"Certificates are not transferable without prior Department approval. Applications for transfer of certificate authority should be filed jointly by the transferor and the transferee with the Department’s Dockets Section at least three months in advance of the proposed effective date of the transfer." https://www.transportation.gov/policy/aviation-policy/licensing/US-carriers
No significance whatsoever that 3 months after the 6/15/17 LOI announcement, the DOT, who is well aware of all the changes that Baltia Airlines d.b.a. USGlobal Airways has gone through, finds them unfit on 9/13/17. http://airlineinfo.com/ostpdf100/556.pdf
No significance whatsoever that it was posted the day after the in all events no later than closing date.
No significance whatsoever that N417XA was put back on the market as being available for sale or lease.
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