Okay,this is actually amazing. The story of America's oldest startup airline keeps getting better and better.final week I wrote approximately how the SEC is investigating an executive from Baltia Air Lines, which is an airline I first wrote approximately in 2014. They've been in "trade" (which is to say they've been investing other peoples' money) for 27 years, or though they've still yet to function a commercial flight,despite owning a plane for over 20 years.
Their trade plan all along has been to fly 40 year old Boeing 747-200s between current York and St. Petersburg, Russia, and with plans to later expand to other European capitals. But for the past 27 years they've intentionally been delaying operations,because they clearly don't maintain the intent of actually ever flying.
And I can't blame them for never actually wanting to fly -- the airline is publicly traded under ticker code BLTA, and amazingly enough in 2014 had a market cap of nearly $70 million. Who wouldn't want that much capital for a trade model which could best be summed up as a joke?The post Baltia Air Lines: You’re Drunk, or Give Up Already appeared first on One Mile at a Time.
Source: boardingarea.com