Destinations 0 Headquarters United States of America Number of employees 3 | Website www.baltia.com Founded 24 August 1989 Fleet size 1 | |
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Key people Igor Dmitrowsky 1954-2016 (founder) Stock price BLTA (OTCMKTS) US$ 0.00 0.00 (+21.43%)28 Feb, 4:00 PM GMT-5 - Disclaimer | ||
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Baltia Airlines is a proposed American airline that has been proposing to operate flights from New York City to the Soviet Union since 1989.
Contents
History
Baltia Airlines was founded in August 1989 by Igor Dmitrowsky in New York City with the aim of operating flights from John F. Kennedy International Airport to the Soviet Union. In 1991 it was given authority by the US Department of Transportation to operate from New York to Leningrad and Riga.
In 1996, Baltia gained authority to operate flights from New York to St Petersburg. In 1998, Baltia put a deposit down on an ex Cathay Pacific Boeing 747-200. However the airline did not have enough capital to start flying and the United States Department of Transportation revoked its route authority. In 2007, Baltia received more capital and once again filed to fly from New York to St Petersburg. It is listed on the OTC Bulletin Board.
In July 2009 a former Pakistan International Airlines Boeing 747-200 was purchased without engines. In 2011 a former Northwest Airlines Boeing 747-200 was purchased and painted in Baltia's livery. The former was laid up at Sultan Abdul Aziz Shah Airport in Malaysia where it was later scrapped, the latter at Oscoda–Wurtsmith Airport in Michigan.
In October 2015, Baltia again applied to the United States Department of Transportation to operate services. In March 2016, Baltia announced it had decided not to use the Boeing 747-200, but lease a more modern plane. In December, 2016, Baltia signed a letter of intent with Kalitta Air, LLC to lease one Boeing 767-300ER.
Anthony D. Koulouris, is currently acting President. Igor Dmitrowsky forwent his CEO job at the end of 2015 before being charged by US Securities and Exchange Commission.
In August 2016, Baltia vice president of finance Barry Clare reached a settlement with the SEC for charges relating to the selling of shares. Clare took USD988,277.30 of compensation from Baltia for selling USD26,000,000 worth of shares, for a total settlement of USD1,072,607.33.