NEW YORK, June 30, 2011 /PRNewswire/ -- Baltia Air Lines (OTCBB: BLTA) -- Russell Thal, Executive Vice President, stated today, "Baltia has entered into a five-year lease agreement with Japan Airlines Management Corp (JMC) to lease office space for Baltia's headquarters. Baltia's new headquarters, which used to be the headquarters for JAL, are five times larger than our current office space and the space was needed as we gear up for flight revenue service. The new office is equipped to house the entire company, including our reservations and operations control." Mr. Thal further stated, "In conjunction with the new headquarters we are also leasing from JMC our own maintenance facility located adjacent to our new Headquarters. We are retaining the station office at Terminal 4 for passenger service."
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 DisclaimerStatements 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.