The article forgot to mention that Baltia just finished recurrent training for proving flights; that they didn't fail the mini, that they're in the performance stage of the certification, they actually have pilots and an HQ is JFK but operate in Michigan, they secured the competitive flights to St. Petersburg; Kiev; Minsk, and other Eastern block locations, that they currently have 70 employees (stated in the audited 10K), they also have three flight crews THREE verified to do training, and completed recurrent training at the Kalita (sp?) airport.
The article is "materially misstated" and should not be taken at face value.
Maybe they're trying to comfort the shorts the way longs post facts that are positive.