Thats right the FAA sabotaged the slides on N706BL for all 7 mini evacs.
Just for the heck of it:
On June 15, 2017, Baltia Air Lines, Inc. dba USGlobal Airways (the “Company”) entered into a non-binding letter of intent with AerLine Holdings LLC (the “LOI”) for the exclusive right to acquire of all of the issued and outstanding shares of capital stock of Songbird Airways, Inc.
more heck of it:
FOR IMMEDIATE RELEASE July 24, 2017
We have concluded our due diligence review of Songbird and have already confirmed the current status of Songbird’s FAA and DOT certificates. Members of our executive management have had several meetings as well as continued communications with representatives from Songbird and the FAA. We are working to close this acquisition on or before September 15, 2017. This acquisition would be important because it would allow our company to initiate revenue operations immediately by utilizing the same aircraft and air carrier certificate previously operated by Songbird.
more heck of it:
On August 30, 2017, Baltia Air Lines, Inc. dba USGlobal Airways (the “Company”) entered into a stock purchase agreement (the “Agreement”) with AerLine Holdings Inc. (“AerLine”) for the purchase of all of the issued and outstanding shares of capital stock of Songbird Airways, Inc. (“Songbird”), a wholly owned subsidiary of AerLine, for an aggregate purchase price of $6,500,000 (the “Acquisition”) to be paid in cash, plus any amounts related to certain pre-paid assets of Songbird. The Acquisition is scheduled to close on October 15, 2017 (the “Scheduled Closing Date”), but in no event later than October 31, 2017, and the Company is required to present proof of sufficiency of funds to AerLine fifteen days prior to such Scheduled Closing Date.
And the $1,000,000.00 heck of it:
The Company previously made a good-faith deposit of $1,000,000 with a third party escrow agent, which funds were released to AerLine on September 1, 2017.
more heck of it:
Tuesday, November 14, 2017
To that end, we have been working diligently for several months to acquire Songbird Airways and are committed to closing the deal. I want to assure you that we are eager to resolve the delays in the closing with Songbird and remain as dedicated as ever to moving beyond this chapter of our pre-revenue business in order to rapidly proceed toward scheduled passenger flights.
All of that was just for the heck of it?
