No, BACA — “The Air Charter Association” — headquartered in London is not the British Air Charter Association. Rather, it’s — and this is ever so Monty Python British — the Baltic Air Charter Association. Say what? BACA has nothing to with the Baltic Sea or Baltic countries of Lithuania, Latvia or Estonia. It is so named because it was started in the 1930s by the Baltic Exchange, a marine brokerage organization, to represent the needs of British air ...

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