 The planned and required 24,000 shares (i.e.the then six million dinars required to purchase aircraft) by the end of March 1927, there were subscribed and paid only about 10% of the shares, which, in accordance with the law of joint stock companies, threatened Aeroput to be abolished.Aeroput director and co-founder, aeronautical engineer Tadija Sondermajer, a reserve colonel in the Royal Yugoslav Army Air Force and the most prominent figure in the civil aviation of Serbia and the Kingdom of Yugoslavia at the time, suggested that along with Russian pilot Leonid Bajdak, they flew an intercontinental flight from Paris to Bombay.