I am waiting just like anyone else. Should be any day now, not posting here unless I hear something new of substance to post. Read this on another board today:
Certification is on track. 29-Jan-08 03:49 am The Dept of Transportation's (DOT's) job is to ensure that the applicant (Baltia) is compliant. I have called a few friends in the industry and learned the following:
The DOT has had a personnel shuffle, and a new person has been assigned - the outgoing person had already stated that Baltia's application was complete, and that everything looked OK.
Now - about the FAA - the Northeast Region has determined that their resources (ability to assign and dedicate a team for the certification) may not be adequate at the Long Island Flight Standards District Office (FSDO), and may need to assign this certification to another FSDO nearby. At any rate, all is going NORMAL for a carrier trying to get allocated the government resources for certification. This assignment of resources will take place very soon, and Baltia will be challenged with meeting their requirements - they have put together a very impressive team to meet these challenges. This is not rocket science - it is beaurocratic hoop jumping, and Balita's team members have been through this before. It will happen, and Baltia will fly. What happens after that is up to their ability to sustain the operation profitably in a limited entry market, and they will have a monopoly for a limited period of time - it is a great opportunity to prove their worth in what is viewed by many as a potentially lucrative market. We will see.
In the mean time, the investment is miniscule compared with the potential returns, given that the stock will probably be in the $2.00 plus range when they start.
This investment is for those who have money to risk, and those who analyze the potential accurately. Good luck. I am confident in my substantial investment.
Sentiment : Strong Buy
