InvestorsHub Logo

weaseldawg

04/10/12 6:03 PM

#13079 RE: GreekInvestor #13078

The revocation of Baltia's route authority has been addressed several times. What I read was that when the authority was given, it clearly stated that if Baltia did not commence service within a certain period of time, the authority would be revoked. I am sorry Baltia didnt start service.

weaseldawg

04/10/12 6:25 PM

#13081 RE: GreekInvestor #13078

Thank you for bringing this up again, it is rather important.


The date listed from Department of Trans looks like January 5th 2009, did Baltia commence operations?

http://www.secinfo.com/d13Hs4.sa.b.htm

"(11) In the event that the holder does not commence actual flying operations under this certificate within one year of the date of the Department's determination of its fitness, its authority shall be revoked for dormancy, unless the holder is conducting operations under another type of certificate authority. Further, in the event that the holder commences operations for which it was found "fit, willing, and able" and subsequently ceases all such operations, its authority under all certificates held shall be suspended under the terms of 14 CFR 204.7 and the holder may neither recommence nor advertise such operations unless its fitness to do so has been redetermined by the Department. Moreover, if the holder does not resume operations within one year of its cessation, its authority shall be revoked for dormancy. "