BALTIA AIR LINES, INC. (OTCMKTS:BLTA) Files An 8-K Other EventsItem 8.01 Other Events.
On January 27, 2017, Baltia Air Lines, Inc. (the “Company”) entered into a settlement agreement with the Federal Aviation Administration (the “FAA”), to which the Company agreed to withdraw its prior pending application for the issuance of an air carrier certificate and the FAA agreed to withdraw its Notice of Proposed Denial of such certificate from November 2015. On February 6, 2017, the Company submitted a new application for the issuance of an air carrier certificate. The FAA has agreed to give priority consideration to the Company’s new application, and to the extent applicable, the FAA has also agreed to take into consideration the submission activities conducted by the Company in connection with its March 2013 application, and apply such activities to the new application.
About BALTIA AIR LINES, INC. (OTCMKTS:BLTA)
Baltia Air Lines, Inc. (Baltia) is a development-stage company. The Company provides scheduled air transportation from the United States to Russia, the Baltic States and the Ukraine. Baltia is in Phase III of the FAA Air Carrier Certification. The Company has two trademarks: Baltia and Voyager Class. Baltia intends to commence scheduled non-stop service from its Base of Operations at Terminal 4, JFK Int’l Airport in New York to Pulkovo II Int’l Airport of St. Petersburg. The Company intends to provide nonstop passenger, cargo and mail service from JFK to St. Petersburg and from JFK to Riga, with online service to Minsk, Kiev and Tbilisi, as well as back up service to Moscow. It intends to operate as a Part 121 carrier, a heavy jet operator. Baltia intends to start the JFK-St. Petersburg service with one round-trip flight per week, then increase the frequency to over three round trips, and then to approximately five round trips. BALTIA AIR LINES, INC. (OTCMKTS:BLTA) Recent Trading Information
BALTIA AIR LINES, INC. (OTCMKTS:BLTA) closed its last trading session up +0.00020 at 0.00170 with 11,600,612 shares trading hands.