Archive for the ‘Balatia Airlines BLTA’ Category

Baltia Air Lines Inc. (BLTA.OB) is “One to Watch”

Friday, October 12th, 2007

Balatia Airlines began as a company in 1989. The company is focused on providing scheduled air transportation. Two years after its beginning, the Department of Transportation granted the Company routes to offer non-stop passenger, cargo and mail service from JFK to St. Petersburg and from JFK to Riga, with online service to Minsk, Kiev and Tbilisi as well as back up service to Moscow.

With the exception of the JFK to Moscow route, there isn’t any other no non-stop air transportation service on the routes for which Baltia can reapply after financing. Baltia plans to supply full service and doesn’t intend to rely on only a few major customers. Baltia has two registered trademarks “BALTIA” and “VOYAGER CLASS” and other five trademarks subject to registration.

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Baltia Airlines (BLTA.OB) One to Watch

Monday, September 17th, 2007

Balatia Airlines was organized in the State of New York, August 24, 1989. Its objective is to provide scheduled air transportation from the U.S. to Russia, and former Soviet Union countries. In 1991, the Department of Transportation (DOT) granted the Company routes to provide non-stop passenger, cargo and mail service from JFK to St. Petersburg and from JFK to Riga, with online service to Minsk, Kiev and Tbilisi as well as back up service to Moscow.

For lack of sufficient working capital, the US Department of Transportation terminated the Company’s route authority without prejudice to reapply when financing was in hand. Since such time, Baltia has engaged in market research, operations development and planning, as well as activities to raise requisite funding. These costs are borne by Baltia shareholders and principals.

With the exception of the JFK – Moscow route, there exists no non-stop competitive air transportation service on the routes for which Baltia can reapply pending financing. Baltia intends to supply full service, i.e. passenger, cargo and mail, and will not be dependent upon one or a few major customers. Baltia has two registered trademarks “BALTIA” and “VOYAGER CLASS” and five trademarks subject to registration.

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