Baltia Air Lines Inc. (fka BLTA)

[phl08]

I don't recall reading anywhere that an inspection of the 25+ year old 737-400 was conducted. I may have missed that, but the primary goal to the Songbird deal was obtaining the part 121 cert. The plane, if it was even going to be part of the deal (it was not specified anywhere in the agreement), was the lowest priority.

Had they completed the deal, I don't think the 737 was of much use. But having a business and operating certificate, it would have put BLTA in a better position to obtain some more capital for investment in newer aircraft (lease or purchase).

Baltia Bull Thursday, 02/22/18 08:06:58 PM
Re: phl08 post# 97317 0
Post # of 97325
....I dont know if this was even the case but I do know blta performed a check of the plane I read in October. Then Tony said he would not proceed with something that is not in the best long term interest of shareholders and let me add to that... the guys that were giving the balance of funds might have stopped it based on that check.