Baltia Air Lines Inc. (fka BLTA)

[phl08]

I never thought the Songbird deal was a smart move at all. Their financials were already horrendous and they were trying to buy a part 121 op with a 25+ year old 737 airframe. Even if they flew that aircraft 12 hours/day with profits exceeding $10K per flight, they still had too much baggage weighing them down. That's just pure numbers that can't be disputed.

I question the Kalita deal, as well. A single aging 767 is expensive to maintain. They couldn't operate more than a few transatlantic flights per week, which are expensive in themselves and would rely on solid passenger/cargo yields. Again - another tough road.

My hunch is they never really thought the 767 or 737 would come to fruition to start operations. In the end, it was about pumping up the stock as long as they could.

2 cents by the SHM and 5 cents after was being touted by the now absent cheerleaders in April 2017. It barely made a penny before it went down and never came back.

Monroe1 Member Level Wednesday, 11/28/18 08:43:00 PM
Re: Anvil post# 103731 0
Post # of 103739

one of the best? naw, not as far as Tony goes as President. Here is the thing, had the Songbird or Kalita lease contract gone forward we would all be saying how smart he was.