Replies to post #93230 on Baltia Air Lines Inc. (fka BLTA)

[phl08]

For what it's worth, that plane is now listed for $4.7M "as-is" by Aersale. The C-Check is due by 12/30/17. The heavy check will be due by 10/31/2020 or ~9000 more cycles (whichever comes first). So whomever buys it has to invest some maintenance into it. A C check will undoubtedly uncover discrepancies to resolve, as just about any airplane investigation would.

That info is not posted publicly anywhere but it's not confidential. When I emailed to inquire about the plane and specs I got an email back with the asking price and all those details.

So, was BLTA buying a $4.7M plane and a $1.8M operating certificate? Seems steep but what do I know.

As for the reasons for the price drop, all the negative talk on these boards don't likely have much influence on the PPS - especially today's events that had it drop ~35%. The company has been silent too long and events that have and haven't happened are raising eyebrows. I suspect some of those big sales were people with deeper inside knowledge.

At this point, it feels like we've been set back a a year and need an injection of positive news that truly turns this around. Otherwise, I think this pipe dream is over.

[Monroe1]

Hard to say what happened and where we are. You may well be close in your reasoning here. As well, we have to be careful not to rush to judgement.

1. the deal may still be on
2. the deal may be in re-negotiation or need more time
3. the deal may be toast by the last possible second on Wed. midnight.

The structure and integrity of Songbird was not as presented.
There could be a deal with another aircraft lease.Aersale or other CO.
There could be some technicalities with agency(s) hinging on closing.
The plane could have been a lemon, a snafu could not be worked out.
There could be legal strings that bind the deal.

Totally agreed it is not the money. $6.5 is peanuts for these guys. Anyone of many could write a check. As you say, it is in the best interest to see the deal succeed. So... we shall find out.

Tough to say just right this second. Either party or both may have decided to cease. A better deal may have surfaced. Whatever happened in two days it will be done as we know it, changed, or kaput.