Thursday, May 11, 2017

Proposed international airline plans for hub at Stewart International Airport (KSWF)

A proposed new international airline might make Stewart International Airport its main hub, with plans to operate transatlantic flights from the Newburgh, Orange County airport to select European countries.

USGlobal Airways — currently called Baltia Air Line, Inc. — is in the process of rebranding, according to a press release. Under prior management, the airline never received U.S. government certification to operate, but the company has undergone several corporate and operational changes, including new leadership.

Anthony D. Koulouris, CEO and president of the airline, said in the Thursday release that the company hopes “to receive U.S. government regulatory approval and certification in the not too distant future.”

“Today, our shareholders are meeting at Stewart Airport to approve certain key initiatives,” he said, “including a corporate name change and reverse stock split.”

It was new leadership, according to the release, that decided to pursue a hub at the Orange County airport that’s about 55 miles north of New York City.

The airline plans to lease a fleet of B767-300 aircrafts to carry passengers, cargo and mail between Stewart International and destinations like London, Paris or Barcelona.

The airport has the third longest runway in the U.S, according to the release, as well as a prime location at the crossroads of interstates 87 and 84.

“We have formed strategic business alliances with regional as well as local business partners and influential organizations,” Koulouris said. “One of our important corporate goals is to spur economic impact and development that will impact the population of approximately 16.5 million people who reside in a 62 mile radius of Stewart International Airport.”

Original article can be found here:   http://www.poughkeepsiejournal.com

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