Quote from a friend of mine, his name is John and he know quite a bit about Baltia!
I can't say too much, but a couple of things that I can say:
First of all, BLTA is now listed as "current" on the OTCBB.
That is important in that for quite some time Baltia's 2014 10-K financials were filed but were not "signed off on" by a Certified Public Accountant.
So basically, Baltia is now finally back on track with its financial statements and its financial status in regards to the SEC.
They are financially "current" and in full compliance once again.
Second, Delta's "political" decision to withdraw from servicing Russia at this time is absolutely HUGE for Baltia and couldn't have come at a better time.
I say "political", because the truth is that Delta did not just "abandon" this route, but rather they sold it. The route was profitable and Delta was making $, but Delta made the "politcal" decision to withdraw from that market at this time - and they sold their Russian routes to Aeroflot and toTransaero Airlines.
Transaero Airlines has one of the worst safety records on the planet, and many Russian travelers do not want to fly on Aeroflot.
Delta's decision leaves an absolutely huge void for Baltia Air Lines to fill......and it really could not have come at a better time in Baltia's history.
Good luck to all.
Go Baltia!
Godspeed!
AI
