Replies to post #67066 on Baltia Air Lines Inc. (fka BLTA)

[speckulater]

BLTA Cofounder's Employment Contracts (Seamless Transition) In Place











BLTA already has 4 Cofounder's Employment Contracts in place. They are not scheduled to take effect until commencement of flight revenue operations. However, they provide a broad outline of how Baltia's EVP Mr. Russell Thal currently acting as President, Baltia's Board of Directors and Management will ensure a smooth and seamless transition for Baltia Air Lines.

Below is the contract for Russell Thal. Contracts of all 4 executives are included in the SEC Document.




Baltia Air Lines (BLTA) Cofounder's/Founders Employment Contracts:

* Barry Clare - BLTA Vice President Finance
* Walter Kaplinsky - BLTA Secretary
* Russell Thal - BLTA Executive Vice President
* Igor Dmitrowsky - Deceased BLTA President & CEO








BLTA 10-Q Dated 8/18/15 - Page 39:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10871485





















BLTA








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[speckulater]

Inaugural Flight Going To Be One Emotional Event

The response of Baltia's followers to this unfortunate event has been nothing less than inspiring, and makes me very proud to be a shareholder of something more than just a company... Men come and go, Vision never dies. The inaugural flight is going to be one emotional event, to be sure. Let's go, Baltia!

You said a mouthful there. After 26 yeas of blood, sweat and tears determination, the imminent Inaugural Flight was going to be a monumental joyous occasion. Now that Igor (who supplied 90% of the drive) will not be there in person, it will be bittersweet. But celebrate we will, because Igor would want it that way.











http://www.baltia.com/inaugural.html









BLTA

[speckulater]

NEWS: "We.Will.Continue His Legacy& Finish What He Started"













Baltia Air Lines Announces Management And Board Changes

JAMAICA, N.Y., Jan. 5, 2016 /PRNewswire/ -- Baltia Air Lines, Inc. (BLTA) announced today that Mr. Russel K. Thal has been named President and Chairman of the Board. In addition to Mr. Thal's appointment, Mr. Barry Clare and Mr. Frank Acquavella have been appointed to the Board of Directors. Mr. Thal succeeds Baltia's Founder, President and CEO, Mr. Igor Dmitrowsky who recently passed away. These appointments were made and ratified by Baltia's existing Board of Directors earlier today and are effective immediately.

Mr. Thal has served as Baltia's Executive Vice President since 2004. He has over 50 years of experience in business management and aviation technology. He also served in the US Army. Mr. Thal was Director of Operations, and Liaison for Military Airlift Command for Seaboard World Airlines, and Director of Stations for New York Air. He also founded Compuflight (acquired by Navtech) and served as Chairman of Navtech from 1997 to 2001.

In a statement to the Board of Directors and Baltia's Management team, Mr. Thal said, "Igor was an outstanding and competent leader who will be missed by all those who knew him and had the privilege of working with him." Mr. Thal also stated, "His vision and energy were the inspiration that drove us to this point. We will continue his legacy and finish what he started."

Baltia's existing management team remains in place and will ensure that the company prospers and will uphold its obligations to all of its shareholders. The company continues to operate normally towards air carrier certification.

Contact Information:
Anthony D. Koulouris
Vice President, Marketing
[phone]

http://www.prnewswire.com/news-releases/baltia-air-lines-announces-management-and-board-changes-300199779.html



FYI
I believe Mr. Frank Acquavella is BLTA's Head Pilot. I met him a few summers when I visited/toured Willow Run Airport. He piloted the Baltia team home from Willow Run to JFK in the N606KR Cessna.



























BLTA











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[God_Father]

"Mr. Dmitrowsky's legacy will not be forgotten", lolz. And what Legacy was that? 23 years that this company has been in business and not even a single dollar worth of revenue to show for. This is sad, but sadder yet to see all the kool-aid still being served.

RIP Dmitrowsky - Your scam will live on as long as savvy investors keep the lights on.