In 2014 I first wrote about Baltia Air Lines, which is America’s oldest startup airline. They’ve been in “business” for 27 years, except they’ve never actually flown a commercial flight, despite having owned a 747-200 for over 20 years (which they finally dumped a couple of months go, after hiring a consultant who told them…
Continue reading: Want To Set Money On Fire? Baltia Is Still Looking For Investors!
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Haha, just look at some of the "reviews" on their Facebook page and you can see all of the idiots who set money on fire!
@ Nolan Snoeyink
My Favorite is:
I know there are unsophisticated investors out there dumping shares because they are not doing there research but I'm still BULLISH. These guys are honest & from the data I have seen on the SEC filings I'm 110% correct. Before you make an ignorant statement mame sure you fully read & comprehend all the data. If your gonna invest your gonna have to keep up smh.
@baltia all the way So did I, the showers were out of this world, the service was unique, something I had never seen in my life! And well the food, I never tasted anything like that before. Did you get a chance to visit their onboard spa?
From their own website "
In 2015, Baltia Air Lines will inaugurate non-stop service between New York’s JFK Airport and Europe."
I guess they need to update the website
Yeah careful Ben, Russia will drop a dirty bomb on ya! Then again, as Robin Williams said, talking as Putin, “Vee haff dirty bombs…it is juss that vee are so drunk, vee don’t know vere zay all are…"
Throwing money out the window--kinda like sponsoring some LGBT (or whatever the acronym is) parade. Waste of money.
I worked on the aircraft certification with an initial cadre and what a farce. I truly became convinced this was nothing more than a penny stock scheme.
An aircraft that was garbage, that we knew couldn't possibly pass certification. Doors would jam during evacuation demonstrations, pneumatic assist failure; and did I mention bounced pay checks but a corporate jet at the disposal of the CEO. Well, he magically ended up dead in his apartment. I'm sure that had nothing to do with Russian investors.
This spruce goose will never fly. Don't send them a penny! There is a filing with the SEC because we could all tell this pipe dream failure was never going to fly. It made more money not flying.
This project smelled of such deceptive interactions, including the local FAA FSDO, that the FAA elected to reassign some of the key inspectors.
There aren't even enough FLIGHT ATTEDNANTS LEFT to show up tomorrow and do any type of FAA demonstration. In fact, it would require an entire clas of new hires with initial training for weeks to even attempt the required drills.
@Frog: You are almost correct. It's not money laundering, just pure and flat-out fraud. Investment frauds are rampant in the airline industry. Not among the big players, but in the lesser, FAA Part 121/125 operators. They'll start an airline, get investors, fly as a charter service for another "airline." They'll do this for awhile, get more investor money, then bankrupt both airlines. The same people seem to be involved with these scams every few years when they come around.