InvestorsHub Logo
Followers 11
Posts 852
Boards Moderated 0
Alias Born 11/26/2014

Re: Deltasaint post# 84639

Tuesday, 05/23/2017 10:06:59 AM

Tuesday, May 23, 2017 10:06:59 AM

Post# of 105598
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.

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.