Baltia Air Lines Signs Agreement with EKN Financial Services

Aug 25, 2010, 13:19 ET from Baltia Air Lines, Inc.

JAMAICA, N.Y., Aug. 25 /PRNewswire-FirstCall/ --- JFK INTERNATIONAL AIRPORT -- Baltia Air Lines, Inc. (OTC Bulletin Board: BLTA) announced today that it has entered into an agreement with EKN Financial Services, Inc. EKN Financial Services has committed to raise, on a best efforts basis, up to $4 million in private equity capital for Baltia Air Lines.

About Baltia Air Lines, Inc.

Baltia Air Lines, Inc. is a New York corporation with base of operations in Terminal 4 at JFK International Airport in New York. Today, after JetBlue and Virgin America, Baltia Air Lines is the only new start-up United States Part 121 (heavy jet operator) airline in existence that has received Department of Transportation approval. Baltia's goal is to become the leading U.S. airline in the trans-Atlantic market between the major U.S. cities and capital cities of Eastern Europe, including Russia, Latvia, Ukraine, and Belarus. Baltia intends to provide high quality three-class passenger service, and reliable cargo and mail transportation. Baltia plans to begin their foreign scheduled air transportation as the only U.S. airline, connecting directly, to two of the world's most prominent cities -- New York and St. Petersburg.

For more information on Baltia visit the company web site at:

About EKN Financial Services, Inc.

EKN Financial Services, Inc. (EKN) is a New York based investment boutique designed to meet the varied needs of institutional and individual investors in today's highly volatile markets. It was founded by a team of Wall Street Professionals with more than three decades of financial experience. The firm is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SiPC).

EKN will typically facilitate debt and equity financing for emerging growth and medium sized companies seeking financing of up to $75 million. EKN's senior investment bankers have established relationships with a full array of Wall Street firms as well as private equity firms, senior and subordinated lenders and hedge funds, providing our clients with a broad range of financing options and solutions. Over the years EKN's senior bankers have raised over a billion dollars of capital for domestic and international companies via public and private equity and debt financing.

For more information on EKN visit the company website at

D.O.T. Regulatory Disclaimer:

Baltia is a U.S. startup airline. No ticket sales are currently available. This service is subject to receipt of government operating authority.

Safe Harbor Disclaimer

Statements about Baltia Air Lines' future expectations, including without limitation, future revenues and earnings, plans and objectives for the future operations, future agreements, future economic performance, operations and all other statements in this press release other than historical facts are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Baltia Air Lines intends that such forward-looking statements be subject to the Safe Harbors created thereby. Since these statements involve risks and uncertainties, including but not limited to economic competitive, governmental, contractual and technological factors affecting Baltia Air Lines operations, markets and profitability, actual results could differ materially and adversely from the expected results.


Barry Clare

VP Finance

Baltia Air Lines

(718) 751-3600

David A. Ragone

Managing Director

EKN Financial Services, Inc.

135 Crossways Park Drive

Woodbury,NY 11797

Office: 516-396-1236


SOURCE Baltia Air Lines, Inc.