Wednesday, July 11, 2018

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US Global still hopeful; another board member quits

STEWART AIRPORT – Baltia Airlines, the parent company to US Global Air Lines, based at New York Stewart International Airport, still has yet to file any updated documents with the SEC since its last filing in the first quarter of 2016. As a result, last month the federal agency revoked the airline’s ability to offer stocks.

Despite that major stumbling block, “the company continues to pursue its objective to launch the airline,” spokesman John Lampl told Mid-Hudson News by email.

New York Stewart General Manager Ed Harrison remains optimistic about the start-up airline’s future.

“I haven’t heard too much. We are still rooting for them,” Harisson said. “They still have an office presence in Atlantic Aviation and we are still hopeful for them.”

Meanwhile, a member of the Baltia Board of Directors has resigned from his post.

According to a filing with the SEC, Ned Siegel resigned effective June 29. The notice stated that his stepping down “was not a result of any disagreement with the company on any matter related to its operations, policies or practices.”  He was appointed to the airline board on June 19, 2017.

Siegel served as US ambassador to the Commonwealth of the Bahamas from October 2007 to January 2009. He was also appointed by President George W. Bush to serve under Ambassador John Bolton at the United Nations in New York, serving as senior advisor to the US Mission and as the US representative to the 61st Session of the United Nations General Assembly. Prior to his ambassadorship, Siegel was appointed to the Board of Directors of the Overseas Private Investment Corporation.

In February of this year, Walter Kaplinsky resigned as corporate secretary and two weeks earlier Mario Conte stepped down as interim CFO to be replaced by Michael Jordan as the new CFO.

 


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