USGlobal Airways: Baltia Airlines Slapped With $22 Million Judgement, Largest Shareholder Arrested

Baltia, the nearly 30-year-old "startup" US airline that has never flown a single commercial flight, was slapped with a $22 million default judgement, and its largest shareholder was arrested on financial fraud charges, newly surfaced legal documents show. The judgement comes after almost three decades of complicated and sketchy financial maneuvering from Baltia. Initially, the ...