Could America’s oldest “startup airline” finally be coming to an end? It looks like it.

For those of you not familiar with Baltia & USGlobal Airways, I’ve been writing about them for years. They’ve been taking money from investors for about 30 years, though they’ve never operated a commercial flight, despite the fact that they had a 747-200 for over 20 years (which they finally dumped in 2016, after hiring a consultant who told them it might not be the ideal plane with which to launch an airline).