Rocco, it is a very long history for Baltia, but the real story does start till around 2009 with the purchase of their first plane N705BL. That plane helped start the FAA certification process, which I originally was told would take about 4 years (I bought in in January 2010) and which has run a little longer as there were Congressional changes to the process (in midstream) that Baltia did not anticipate and even the FAA personnel were uncertain as to how to handle and how to implement.
It was a learning process for all involved.
The FAA just doesn't give these certificates away, as the last airline to receive this type of certificate in the United States was JetBlue in 1998 (over 16 years ago and Baltia is the only one to have made it this far in all that time).
You stumbled upon Baltia at the right time. Many of us have waited years to get to this point....just about 3 months (or less!) from Baltia receiving its certificate from the FAA.
Continue to watch and you will see amazing things happen over the next 3 months....things which the market and the current stock price don't reflect as of yet (for many years investors have expected this to be "fast money", but getting permission to transport people around the world in an airplane takes a great deal of dotting i's and crossing t's - the FAA can't afford to make any mistakes as they are being watched by THE ENTIRE WORLD!).
Just when you are ready, get your feet wet asap. Very soon the reality of what is going on is going to sink in with the rest of the market, and BLTA will be trading at a much more realistic price for what will soon be America's Newest Intercontinental Airline.
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