Baltia Well Into Certification Process, Has Necessary Finances
OST-2007-0007 - Certificate of Public Convenience and Necessity - New York-St. Petersburg
Supplemental Response
January 9, 2013
Ms. Lauralyn J. Remo Chief, Air Carrier Fitness Division Office Of Aviation Analysis U.S. Department Of Transportation
Re: DOT Letter Of December 10, 2012 Docket: DOT-OST-2007-007 Application Of Baltia Air Lines Inc. Section 41102 Certificate Authority
The letter expounds on 2 main points:
1.) Baltia has necessary personnel, documentation, and is well in the process of obtaining FAA authority.
2.) Baltia has necessary finances to commence operations.
2). Baltia has necessary finances to commence operations.
Baltia was found fit, willing, and able to engage in foreign scheduled air transportation, subject to certain conditions, on March 10, 2009. Since the time this fitness order was issued, Baltia continued to progress on its plan to initiate flight operations, including completing all necessary documentation, obtaining the necessary FAA authority, and preparing for crewmember training and aircraft maintenance and safety conformity. Baltia has necessary personnel, documentation, and it is well in progress of obtaining the FAA authority.
Prior to the transition to the EMI-FSDO, Baltia spent its cash on overhead costs, which are reflected in the company's financial reports, including the third quarter report referenced in your letter dated December 10, 2012. During that time Baltia used its time and finances to expand and support New York offices, set up office in Michigan, conduct aircraft maintenance, design, develop and construct the air carrier's bases of operations, and support all office staff to date.
In preparation for the certification process at the EMI FSDO and upcoming crewmember training, Baltia has cash on its accounts of $560,721. In addition; the company's shareholder base continues to provide working capital. In its request for dormancy waiver, Baltia submitted lines of credit equal to or greater than 1/4 operating expenses assuming zero revenue. To this date, the submitted credit lines remain unused. Attachments:
Attachment A: FAA letter to Baltia Air Lines, dated January 3, 2013
Attachment B: Index of documents submitted to EMI-FSDO(PAC) on December 14 and 20 2012
Attachment C: Excerpts of the official lease agreement at Willow Run Airport
Attachment D: Letter of intent for crewmember training Kallita Air, LLC
Attachment E: Excerpts of the maintenance agreement with Kallita Air, LLC
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