Replies to post #96810 on Baltia Air Lines Inc. (fka BLTA)

[certdog]

I think buying a pre-existing certificate would cost at least $20 million because the surviving entity would end up losing at least $10 million from the initial purchase until it is modified to the desired business model (wide body international from Stewart, etc.). I find it amusing that people think that somehow USGlobal will magically be cash positive at day one revenue flights after purchasing a raggedy-ass bottom feeding airline that couldn't make it on its own in the first place.
Not sure if I really answered the question though. $10 million might close the transaction but would fall way short of the actual cost.