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Re: GreekInvestor post# 13078

Tuesday, 04/10/2012 6:25:11 PM

Tuesday, April 10, 2012 6:25:11 PM

Post# of 105600
Thank you for bringing this up again, it is rather important.


The date listed from Department of Trans looks like January 5th 2009, did Baltia commence operations?

http://www.secinfo.com/d13Hs4.sa.b.htm

"(11) In the event that the holder does not commence actual flying operations under this certificate within one year of the date of the Department's determination of its fitness, its authority shall be revoked for dormancy, unless the holder is conducting operations under another type of certificate authority. Further, in the event that the holder commences operations for which it was found "fit, willing, and able" and subsequently ceases all such operations, its authority under all certificates held shall be suspended under the terms of 14 CFR 204.7 and the holder may neither recommence nor advertise such operations unless its fitness to do so has been redetermined by the Department. Moreover, if the holder does not resume operations within one year of its cessation, its authority shall be revoked for dormancy. "

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