John Good Shipping launches air freight division headed by Ed Clarke
John Good Shipping, one of the UK’s oldest ship agencies and forwarding companies, has launched ...
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By Alex Lennane
Baltia, the airline which has been trying to launch New York-St Petersburg services since 1989, has hit back at accusations that its shareholders are unhappy with progress.
Barry Clare, vice-president finance, has revealed to The Loadstar that the carrier hopes to launch a route by the end of September.
“Our captains, first officers and flight engineers are in training, our dispatchers are in training and our cabin crew has been selected, drug-tested and will be sent to training shortly. The airplane is ...
Comment on this article
Mike
June 17, 2014 at 6:56 pmThis is complete nonsense. A 35 year old aircraft – routes that are suited by volume to a B737 (some B737MAX will actually be used on Denmark to US Eastcoast routes) and this quote unquote airline claims there is a market?
For some 20 years they tried to get a 121 certificate and DOT authorization – while at the same time other start-up carriers became certified within a year. There is no demand in that market. Large airlines have market research analysts and they would certainly tap a market if there was one.
Maverick
June 18, 2014 at 1:12 amLarge airlines, large banks, large utilities, all parallel federal government-style inefficiencies and fiscal waste. True American dream business is what Baltia represents… determination, grit, hard work, niche service… this equals success in the making and unfolding right before our eyes in a storybook movie like fashion and surely to reward the bold visionaries.
anthony macchia
June 18, 2014 at 3:54 amI see you are really wasting your time….commenting on Baltia Airlines, get a life. I’m a shareholder and I am going to find this post one year from now and laugh at you in pity.
Diablos
June 30, 2016 at 2:16 amLMFAO…… so it’s this Scam flying now? NO…….. stock priced at ZERO….. I guess tha Scam has finally crashed before takeoff…. gee what a surprise!
Mike
June 17, 2014 at 10:42 pmThe niche aspect of Baltia’s business is what could likely make it a huge success story. I have been following Baltia for some time, and I have to say that it’s getting buzz on social media and various news outlets. People are buying shares before they get approval to start selling tickets, it seems like a big day is getting closer!
Sean
June 18, 2014 at 5:35 pmMike,
You do realize that even the B73-MAX only has a 3,600NM range – the B73-9ER goes 3,200NM. Which 73s are you referring to? Buying a 74 Classic saves them from having to buy a newer ETOPS bird which they would pay MUCH more to own. And yes, they OWN the airplane.
Sean
Tony
June 23, 2014 at 1:35 amBaltia – what a joke! It will not be able to move the amount of cargo it says. The engines it owns and are to be hanged in the 35-year old 747 are P & W A engines, which restricts the take-off weight by one hell of a lot. Better sell your stock if you can.
JOHN
July 03, 2014 at 7:18 pmBankruptcy within a year. If there was a market on this route Delta, Fedex and UPS would have saturated it by now.
Nick
July 18, 2014 at 2:27 pmJohn’s statement is silly – those carriers don’t fly in every profitable market in the world.
Why does McDonalds keep making $$ in new locations? Because they see where a need is, and fill it. That is called progress – if we didn’t do it, nothing new would ever be done.
CrewZen
July 18, 2014 at 3:08 pmAnthony, Don’t worry about all these “experts” who comment here. It’s easy to be a desk chair QB armed with a keyboard, (Insert snoring here) There will be a good time to cash in that stock. They think all big companies have it all thought out. Insert Ford, Honda & GM. It’s a good thing Elon Musk thought differently. Don’t laugh in pity, laugh on the way to the BANK! like I have, buying Tesla and Baltia.Time is always the great equalizer. Cheers!!
Nick
September 10, 2014 at 4:21 pmAside from what passengers and Cargo the airline can and cannot hold, there is a bigger event.
The next world cup is in Russia, specifically Moscow and St. Peterspurg. It doesn’t matter whether the airline industry is saturated or not, huge events like the world cup tend to bring in a lot of money for everyone. If you look at GOL, the Brazillian airline, it started out small and by the time the world cup came around it was selling at nearly $7/share. If Baltia can secure some kind of exclusivity or sponsorship, along with it being the main airline to go to St. P’s, then it could rise to $10 or $13 or more by 2018 world cup. At nearly 2 cents a share, it could be the deal of a lifetime. Heck, these huge airlines such as Delta, AAL, and others may even compete to purchase all or part pf Baltia or invest in it at least. Last year, KLM and Delta purchased part of GOL, if my memory service me correctly, to cash in on revenue leading to the world cup held in Brazil two months ago. They made good money out of that investment. So while the road to success was extremely slow for Baltia, but it is a road to success nonetheless