The last screwing by the FAA put him in his grave. Had Russ been a younger man he would still be CEO. We would probably have the Kalitta deal and maybe Songturd. Tony and all inherited a tough go here. They are at fault for not publishing the financials good bad and ugly. Benefit of hindsight... a ruthless FAA and now SEC change in policy starting out with BLTA. That is some kind of luck. Well, if they hang in there I will too. Even in a bad run of blackjack it eventually comes back your way. If not broke, that is when you show courage and double down.
I always taught baltia was done when they lost Igor's dream of JFK to St. Pete's. The 747 was a bust, but a good 767 with greater gas range I think would do the trick. You fly boys may know better but that old 747 burns gas like a junkie. I believe then and now that non-stop JFK to Russia and return was the glue to this thing. Glad I didn't follow the pumpers here and buy into oblivion.
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