There are 5 phases to the brand new 121 certification process: Phase 1 is Pre-application Phase 2 is Application (Initial review of the Application Package and formal application meeting) Phase 3 is Design Assessment Phase 4 is Performance Assessment (tabletops, mini, proving flights) Phase 5 is Administrative Actions
Can't move from Phase 2 without applying to the DOT for Economic Authority. The DOT application can't be made without all the financing in place and a complete pro forma business plan with detailed financial projections.
Someone misspoke if they said Baltia was presently in phase 3.
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.