Baltia Air Lines, Inc. – Getting Closer to Take Off

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Shares of BLTA seem to be waiting for the Airline Startup company to execute its plan. Currently there are no direct flights from JFK International Airport, New York, to Pulkovo International Airport, St. Petesburg, Russia.

Baltia Air Lines, Inc., intends to offer non-stop service from New York to St. Petersburg. The company was founded in 1989 and is headquartered in Jamaica, New York.

For the past three years, the company has been building the infrastructure to allow the beginning of flight operations. In the last quarter of 2010, a new Boeing 747 aircraft was purchased from Kalitta Air. Liability insurance and flight risk insurance worth millions have been purchased as well as required for a US airline by the DOT regulation. Crewmembers were trained in the company’s state of the art facilities in Michigan.

Baltia’s ambitious plans go beyond the JFK-Moscow route. Once this happens, the airline hopes to establish itself as the leading non-stop carrier over the North Atlantic, expanding its route network to Russia, Latvia, Ukraine, and Belarus as well.

Flights that today could take up to 18 hours from JFK could be completed in about 8 hours.

This is a capital-intensive start-up company that will require time and high demand in order to shift its balance sheet to green. Only then shares may reach new levels. However, expectations are high for the $92M market cap company while an average of 4.3 million shares have been trading hands on a daily basis.

Shares are currently trading near the bottom at $0.024. Nevertheless, traders who bought BLTA in the beginning of June are still enjoying north of 150% in price appreciation.

Stocks trading near zero levels are usually seen to be extremely risky and unpredictable. On the other hand, they also allow a more calculated downside risk for investors who are willing to take it for the possibility of gaining a massive profit in a relatively short period of time.

Stock Current Performance

BLTA - Baltia Air Lines Inc / Current 0.0231 / High 0.04 / Low 0.01

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