Virgin America Facts -
"In early 2004, Virgin Group announced its intent to start a new, United States-based, low-fare airline it named "Virgin USA". At the time, Virgin USA expected flights to begin by mid-2005."
"Because it had trouble finding U.S. investors willing to gamble on a new airline, given the state of the already crowded U.S. airline industry, the launch date was pushed back from mid-2005 to early 2006."
"The review of Virgin America’s application was prolonged because of this opposition, which claimed Virgin America would not be under U.S. ownership or control. The application was denied by the Department of Transportation on December 27, 2006."
I mean let's get real here... Virgin America posted over $250 million in losses it's first 3 years in service with a fleet of like 48 planes. They went through denial from DOT and setbacks of more than 3 years from it's conception to the point where they had their first revenue generating flight in August 2007.
Is it a joke to compare Baltia to Virgin America? I'm just curious if some people are serious about that.
I'm no airline industry guru and I don't claim to have even 1% of the airline knowledge that some present on this board... but I sure know how to read a Wikipedia page. Comparing Virgin America to Baltia is one of the more ridiculous things I've read on this board.
Baltia didn't even have the proper aircraft a year and a half ago. If an investor REALLY wants to analyze the two companies' timelines, how about compare them from the time they each had physical aircraft with airworthiness.
In my book, that would put Baltia ahead of Virgin America in the certification process... if one REALLY wanted to compare these two companies. Absurd.
