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jojo, noone has been more critical of the venture than I; and the last thing I will do is to profess to have all (or any really the answers, but:
I do think there is a market and money to be made.
I think that Baltia can and will be profitable on the JFK to St Petersburg route.
I also firmly believe that the service can me achieved but that people will not pay the prices Igor is thinks of. I applaude his vision and what he wants to do, but I think you can get the service he wants to give without all the expenses of fine linens, china, etc. While eye appeal is nice and important, a kind smile, extra legroom, and enough attendants to give constant attention will move an airline further than glitz and polish.
I am in for a bunch of shares, I am VERY upside down in my buy in price vs current share price.
I do not think the stock will ever break .25 at the most, and would be very happy to break even, but a risk is a risk.
If the money you have in stock is needed, then you need to bail because this has become very risky.
I think there is still money to be made, but I also think that the bubble is full and will either float or bust in the very near future.
To me, the most doubt I got from the company is when they refuse to borrow from their line of credit (which is guaranteed by the upper management). The line from the company was "trying to keep debt down", I saw it as they were afraid to risk their nest eggs and therefore the venture was not all that serious.
A lot going on. I am in sink or swim (have to be, to sell now is like doing nothing).
GL to us all.
Yes..I meant to say that that info should help our cause. It should be a positive thing.
Were you able to scrounge up that info on getting the Government and University people yet NATRAC?? I cannot believe that that info would help our cause. If you do not have it handy, just give me the source and I will look it up. Thanks again.
Now THAT was funny, very on point, but funny just the same. And don't call me Shirley.
Hey NATRAC wwere you able to find the source on the Government and student preferences you were speaking of?? This would be a good piece of info for those of us out here to read and have.
Thankss
Flyer, these type releases are made every 4 to 6 months by Baltia, unfortunately they have yet to come true..we hope that one day it will be a factual statement.
Pipa, I do not know about the second plane's use. I personaly think that if Igor would open his eyes, the smart thing to do (again depending on condition and airworthiness of the 2nd aircraft) would be to put it in the air and try to generate some revenue. This would rebuild the investor faith and possibly generate some new stock sales. This money could then in turn, be invested in piece of metal in Malaysia to complete the aircraft in the concept and luxury he is wanting.
I am truly afraid that he has ran his course and missed the true window of opportunity. There are now nonstops flying at about 1/2 the price that Barry and Igor originally said the seat price would be, and regardless of the class and service, MOST people are going to opt for the lower price, unless it is very close.
Time will tell. This is an opportunity that I would not recommend to my friends and it is a shame. Several years ago when my husband bought into this on private shares, he was excited and believed in the possibility. Now it seem that many naysayers here were right and it has been a long time scheme to support Igor and his group in a nice lifestyle. I still hope that that is not the case, but unfortunately, there is not much real evidence to support otherwise.
Flyer, these type releases are made every 4 to 6 months by Baltia, unfortunately they have yet to come true..we hope that one day it will be a factual statement.
Pipa, I do not know about the second plane's use. I personaly think that if Igor would open his eyes, the smart thing to do (again depending on condition and airworthiness of the 2nd aircraft) would be to put it in the air and try to generate some revenue. This would rebuild the investor faith and possibly generate some new stock sales. This money could then in turn, be invested in piece of metal in Malaysia to complete the aircraft in the concept and luxury he is wanting.
I am truly afraid that he has ran his course and missed the true window of opportunity. There are now nonstops flying at about 1/2 the price that Barry and Igor originally said the seat price would be, and regardless of the class and service, MOST people are going to opt for the lower price, unless it is very close.
Time will tell. This is an opportunity that I would not recommend to my friends and it is a shame. Several years ago when my husband bought into this on private shares, he was excited and believed in the possibility. Now it seem that many naysayers here were right and it has been a long time scheme to support Igor and his group in a nice lifestyle. I still hope that that is not the case, but unfortunately, there is not much real evidence to support otherwise.
I am sure the aircraft was not damaaged or the FAA would have not given a provisional permit to fly to Malaysia. That being said, it does not mean there were not some concerns, or "hidden damage / corrosion. One of the reasons that a provisional permit can be given is to move an aircraft to a facility to receive repairs; the aircraft still has to be safe though. Also, no matter what the amount of money being paid, a crew would not risk flying an unsafe aircraft. I can see where it would be economical to buy an aircraft for parts, that is very common. Think of it as a junkyard, just because a car is not safe to drive does not mean there are not many parts that are perfectly fine. I would much rather buy a CD player out of a junk car for 20 bucks instead of 200 at a best buy. Also, the parts would have to be certified before they can go on Baltia's aircraft and this opens up a host of FAA involvements before certification so the safety issue would not be a problem, only the human involvement. If Baltia did not send the parts to be recertified, if there is no approved program to accept other vendor's serviceable parts etc. These areas will be reviewed EXTINSIVELY by the FAA before releasing the aircraft for service. These are the types of thing the FAA does and how those jobes are justified.
Just checked and AEROFLOT is doing non-stop Moscow-JFK.
I entered the dates 1-30-11 to 2-19-11 from SVO-JFK and they have non-stop coach seats for 385.00 usd
Pipa,
Unfortunately in my years at the FAA, and in aircraft maintenance before that, I can tell that unfortunately the work performed is only as good as the integrity of the person(s) doing that work.
We at the FAA were (and they still are) way to understaffed to follow people around, watching them. We rely on spot inspections and audits of paperwork to make judgement if a carrier is doing proper maintenance. Unfortunately it is AFTER an incident that we would get involved in delving deep into a company.
Repair stations are chosen based on price by the carriers, these repair stations often operate in a manner far below the FAA standard because it is common practice for the airline to have their own representative on site and that individual will "okay" what is performed. So again, it is all based on integrity; if a carrier says "get it out as cheap as possible or else" then the individual is forced to make a decision. It would be wonderful that if at that point the person would call the FAA and make an annon. report that substandard maintenace is going on.
Bottom line, unless there is an incident, or unless there is a reason to believe otherwise, then if the paperwork is filled out correctly, then then, in the FAA's eyes, the maintenance must be good.
Do some research, unfortunately our aircraft is not in the best facility out there. It is in one of the cheapest, which is good for the bottom line, but not necessarily for the long haul.
That article said nothing. Everything Igor said is just the process that they have been trying to accomplish the past 20 years. Why on earth would he even make that release? He is a very intelligent individual and usually is very good in releases, but this time he was just "Mr Obvious". If anything, it will be viewed as negative.
Natrack, I have also heard that we would capture the Gov't business, I do not know where to find that info. Can you tell me the source of that info, IE: publication etc? I think that I would be very interested in just what (or how much) market we would be entitled to over the other carriers and how it is worded.
Thank you.
HAPPY NEW YEAR to all who have been posting and maybe This will be the year for Baltia to fly. There are a lot of folks that believe that since Igor has been trying to put this together for some 20 years he is not serious and is just making a living off the investors monies.I personally do not believe this, but if there is any doubt, and you still wannt to invest, just do so through you brokers or e-accounts and not the "private sells". This way the stock stays up, but you won't be uttting any money into Igor's pocket. Again, I do not believe this is the case, but if you doubt it you can still invest in the company without losing any sleep. I must caution you though, it is still very risky and I have been an investor for going on 4 years without seeing any profits. In fact I am still quite a bt below my buy in price. Most investors are looking for a quick turn on their money. When this finally happens there will very likely be a 20 - 25 cent/ share payoff, but it is going to be verrrry long in coming.
Gl and Best of new years wishes.
We drug our feet too long I guess. They also have really good prices. Cheapest economy approx $580.00 round trip and Imperial class approx 1600.00 round trip.
And yes...they do take investors.
Information and services \ Classes of service \ Imperial
Imperial
New level of service quality
For those who can appreciate sufistication
Transaero Business lounge
Seats unique for its ergonomics and comfort level seats
Exquisite European dishes
Top-quality printed publications
On-board cinema
Transaero Airlines is glad to welcome you in first class cabin Imperial!
Our Imperial Class is a brand-new standard of passenger service, combining the Russian imperial families’ finest traditions of hospitality with state-of-the-art technology and the highest service standards in global commercial aviation.
Transaero’s Imperial Class is created for those who can appreciate elegance and luxury, and value the exclusive nature of the services they receive.
Imperial is being introduced on Boeing 777 and Boeing 747-400 new-generation airliners being added to the Transaero fleet.
At Domodedovo International Airport, are served in the VIP lounge for officials and delegations. Also Imperial Class passengers may be served in Transaero own Business Lounge as well.
If desired Imperial class passenger can take advantage of service of a free taxi (E class Mercedes) in Moscow. Imperial passengers are welcomed to the airport by a Transaero representative who guides and assists them at every stage of passing through airport formalities.
Every Imperial Class passenger has access to an around-the-clock communications line to the Transaero Information Center +7 (495) 788 80 80 (ext. "1").
On board, Imperial Class passengers are served by personal VIP service managers.
In the spacious Imperial cabin, passengers will find themselves in an unparalleled surrounding created especially for this project. The gold-embroidered seats recline 180 degrees, turning into comfortable beds.
The menu was created by the best culinary experts using unique recipes from nineteenth-century Russian imperial cuisine and exquisite European dishes. The extensive selection of drinks will satisfy the most demanding of tastes.
The unique tableware offered to Imperial passengers is worth separate mention. This tableware was custom-made by Transaero’s partners in the project, the renowned Imperial Porcelain Manufactory and the Gus-Khrustalny Crystal Factory, using special designs and high technology. The two factories became purveyors to the Russian Imperial Court as early as in the mid-18th century.
At any moment at your service the wide assortment of the appetizers which have been specially selected by the best Transaero cooks, and also a wine card with the best sorts of wines and other alcoholic drinks.
On-board cinema.
To fill in time during your flight, we are pleased to offer you a unique opportunity to view the individual innovations of world cinema on a portable media player.
This multifunctional gadget allows watching movies, enjoying popular videogames, learning foreign languages, listening to music of different styles and genres.
Portable media player is available for free in Imperial.
We offer you a wide choice of media as business and entertainment, including the highest-quality printed publications.
Trip kits will help passengers of Imperial rest comfortably during the flight.
On board, Imperial Class passengers are served by personal VIP service managers. These are top Transaero employees, who even have their own unique uniform created by fashion designers specifically for the Imperial Class. Extraordinary cordiality, attentiveness, and flawless manners are their work style.
Company \ Fleet
Our Fleet
The strategy of acquisition Transaero fleet is based on three main principles: Safety, Comfort and continuous Optimization of business processes.
Transaero Airlines has the largest fleet of wide-bodied long-haul aircraft in Russia, CIS, Eastern and Central Europe and is the only operator of passenger aircraft Boeing 777 and Boeing 747 in this region.
Airline's fleet consists of 57 modern aircraft, which interiors are carefully designed by specialists in interior - High quality finishing materials, work of safety belts, folding tables and shelves for luggage, aircraft security systems equipment - all designed for comfort and safety of our passengers.
Excellent armchairs in Imperial cabin, comfortable seats in Business and Premium Economy Class, high-quality elastic chair in Tourist cabin, pleasant to look at and to touch plastic trim, efficient air conditioning system in all cabins, available for the perception information boards and excellent, cozy lighting.
The crew of our aircraft - is primarily professionals. Great experience, higher education and knowledge of foreign languages - this is only a minimum list of requirements for the pilot of Transaero Airlines. All Transaero pilots, are thoroughly theoretically and practically trained in Transaero Airlines own "Training center" and Boeing training centers.
Another bit. I did not want to put this out because of what it is going to do to our stocks, but now that someone has asked, I would be a hypocrite if I did not.
They are also considering adding St Petersburg direct this year if volume allows.
Transaero Airlines 11 Month Results for 2010
| 29.11.2010
Transaero operational results for the first 11 months of 2010 indicate continued stable development and growth.
For the period from January to November 2010:
Revenue passenger-kilometers totaled more than 23.98 bln RPK that is 40.5 % more than for the same period last year.
Passenger volume totaled 6.16 million passengers, 32.5% more than for the first 11 months of 2009).
Transaero carried more than 36,095.69 tons of cargo, 38.2% more than for the same period in 2009.
Revenue ton-kilometers totaled 236.47 RTK, 40.4% more than for the first 11 months of 2009.
From January to November 2010 Transaero’s passenger volume grew 27.4% on domestic routes and 33, 9% on international routes.
Transaero also observed growth in the number of passengers using Transaero’s premium classes of service. Number of passengers flying Imperial class grew 74.4% over 2009 volumes in the first 11 months of 2010.
With the expansion of Transaero’s domestic and international route network, the volume of Transaero’s transit passengers has increased 31% in the first 11 months of 2010.
In 2010 Transaero added 12 new aircraft to its fleet: 5 Boeing 777s, 3 Boeing 747s, 1 Boeing 767 and 3 Boeing-737s. Among Transaero’s new Boeing aircraft there is a uniquely configured Boeing 747-400 able to carry up to 521 passengers, representing the most spacious passenger aircraft of its type in Russian civil aviation.
Transaero has launched more than 20 new regular flights in 2010, including international flights of strategic importance: Moscow- Beijing, Moscow-New York and Moscow-Miami. The domestic route network has been expanded significantly. Transaero now flies to Vladivostok, Petropavlovsk-Kamchatski, Khabarovsk, Yuzhno-Sakhalinsk, Yekaterinburg, Omsk, Samara and Ufa from Saint-Petersburg. Transaero has launched flights from Moscow to Yakutsk and Rostov-on-Don. Transaero has also launched the flights to Kazakhstan, Ukraine, and Latvia.
The carrier has also advanced its positions on tourist routes, now offering direct flights to Thailand from 10 Russian cities and more frequent flights to other popular leisure destinations.
To date Transaero has already broken its own record, surpassing overall operational results for all of 2009 in the first 11 months of 2011. This year, the number of winter season routes exceeds 100 for the first time. Never before in its history, Transaero carried more than 6 million passenger a year.
Here is the NEW YORK announcement that came out awhile back:
JFK TERMINAL 4 WELCOMES TRANSAERO AIRLINES FOR ITS U.S. DEBUT
Russia’s Second Largest Airline Expands Service to US, Now Offering Travelers Direct Flights from Moscow to NYC
| 09.11.2010
Transaero Airlines, the second largest air carrier in Russia, has made its U.S. debut now offering direct, non-stop flights three times per week between Moscow and New York City’s John F. Kennedy International Airport Terminal 4.
Transaero began service from JFK Terminal 4 on October 29, with flights three times per week to Moscow’s Domodedovo International Airport on a Boeing 747-400 aircraft equipped with approximately 352 seats divided into three travel classes: Business, Premium Economy and Tourist Economy. The flights operate each Sunday and Friday arriving JFK at 7:30pm and departing for Moscow at 9:30pm. On Wednesdays, the flight arrives from Moscow at 12:15pm and departs JFK at 2:00pm.
“This is a historic milestone for Transaero and we are glad that they chose Terminal 4 to mark their entry to the New York market," said Janice Holden, chief commercial officer of JFKIAT, LLC, which operates Terminal 4. "Transaero is a thriving, privately-owned airline that for nearly 20 years has enjoyed measurable success and a rapidly expanding route network. We look forward to a productive and enduring partnership."
Alexander Pleshakov, Chief Executive Officer Transaero Airlines added, "We are delighted to inaugurate our service to JFK International Airport as New York is a natural step in the progression of Transaero’s expansion plans. New York City is a premier global destination gateway and Terminal 4 is an ideal choice for our customers. We expect consumer demand to be sufficiently favorable so as to enable us to increase service from three times weekly."
Maybe you will be the lucky catalyst we need to get this thing to happen. Those of us sitting here for years are at our wits end. I hope Igor has finally realized that he will get a lot furthur telling us the truth than the half truths and ineuendo. We all know there were risks, but for the first 2 years all that blowhard, I mean Barry, would say was "just a few more weeks/months". He kept saying the FAA said this or that, and I was talking with the guys at the FSDO who were just shaking their heads.
It is better now because of a lot of investors finally just started calling Igor and asking direct questions, and then, when some of the people here posting could provide verifiable info, it moved the cause further.
Igor is doing, IMHO, a better job of giving more accurate info and this caused the unrest and distrust to settle down. I will keep my eyes and ears open to any other info that comes along. I am hoping to Skype a friend of mine tonight in Malaysia to get any info from that end I can. It is hit or miss with the time difference and my catching him at his apt.
??? Is that post meant to be to me? If I hurt your feelings with my comment about dating, I apologize, but I just do not think that here is the place for that.
Hey lightnin. I am and always have been optimistic about the possibilities of this venture, what I write negatively about is when the company was continually pumping out Bull and saying...3 more months...coming shortly...BUY BUY BUY.
I have no problem with trying to sell stock..in fact, only by selling more stock will my existing share value rise, but I do not want to sell shares on inuendo and doublespeak. Just give the facts and let the buyers purchase based on that.
I did say that I had a better attitude after the info from the last meeting in which it was said by Igor that there were problems and gave some good info.
I did not necessarily come away from the FAA with positive feelings, nor were they too negative. It was just as I said, they told me the manuals still have a ways to go. My May predictions was if the manuals get submitted and corrected in the next 3-4 months, which is very possible to accomplish in that time frame if Baltia will meet the guidlines for the SAI's.
I also think that NATRAC should realize that this is not a dating site. If he is trying to make contact with a lost love then do it on Facebook. I wish him and Tim all the best and maybe they can walk had in hand into the sunset, but here is not the place to rekindle his love.
I hope that we can get more current info and that things do fall into place soon. I will not have the access I usually have when I am in the City, but even from here I still stay in touch.
I see where you are having a big cold event there, I wish you the best and if it makes you feel any better, it is down to about 60 here today. Not bad for me, but the locals are freezing.
Hello All,
Sorry to be off the mark so long but now back in Miami for the winter and I have some news. Some gathered beforre I left and some since.
As you all know, before I retired and lost my husband, I worked for the FAA there in New York and I still have a few acquaintenances there and a couple of good sources within Baltia itself.
First on the aircraft from Kalitta, I checked around and Kalitta bought several of passenger aircraft that were either retired or being retired by a former airline. The original intent was to use the aircraft for spare parts as it is HUGELY less costly to buy an whole aircraft than just the parts on an as needed basis (same concept as an auto junk yard. These aircraft still have some time left on them before they HAVE to be retired and Baltia was able to strike a deal to purchase one of them. Although I am sure Kalitta made a great profit, Baltia probably got a flyable aircraft for good price. (Something many on this site with aviation backgrounds have een saying they should have done in the begining instead of buying the original one and putting millions into it)
I am told by both individuals there at Baltia and some sources in Malaysia that Baltia has halted work on the aircraft there. I am assuming they are going to put what available resources they have towards the operational aircraft. It will not be elegant, just operational and hopefully generate revenue when it does get flying. They Baltia will either eat the loss of the original aircraft or use the revenue to finish it and release it as the plush aircraft they originally advertised.
Lastly, The FSDO there in New York are saying that certification is "still a ways away". Aparently the manuals are not quite up to where they need to be for certification and they still are not real comfortable with the whole structure of the Staffing. While individuals there are very knowledgeable and experienced, there is still a little of uneasiness with Igor himself and his controlling involvement with the certification process. They feel Baltia would be better served if the Manual writing folks were doing the interfacing with the FAA instead of Igor.
Hope this helps. Based on what i am being told, maybe May would be a good target date. Of course that is if finances hold up.
Hello All,
Sorry to be off the mark so long but now back in Miami for the winter and I have some news. Some gathered beforre I left and some since.
As you all know, before I retired and lost my husband, I worked for the FAA there in New York and I still have a few acquaintenances there and a couple of good sources within Baltia itself.
First on the aircraft from Kalitta, I checked around and Kalitta bought several of passenger aircraft that were either retired or being retired by a former airline. The original intent was to use the aircraft for spare parts as it is HUGELY less costly to buy an whole aircraft than just the parts on an as needed basis (same concept as an auto junk yard. These aircraft still have some time left on them before they HAVE to be retired and Baltia was able to strike a deal to purchase one of them. Although I am sure Kalitta made a great profit, Baltia probably got a flyable aircraft for good price. (Something many on this site with aviation backgrounds have een saying they should have done in the begining instead of buying the original one and putting millions into it)
I am told by both individuals there at Baltia and some sources in Malaysia that Baltia has halted work on the aircraft there. I am assuming they are going to put what available resources they have towards the operational aircraft. It will not be elegant, just operational and hopefully generate revenue when it does get flying. They Baltia will either eat the loss of the original aircraft or use the revenue to finish it and release it as the plush aircraft they originally advertised.
Lastly, The FSDO there in New York are saying that certification is "still a ways away". Aparently the manuals are not quite up to where they need to be for certification and they still are not real comfortable with the whole structure of the Staffing. While individuals there are very knowledgeable and experienced, there is still a little of uneasiness with Igor himself and his controlling involvement with the certification process. They feel Baltia would be better served if the Manual writing folks were doing the interfacing with the FAA instead of Igor.
Hope this helps. Based on what i am being told, maybe May would be a good target date. Of course that is if finances hold up.
Actually at no point did I invest in any "Expertise". We invested in a business plan and a trust in an individual that said that this business plan would be completed and our investment would be sky-rocketing in "about 4 months". This was 3 YEARS ago. We also met the professionals working on the project and yes they seem very professional and competant.
My complaint is and has been that other than this last meeting, The company continued to speak of how soon this would happen. At the meeting Igor finally let it out to us that the delays were there and made some explainations and took "in my opinion some responsibility" which renewed some of my faith in him. Then suddenly on here you and a couple of others that speak as though you are on the inside with info start dancing again with..."you don't know the big picture" type comments. If we don't know the big picture then why would we continue to hold our investments, why would anyone buy more stock?? We do not need people like you telling us things were not said when we heard it. We do not need people like you shaking the trust we have regained by trying to say Igor was not telling us the truth even though it may not be all sparkles and sunshine. There is nothing wrong with him telling us problems exist and that the work has stopped for now. In fact, I think it helps the process for the investors to know they are investing in a project that when the information is there they will know it...even if it is not what we want to hear.
Kudos to Igor for standing up and telling us this. Now we can believe him when the time comes to resume work. I think that by you trying to cover up what he said is nothing less than fraudulent and I hope he will chastise you for it/
From the shareholders meeting. Also supplemented by posts 8856 and 8858 by 2 other people that heard it explained the same way. Not sure where you are getting you info, but obviously what you are understanding and what we hear being said is different. I cannot believe that what we were told at the meeting, in front investors, would be wrong or misconstrued. I do not think that after all the doubts cast in the past that arose from the company using inuendo and doublespeak would be coming about again, especially after Igor was open and honest at that meeting.
Also, NATRAC, I believe your post further supports my comment, The Certification has no reason to stop work on the Aircraft, progressing with the work could allow for the aircraft and certification to finish more closely together, rather than waiting to complete the work AFTER the certification. We need to get this bird in the air and get some revenue generated. I still agree with the poster (do not remember who) to buy a flyable aircraft and start generating some of that big money and thereby causing the stock price to go up and the private share offerings to start moving. WIN WIN WIN. I do not think that any of us investors would mind the a flyable aircraft not to meet the Criteria that will one day be the fleet. It would show that the company is going somewhere.
As for the big picture comment I would hate to think that just as the company has had a very positive investors meeting in which they appeared to put their cards on the table and were believably open with the status and shortcomings, they would suddenly say there were things they were not telling us investors. That would not bode well with future investors I am sure.
Don't start to cloud our thoughts again with rhetoric, I think the company has done the right thing in telling us where they stand, admitting they hit some snags, ang are getting back on track. I think this honesty has strengthend a lot of investors resolv and I think that for you to suddenly start speaking out about "hidden big pictures" and that sort of talk will just cause doubt to creep in again.
I don't think you should try speak on behalf of the company and demoralize the views of us investors when Igor has come out and talked with us honestly.
If there are any "agendas" that are going on, I think the company will now let us know. I think that Igor has seen that by being open and upfront with us investors he gets a lot better support and better opportunities of some increasing investments.
I am not defending the actions of the company nor am I saying to buy the stock, but as I previously posted, I do feel more positive since Igor gave what seems to be factual and open information.
LOL Thanks for the sentiment, but I do believe my sunbating days are far behind me now, however, it would be nice to think that before I am under the beach, i could be on it watching a Baltia aircraft pass overhead.
They did not divulge any specifics, just the general statement that I told you. I am hoping to meet with some of my fellow workers before I head to Miami for the winter for a little "off the record" meal.
I spoke with the FSDO and they assure me that the hold up is not on their end. They have given Baltia the time each event will take the FAA to process. The FAA is obligated to turn the Manuals within 45 days each time they are submitted, during that time they are reviewed, notes make and returned to the airline to be corrected and resubmitted. Then a new 45 day clock is started and process repeats until manuals are compliant within the framework as can be found on the FAA website.
Not sure why the work on the aircraft is being held up based on the FAA certification..unless there is some reason to think the FAA will not certify the airline. Otherwise the 2 projects are seperate of each other. There is no reason to have the aircraft done before cert. It will just take longer to complete the whole process to wait and then finish.
The cert process has been going on for what 2 years now?? We were told the certification would only take 3 to 6 months back when we were buying the private stock. I knew that number was not feasible, but 2 years is getting on the other side of crazy.
I would be interested in why the work stoppage on the aircraft, if the company is not in financial harm, then what is the possible logic to stop the work on the aircraft. Is an explaination too much to ask? I am starting to get doubtful again as the meeting said we were fine and everything was progressing well. Now they stop??
What's up...help us out with a little explaination.
Just tried calling the offices, no one there of signifigance to answer questions. Anyone have any info on this??
I keep expecting them to wise up, buy a flyable aircraft and junk the one in Malaysia. Of course a flyable one isn't of any use until they get certified by the FEDs. I notice a deafening silence on the whole certification standings. This is more important than any asset. Without certification, they just own something of no use, like an 8 year old buying a car so when they get a license they can drive.
Guys look. I am one of the forefront leaders in casting my doubts here, but for the first time, at this meeting, I feel they were being open and upfront. I personally feel that as long as they do this and do not start side stepping us shareholders, then maybe some of those who can do so should reconsider helping out financially. This is the type thing I have been waiting for. Igor and group has finally come forth and said, "here is where we are really" and "here is what we need to make the rest happen". Yes they still said it is gonna happen etc, but htat is confidence not hype. I am not saying I am going be all comfortable and start touting the stock from the rooftops, but at least for the first time since I do not know when, I do believe they are telling us more accurate info.
Just my opinion.
Again..YOU did not read. I stated this is the type comment usually said by the company, I did not say the company said these words. They constantly give this type of rhetoric when you speak with them. That being said, I would like to bring up the following that began from nothing. Compass Airlines, Republic Airrlines, Bahama air come to mind immediately. None of these began the ATOS certification from the ground up.
Natrac I must disagree and correct you. First off I myself was on two different CSET committees and as of now most every carrier has met the ATOS requirements, so to say NO other airline has met this criteria is completely wrong unless you are intentionally trying lead people astray. In fact Baltia themselves did not meet their original time line with the FAA here in New York and the C-set team allocated to Baltia had several members moved to certify the Atlas Passenger program. (Which took a total of 11 months from start to certification)of course, they started with enough money budgeted to complete the venture, without having to hold up the process to raise more money.
It is this type of statement that the Baltia Management usualy makes as an excuse for delays ("no one has done this process before") that makes many of us investors doubt their integrity and honesty. Either that or they are clueless, and having met many of them including Igor, I do not think they are clueless. Barry, most likely, but not the others.
Hey Baltia...stock is getting down....need to buy it back up to .05 again.....
the company sells blocks of stock direct. This money goes into the operating fund for the company to use. You will have to hold that stock for 6 months to 1 year before they will release it. Right now they are selling the stock for 3.5 cents a share in blocks of 10,000 shares. with the open market price of 4 cents it really does not seem to make much sense to buy the private offering and be unable to sell it if you need to. We had that problem. we bought it spiked up and we could not sell. By the time our time was up the stock had dropped below our intial purchase price and here some 3 years later the price is still below our purchase price. This is perhaps my biggest gripe with this company, when they are trying to sell you stock, they tell you everything is done and they will fly in a month or two...I have been hearing "A few more months" for 3 or so years now. You cannot get a straight answer from them even on the phone. I have retired from the FAA and believe me, if they are telling people these stories it will not help with the FAA. The office will placate them and will go along with everything that they must but they will also scrutinize their documents to make sure everything is perfect and not vague. I will say, and not just because I was a part of it, but the FAA is diligent and unveering in making sure that all aspects are met. They know what is involved in starting up this operation and even though they will smile and say "good" to what Baltia tells them, they know what is and will be required. Baltia will have to show them, not tell them what is going to happen.
Again, the value of the stock is good, but right now Baltia needs money in their pockets to make it all happen. It still makes one wonder, if this is such a sure moneymaker, why do they not take a loan from the guaranteed funds that the management has put up and get this bird flying?
Good luck to us all
Personaly I think the only way we will see is if they raise the money first to complete the Maintenance in Malaysia and raise enough to hire and train personnel. They are still in the same small space with the 10 or so consultants. They only have 4 or 5 people actually on payroll. They are going to need to hire 50-100 people to get this operation going. Approx 15-20 crewmembers (this included flight attendents) and somewhere in the neighborhood of another 20 or so administrative personnel. There is then maintenance and ground handling people (which can be contracted) but as ANYONE in aviation knows is very poor at JFK.
They said they want to fly 3 round trips weekly after a month or two, with that frequency there will be maintenance checks due on the aircraft approx ever month or every other month, do they have provisions to make the flight schedule while the aircraft is in maintenance check?? Some of the checks can be accomoplished in a day, but most will take 2-4 days especially in the begining as the FAA will scrutinize us because we will be a new operator and that is SOP. I know the easy answer is they eill plan on getting a second aircraft almost immediately, but it too will probably take several months to get into the air.
I hope this venture makes it, but I just do not want people to make decisions on all the hype printed on this board. Several of the posters are people working there at Baltia and there is nothing wrong with pumping it up, but keep some truth in the mix.
I only hope that I can see the stock go up, in an honest fashion, so that when my time comes and I go to where we go after death, I can tell my husband that his decision to invest in this company finally paid off.
I too have about a million shares left, and I still have not received any info about Proxy or Shareholders meeting. Maybe Delta was right, maybe someone should make a call to the stock comission and ask about this practice. I too am not so shure of it being ethical to "select" those this company wants there.
I still believe there is a lot of shady deals and smoke and mirrors going on here, but I also still hope they make it so I can get some of our money back.
Personaly I think the only way we will see is if they raise the money first to complete the Maintenance in Malaysia and raise enough to hire and train personnel. They are still in the same small space with the 10 or so consultants. They only have 4 or 5 people actually on payroll. They are going to need to hire 50-100 people to get this operation going. Approx 15-20 crewmembers (this included flight attendents) and somewhere in the neighborhood of another 20 or so administrative personnel. There is then maintenance and ground handling people (which can be contracted) but as ANYONE in aviation knows is very poor at JFK.
They said they want to fly 3 round trips weekly after a month or two, with that frequency there will be maintenance checks due on the aircraft approx ever month or every other month, do they have provisions to make the flight schedule while the aircraft is in maintenance check?? Some of the checks can be accomoplished in a day, but most will take 2-4 days especially in the begining as the FAA will scrutinize us because we will be a new operator and that is SOP. I know the easy answer is they eill plan on getting a second aircraft almost immediately, but it too will probably take several months to get into the air.
I hope this venture makes it, but I just do not want people to make decisions on all the hype printed on this board. Several of the posters are people working there at Baltia and there is nothing wrong with pumping it up, but keep some truth in the mix.
I only hope that I can see the stock go up, in an honest fashion, so that when my time comes and I go to where we go after death, I can tell my husband that his decision to invest in this company finally paid off.
I too have about a million shares left, and I still have not received any info about Proxy or Shareholders meeting. Maybe Delta was right, maybe someone should make a call to the stock comission and ask about this practice. I too am not so shure of it being ethical to "select" those this company wants there.
I still believe there is a lot of shady deals and smoke and mirrors going on here, but I also still hope they make it so I can get some of our money back.
WOW. While I have been in agreement with most of your posts, this one has me doing a double take. This post sounds like Igor speaking (not accusing you of being him) in that you are implying that we should just shut up and be happy we can give our money to this company and expect nothing they have promised us to be true?? Sorry, but I do not ever count blessings for being lied to. Now with the statement the company is better to not have the aircraft sitting all winter in a harsh JFK winter tells me that the company has accepted the fact that they cannot get it in the air this year, but why is there no shareholder letter telling us this?? My problem is not that the delays are coming, my problem is that acoording to a talk I had with them just a couple of weeks ago, I was told that things had hit a bump, but that everything was fine and that everything was still on schedule (however they could not tell me that schedule.)
Sorry but this is one time I cannot agree with you, this post by you suddenly became another "commercial" (like Igor) in how much better we are not to be flying yet, and therefore have made a good investment
I still feel that there is no integrity left for the Management group. I hope that all this does not fall onto reputations of the people that are currently working there, but as anyone in the aviation business knows, we all talk and the reputations get tarnished by association.
I still have hope, but I do not put ANY trust in what Igor or Barry have to say. I pick up from the FSDO that they feel much the same way.