InvestorsHub Logo
icon url

flaflyersfan

04/17/13 12:02 AM

#18046 RE: In50k #18045

In50k, 23 years and just got to Phase I with no manual approval;

Nice little perk from the 10-K filing that shareholders did not get to vote on that happened last Friday;

EX-10 8 10-16resshar.htm EXHIBIT 10.16
BALTIA AIR LINES, INC.
BOARD RESOLUTION

Board meeting was held on April 12, 2013. The following resolutions were passed unanimously:

1. Resolved that, Board affirms the individual agreements not to sell shares issued for compensation to the following officers: Igor Dmitrowsky, Barry Clare, Russell Thal, Andris Rukmanis, and Walter Kaplinsky, entered into by the officers and Baltia Air Lines. The underlying agreement not to sell will continue to be effective until such time that Baltia had received its Air Carrier Certificate and commenced revenue flight operations, and may be further extended by the consenting parties.

2. Resolved, that Board reaffirms its Board resolution of December 18, 2001, that the Company cannot pay its President Igor Dmitrowsky, and that to provide incentive, the Company will continue to pay for reasonable expenses including travel, meals, lodging, limited entertainment, and automobile.

/signed/ Walter Kaplinsky
Corporate Secretary

/signed/ Igor Dmitrowsky 4-12-13
Director Date

/signed/ Andris Rukmanis 4-12-13
Director Date

/signed/ Luis Bolanos 4/12/2013
Director Date




http://www.sec.gov/Archives/edgar/data/869187/000116519513000008/10-16resshar.htm

Good luck.
icon url

JRUSA

04/17/13 12:23 PM

#18052 RE: In50k #18045

In accordance with FAA Order 89001.1
2.9.4 CPM
—Notify the applicant that all
manuals and programs have been
given approval and/or acceptance.


However, I would note that manuals are not a significant issue. Read FAA Order 89001.1 at the following:

http://www.atcvantage.com/docs/FAA_Order_8900_1_Volume_10_ATOS.pdf

Most of phase 2 involves issues that the FAA Project Manager(CPM) and Project Team(CPT) gets accomplished. FAA Order 89001.1 gives a specific outline of the process that needs to be accomplished from here on out. Baltia's next step (along with supplying CPM with information and documents) is the following:

2.4.3 Applicant
—Begin initial cadre training.


From my reading of phase 2 is very important and a significant step in the certification process.