And still no closer to flying a plane...
Worst part is, even if they could start a commercial route, their business model is not sustainable, tickets are too expensive, there is NO MARKET... Major airlines who have been in the business have years upon years of experience, and they deal with tiny margins. So much so that overly-expensive airlines have gone bankrupt or consumes along the way
worst worst part is, even there was, major airlines would mimic and quickly push out the late entrant. Baltia would soon find itself lowering prices as giant airlines pressured them to lower prices. Trust me, airlines are no exception to the laws of supply and demand.
worst worst worst part is, Bankruptcy is on the way. Dilution is used to fund this useless operation.
Shorts Are Winning and Will be laughing all the way to the bank.
This company is DOOMED for failure. Stock is inching its way to ZERO-BID. Be smart folks... recognize failure and steer away from it, Unless of course, you're shorting this stock. Then you're doing it right!!
Quitting while you're ahead is not the same thing as quitting