JAMAICA, N.Y., Jan. 20 /PRNewswire-FirstCall/ -- Baltia Air Lines announced today that it has signed an engine lease agreement with Logistic Air.
Baltia's executive vice president Mr. Russell Thal stated, "The power-by-the-hour engine lease agreement is the most economical way for a start-up carrier to operate its aircraft and reduces its expenditures and risks. The agreement with Logistic Air includes support."
Baltia Air Lines, Inc. (OTC Bulletin Board: BLTA) 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 is 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, two of the world's most prominent cities -- New York and St. Petersburg.
For more information on Baltia visit the company web site at: www.Baltia.com
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.
Baltia Air Lines
SOURCE Baltia Air Lines, Inc.