Tag Archives: Baltia Air Lines

Baltia Air Lines to become USGlobal Airways and fly to Europe from Newburgh, NY

USGlobal Airways, a proposed new U.S.-based international airline, on May 11, 2017 announced its intention to operate transatlantic passenger flights between Stewart International Airport and selected European countries covered by the US-EU Open Skies Agreement.

Under prior management, USGlobal Airways (which is currently called Baltia Air Lines, Inc., but is in the process of rebranding) never received U.S. government certification to operate. During 2016, the company underwent significant corporate and operational changes, including new leadership that has made the very significant decision to hub its operation at Stewart International Airport (SWF), approximately 55 miles north of New York City.

Located in Newburgh, N.Y., Orange County, Stewart International Airport is operated by the Port Authority of New York & New Jersey and caters to a large and affluent demographic that resides in New York City, the Mid-Hudson New York region, Western Connecticut, Northeastern Pennsylvania and Northern New Jersey. Stewart International Airport boasts the third longest runway in the United States, shares its runway with the U.S. Air Force National Guard, and operates as a general aviation and cargo facility thanks to its prime location at the crossroads of Interstate Highways 87 and 84.

USGlobal Airways plans to lease a fleet of Boeing 767-300 aircraft which will carry passengers, cargo and mail between Stewart International Airport to such possible destinations as London, Paris, Barcelona, Nice, Naples, Athens, Warsaw, Budapest, Prague, St. Petersburg and Tel Aviv.

Update: On July 24, 2017 announced it intention to acquire the assets and AOC of Songbird Airways and assume the lease of its Boeing 737-400:

In keeping with my commitment to provide you with quarterly updates on our progress, I am happy to report several accomplishments we have made since last quarter, continuing USGlobal’s transformation and our work to fulfill our goal of being fully operational by the end of 2017. Under our current management team, our priority will be that all material information, good, bad or indifferent, will be disclosed in a timely and legally compliant manner. Towards that end, I hope you find this update informative and helpful.

On May 11, 2017, our board and executive management team members had the privilege of meeting many of you at our special meeting of stockholders and press conference at our new home at Stewart International Airport in Orange County, NY. Many of you voted in person to amend our certificate of incorporation to change our corporate name to “USGlobal Airways, Inc.” and also to effect a reverse stock split of our company’s capital stock. At this time, I am happy to announce that both resolutions were passed with your support. Thank you! We hope to formally change our corporate name and implement the reverse stock split when we obtain regulatory approval to list our common stock on the OTCQB Market, which we hope will occur during the current fiscal quarter.

At the meeting we also announced that we entered into an engagement agreement with GBH CPAs, PC, pursuant to which GBH will serve as our company’s registered independent public accounting firm and will conduct audits for our 2015 and 2016 fiscal years. Getting these audits done and providing the related information to the market is also a major priority for us as this, along with the reverse stock split, when implemented, will set the stage for our becoming a fully reporting, fully trading public company.

In June, our board concluded that the audited financial statements for the fiscal year ended December 31, 2015 should no longer be relied upon. This was following an extensive review by our new management team and its advisors of the company’s corporate and financial reporting processes. Through this process, we became aware of numerous discrepancies, including, for example, an aircraft engine lease agreement the old Baltia had entered into with Logistic Air, Inc. in 2010. We also determined that the company’s previous independent auditors failed to properly account for the payments purportedly due to Logistic Air. As such, and as part of our overall turnaround, we have concluded to restate our financial statements for 2015 and 2016 to correct all accounting and disclosure errors and along with our advisors and new auditors are working as expeditiously as we can to complete this review. Taking the time to do this properly has caused unfortunate and frustrating delays, for many of you and for us, but we want you to know that we are committed to getting this right, putting the past behind us, and moving forward with correct historical financial statements as well as improved accounting and financial systems and controls which will be the bedrock of our operations.

As we have worked to fix the challenges of the past, we have also worked to move towards the future with our business plan of becoming an international passenger airline with cargo, mail and charter capabilities. Obtaining FAA carrier certification is the key to our plans, and on June 15, 2017, we entered into a non-binding letter of intent with AerLine Holdings, LLC for the exclusive right to acquire Songbird Airways, Inc. for an aggregate purchase price of $6,200,000. We made a good-faith deposit of $1,000,000 and we recently signed and submitted a formal, definitive purchase agreement to complete the acquisition. Songbird currently has FAA certification, and in addition, a lease agreement for the existing Boeing 737-400 aircraft previously operated by Songbird is currently being negotiated. We have concluded our due diligence review of Songbird and have already confirmed the current status of Songbird’s FAA and DOT certificates. Members of our executive management have had several meetings as well as continued communications with representatives from Songbird and the FAA. We are working to close this acquisition on or before September 15, 2017. This acquisition would be important because it would allow our company to initiate revenue operations immediately by utilizing the same aircraft and air carrier certificate previously operated by Songbird. It also adjusts our business plan to have an initial focus on the Caribbean Islands as well as various domestic and international charter opportunities. Our longer term goal remains a vision to serve unserved and underserved markets between the United States and prospective destinations in the EU and the Middle East, and we plan on phasing in the Boeing 767-300ER aircraft to accommodate this strategy.

In an effort to expand our fleet, in May, we entered into an Aircraft Lease Agreement with Kalitta Air, LLC. to lease a Boeing 767-300ER aircraft which will be equipped for worldwide geographical operations. Although the original plan was to take delivery of the aircraft no later than July 30, 2017, we have made a business decision to delay delivery of this aircraft due to the Songbird acquisition. It is our intent to bring the 767 online sometime in 2018 and commence service to Europe and the Middle-East.

Also in June, we appointed Ambassador Ned L. Siegel as a Director of our company. Ambassador Siegel, has had a long and distinguished career as a senior U.S. government official and over 30 years of business experience. He was appointed by then President George W. Bush as the U.S. Ambassador to the Commonwealth of the Bahamas from October 2007 to January 2009. Ambassador Siegel’s vast experience and his unique set of skills set him apart as a trusted and respected advisor and we are honored to have him on our team.

 

Advertisements

Baltia Air Lines signs a LOI to lease a Kalitta Air Boeing 767-300 ER

Baltia Air Lines logo

Baltia Air Lines Inc., (Ypsilanti and New York-JFK) has announced it has signed a letter of intent (LOI) to lease a Boeing 767-300 ER aircraft from Kalitta Air, LLC. The terms of this lease and details of the aircraft will be disclosed in a subsequent filing with the SEC.

The would be carrier is in process of re-starting the FAA Air Carrier Certification program.

Plans to unveil the new company are still being finalized and will be made public during the next shareholders meeting. Announcement of the next meeting date will be made sometime in January 2017.

Baltia Air Lines’ founder and CEO Igor Dmitrowsky dies

Mr. Igor Dmitrowsky (PRNewsFoto/Baltia Air Lines, Inc.)

Mr. Igor Dmitrowsky (PRNewsFoto/Baltia Air Lines, Inc.)

Baltia Air Lines (New York-JFK and Ypsilanti-Willow Run) the on-going, would-be international airline, has lost its founder and driving force. The company was currently undergoing FAA air carrier certification. The company issued this statement:

Baltia logo

Baltia Air Lines, Inc. (BLTA) Management releases the following statement: It is with great sadness that we announce the passing of Baltia’s Founder, President and CEO, Mr. Igor Dmitrowsky. Private arrangements are currently being made.

Baltia’s EVP Mr. Russell Thal is currently acting President. Baltia’s Board of Directors and Management are meeting to ensure a smooth and seamless transition. Please respect our wishes as we grieve and deal with this sudden loss. Mr. Dmitrowsky’s legacy will not be forgotten as we complete the final stage of the air carrier certification program.

Photo: Baltia Air Lines/PR NewsFoto.

AG Full screen views

Baltia Air Lines enters Phase III of the FAA Air Carrier Certification

Baltia 747-200B N706BL (11)(Grd) YIP (Baltia)(LRW)

Baltia Air Lines (Ypsilanti-Willow Run) has been documenting each step of its long FAA Part 121 certification process. The proposed airline was planning to operate from the United States to the Baltic region, especially St. Petersburg, Russia with a former Northwest Airlines Boeing 747-251B (N706BL, msn 21705). However given the current tensions with Russia over the Ukraine, that business plan may be evolving as this press release now only mentions Europe. The prospective airline has issued this update:

Baltia Air Lines (BLTA) announced on October 10 that it has entered into Phase III of the FAA Air Carrier Certification.

Phase III consists of the Table Top Exercise, Mini-Evacuation Demonstration, and Proving Flights. “Passing through Phase II was a major accomplishment in the Certification Process,” stated Sheryle Milligan, Chief of Operations.

Baltia Air Lines is America’s newest airline, currently undergoing Air Carrier Certification. Baltia’s principal base of operations is at Willow Run Airport, Michigan. Upon Certification, Baltia will operate Boeing 747 aircraft across the Atlantic, from the U.S. nonstop to Europe.

This service is subject to receipt of government operating authority.

Photo: Baltia Air Lines.

BALTIA AIR LINES, INC. LOGO

Baltia Air Lines is still in the FAA certification process

Baltia 747-200 N706BL (11)(Tail)(Baltia)(LRW)

Baltia Air Lines (Ypisilanti) has been one of the longest-running start-ups in U.S. aviation history. The company acquired former Northwest Airlines/Kalitta Air Boeing 747-251B N706BL (msn 21705) on December 9, 2010 and has been proposing scheduled airline service from New York (JFK) to the Baltic region, especially St. Petersburg, Russia for several years. With the invasion of Crimea by Russia, is this route still viable for tourism?

Baltia Air Lines Route Map

 

Route Map: A previously proposed route map.

Each step in the certification process has been well documented by the upstart. Here is the latest press release:

BALTIA AIR LINES, INC. LOGO

Baltia Air Lines announced yesterday (April 4) that its Boeing 747 aircraft has entered scheduled maintenance inspection in preparation for its operations. Baltia is America’s newest airline currently undergoing air carrier certification. Baltia’s base of operations is at Willow Run Airport in Ypsilanti, Michigan.

On their website, the company describes itself:

Baltia Air Lines, Inc. (BLTA) is a New York corporation headquartered at JFK International Airport in New York with a base of operations at Willow Run Airport outside of Detroit, Michigan. Baltia’s goal is to become the leading U.S. airline in the trans-Atlantic market between the major U.S. cities and capital cities of Eastern Europe, including Russia, Latvia, Ukraine, and Belarus.

Baltia will provide high quality three-class passenger service, and reliable cargo and mail transportation.

All images courtesy of Baltia Air Lines.

 

Baltia Air Lines’ first Boeing 747 is painted and flying

Baltia Air Lines (New York-JFK) has been one of the longest-running start-ups. The company has painted its first Boeing 747. Formerly operated by Northwest Airlines as N623US, 747-251B N706BL (msn 21705) has become the first aircraft for the new airline now undergoing FAA certification.

Once the Part 121 AOC is obtained, the airline intends to inaugurate nonstop passenger service from New York (JFK) to St. Petersburg, Russia. Baltia plans to expand later to Moscow, Kiev, Riga, and Minsk.

Route Map:

 

Copyright Photo: Baltia Air Lines.

Baltia Air Lines first Boeing 747 enters into maintenance

Baltia Air Lines (New York) announced yesterday (March 15) that its first aircraft, ex-Kalitta/Northwest Boeing 747-251B N706BL (msn 21705, ex N623US), has entered into required maintenance at the Kalitta Air maintenance facility in Oscoda, Michigan.  Baltia acquired the aircraft on December 9, 2010.

Baltia is the long-running start-up. Baltia’s goal is to become a new airline operating in the trans-Atlantic market between the major U.S. cities and capital cities of Eastern Europe, including Russia, Latvia, Ukraine and Belarus. Baltia intends to provide three-class passenger service, cargo and mail transportation. Baltia plans to begin their scheduled air transportation as the only U.S. airline, connecting New York and St. Petersburg, Russia on the Baltic Sea (hence the name).

Baltia Air Lines video on YouTube: