For a long time Baltia Air was known as the joke airline of the industry.
The company was registered for 27 years and owned one of the biggest jets in the world but it never flew a passenger, sold a seat or delivered any cargo. It was even forced to sell its only plane - a Boeing 747 - in 2016.
But now, Baltia Air is rebranding as USGlobal Airways and, according to its website, hopes to become America's "premier international and customer-centric carrier".
While Baltia Air was based at John F Kennedy Airport, USGlobal Airways has relocated to at Stewart International Airport, a northerly suburb of New York City.