Baltia: the oldest, newest airline that isn’t

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A great article on Baltia, the airline which has yet to take off on the long-promised route between New York and St Petersburg, carrying passengers and cargo. (According to one report, the airline initially appeared to have cargo revenue forecasts based on it carrying 180,000lbs per trip, with the potential of making $2m per week over the first year. It later said it was reviewing its cargo revenue prospects.) A penny stock, it has used up more than $35.5m in ...