Baltia Air Lines Inc. (fka BLTA)

[phl08]

Don't be fooled into thinking that just simply buying a company with a 121 certificate that these guys will just be able to turn a key and start generating revenue. The Feds will go through this with a fine toothed comb, given their sorted history.

What am I even thinking... don't be fooled into thinking they are buying a 121 certified operator at all. Lampl made it plenty clear - they couldn't raise capital to close the Songbird deal. It wasn't because they decided in the last hour it wasn't the right deal. It was because they didn't have the money and, 3 weeks past the 10/31 deadline stated in the agreement, the seller pulled it. They put up $1M and only needed $5.5M more, which - according to Lampl - they couldn't raise.

Nothing has changed to give any investor confidence that this is a good buy. It's a broken shell of a company. If I were an investor with $30M to invest into starting an airline, why would I even look at this company that, literally, has nothing to offer. ZERO. I would just as soon invest it into a fresh company without any baggage.

Monroe1 Member Level Thursday, 02/22/18 09:38:18 AM
Re: Monroe1 post# 97282 0
Post # of 97286

" he said, still intends to acquire another airline that already has operating authority and thus fast-track the DOT and FAA processes.

“There are possibilities, options, out there, and they are being pursued, Lampl said.