge. One day the hinge just broke. I don't know why, I am not an engineer. But I had to buy a new one.
I believe the girt story, I just don't have the exact details to share. But it does not matter, if the FAA says do it again, you are going to do it again.
Excellent information, thank you. Wish I had something to add, but not my area of expertise.
I appreciate your expertise. Yes, the manuals are still paper, although files of them of course exist.
The information about the girt bar is sketchy, as you can imagine. But we are led to believe it broke, after the fact. Broke, came loose, can unlatched, don't know.
I have always heard that the trouble with the airline business is that they take on too much debt and they have to compete with too low of prices. Even cargo airlines go out of business, I suppose for the same reasons.
That and let's be honest, the regulation requirements are so expensive and so time consuming, who would even want to be in this business?
I admire Baltia for trying and for sticking with it. And I hope they make a lot of money and I hope I make a lot of money, from their stock.
I really wish I knew enough to calculate the revenue, but I can't. I don't know how many flights per year or how many passengers per year or how much mail or how much cargo.
So I will trust the business plan and go with the $100 million revenue per year, per plane.
I admit that The certification process is terrible, with the revisions of the manuals and the aircraft compliance statement. And the table tops and the crew training. But the evac has been especially terrible. I hope everyone remembers the slides, and the slide vendors and the FAA missteps. If you think this has been easy or fun or just wasting time, then you know nothing of the airline industry and you have never worked with the FAA. They are responsible for making sure all regulations are followed and every one of the hundreds of tasks are completed, to their satisfaction.
This process is always completed in private, never before in the public eye. And I bet never again.
I believe the fly America act is quite clear, regarding travel and cargo funded by the U.S. Government. As to the other passengers, check the cost of flying on Delta, first class. It is over $10,000 round trip first class.
Who knew?
I have done the math, although I am not a load master or travel agent so I don't know the exact weights and numbers of passengers and cargo and mail that might be carried. I also do not know the cost of jet fuel or how much fuel it would take to fly to Russia and back.
I have figured that the cost projected last year is now one quarter less, because the cost of fuel has fallen that much.
That is the best I can do. If you have better numbers, I would love to see them.
Russia is not included in the list of countries. Baltia will carry all government travelers and cargo to st. Pete, that is now carried by other airlines, that are not non-stop. That cuts off a half day.
Well that is more current, yes. But his research ended last summer and does not include all of the progress since then. Baltia is now at the end of Phase lll and will begin proving flights as soon as the FAA approves the evac process and ditching.
This process has never been attempted in the light of day before, always in secret. Always by a private company. Baltia chose to do it their way and if you don't like to watch, turn away.
Good, keep looking, we appreciate your research.
However the agreements currently in place are with the EU, Australia, Switzerland and Japan. Russia is not listed and that is where Baltia will be flying to and from.
Usually, articles from 2009 are not considered relevant. Try again, and read the articles before sharing them. We appreciate your research though, keep trying!
Baltia does not plan to sell cheap seats. They do not have to. Another fact that a person would know if they did their DD is that the Fly America Act requires federal travelers to use US air carrier service for all air travel and cargo transportation services funded by the U.S. Government. Government travelers do not fly cheap.
My facts are well known to be true. You are talking about cheap airlines, I am talking about quality airlines. If you were looking to learn something about this company, you could easily run the numbers yourself. You might be confusing airlines with lots of debt. Baltia does not have lots of debt. You might be thinking of airlines that sell cheap tickets, Baltia does not plan to sell cheap tickets.
I don't know what happens, but I would like to know more. Please explain.
Barry Clare has projected $100 million in revenue at 64% load. That was before the cost of fuel fell. Revenue includes passenger tickets, overnight delivery of mail and packages and cargo.
Those of us who have done our DD have read the FAA documents and other public documents describing the requirements for starting and then certifying an airline. Those of us who have done our DD have read Baltias business plan and we know what the forecasted revenues are.
This information has been available for a very long time. It has been discussed many times, by knowledgable airline industry people, on this board.
Providing sources is not a requirement for posting on this board.
It is a well known fact that starting an airline is going to require over $100 million dollars. It is also a well known fact the the expected revenue for the first full year of operation with one plane and one route is over $100 million dollars.
If the question is, which is better, private financing or financing with stock, then my vote is for financing by selling shares of stock in the company.
I don't know why some investors sell so low. All I know is how happy I am to buy some at that price.
Baltia did not say not to share the information, they said not to rely on it.