Replies to post #25334 on Baltia Air Lines Inc. (fka BLTA)

[4starman]

Interesting comparison to Southwest. It did take them four years from incorporation to their first flight. But one big difference, LUV financed through promissory notes and only had 650,000 shares at $11.00 per share not 5 BILLION at .02! and Igor Dmitrowsky, chairman and president, chief executive officer and CFO, founded the Company in August 24, 1989. Taking them a little bit longer - with the ONLY income from sale of stocks. That is my concern with this company.

I'll wait(and maybe pay a little bit more) to see if they actually get a plane off the ground.