InvestorsHub Logo
Followers 0
Posts 356
Boards Moderated 0
Alias Born 10/03/2009

Re: Pipa post# 8184

Tuesday, 07/20/2010 5:37:02 PM

Tuesday, July 20, 2010 5:37:02 PM

Post# of 105600
No...I did not. I did talk with some folks out there that I know, and they are making progress. Things are slow because Baltia has a lot of money problems, or should I say not problems, but they really had no idea as to what real world costs were to get this project accomplished. They are doing it, but if they need a widget of some sort and Evergreen tells them it is $10,000. then Baltia starts calling every aircraft graveyard and contact known to man to find one cheaper. this may hold up work for a couple of days sometimes. He also said that they are going to really be shocked after the aircraft gets to Malaysia and they start adding on things after they get care, custody and control, of the aircraft, but Igor is adamant they are honorable people. (Why else would they be so much cheaper than everyone else.)
Anyway, bottom line, progress is being made, very slow due to Baltia and money flow, but progress still. He has no idea when the aircraft will leave, but not before Evergreen is Paid in Full he jokes.
We will just see I guess. I personally do not see it happening this year, winter is the slow time and travel is so discounted that i am not sure they could make money flying then with all the ancillary costs. If the flights have not began by October, then the smart money would be to wait till March or April. Again, that is opinion.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.