InvestorsHub Logo
Followers 25
Posts 10269
Boards Moderated 0
Alias Born 08/25/2010

Re: Firestream post# 67444

Saturday, 01/09/2016 9:59:39 AM

Saturday, January 09, 2016 9:59:39 AM

Post# of 105602
Kalitta already filed against Baltia with FAA and SEC a $1.22 million Mechanic's Lien for work on 706 last done in March 2015.

http://www.getfilings.com/sec-filings/150818/BALTIA-AIR-LINES-INC_10-Q/ex10-33.htm

Since then, Kalitta doesn't appear to be interested in advancing Baltia nose and right main landing gear overhauls "in the normal course".

Good luck.

"11. Subsequent Events

In June of 2015, Kalitta Air, LLC d/b/a Kalitta Maintenance filed a lien to accomplish security for credit extended to Baltia Air Lines by Kalitta under a contract for maintenance." [Mechanic's Lien]

"10.33 - Claim of Lien and transmittal correspondence - Kalitta Maintenance, May 20, 2015. Incorporated by reference to Exhibit 10.33 to Company's 10-Q for period ending June 30, 2015, filed August 18, 2015."

Oh, and from 2007:

"Post # 14 of 67444

INAUGURAL FLIGHT IN MAY?

I received an Email that BLTA has gotten funding to launch their airline. I have no idea if this is true or not, but my DD shows that they have spent much time (years) and effort to get this off the ground. Here are a few lines from the notice:

Baltia Airlines is finally expected to announce in January that it has raised the required funding for their endeavor to launch the first full-service, nonstop passenger, cargo and mail service between New York and St. Petersburg, Russia.

Now that they have the required funding, Baltia expects to finalize the FAA and Department of Transportation certification process within 90 days.


One month prior to receiving final certification Baltia will be allowed to pre-sell airline tickets for the inaugural flight which is anticipated to begin in May, 2007. Funds from advanced sales are estimated at approximately $3 to $4 million."
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.