North America

Baltia Air Lines Signs Letter of Intent to Lease Aircraft

Baltia
Baltia

Baltia Air Lines announced today that it has signed a letter of intent to lease a Boeing 767-300ER aircraft from Kalitta Air.

Baltia Air Lines President & CFO, Mr. Anthony D. Koulouris stated:

“I am very happy and pleased with this latest accomplishment as we embark on a new era. As we continue to move forward with my vision and plan of transforming our company, we are also in the process of re-starting the FAA Air Carrier Certification program.” Mr. Koulouris also stated

“Our re-structuring and re-branding continues as we strengthen our team as well as our current and new alliances.”

Capt. D. E. Kramer, Baltia’s Chief Pilot has extensive command experience on the Boeing 767, having operated scheduled air carrier service between New York, London Heathrow, and on to New Delhi, made the following statement:

“The Boeing 767-300ER is an outstanding choice of aircraft to operate between North America and Europe, and even to continue on to the Middle East region.”

Capt. Kramer also stated:

“Over the years this aircraft has proven a high degree of dispatch reliability, along with an available pool of flight crew members to adequately support the operation. The aircraft is also based from and flown throughout most regions of the world, thereby enhancing the technical support of most any proposed operation.”

Baltia’s Chief of Operations, Ms. Sheryle Milligan said:

“We are all excited about the new culture and strategies being implemented throughout the company. Utilizing the expertise and experience of our Executive Management Team has allowed us the opportunity to make changes that will prepare us not only for the completion of our Air Carrier Certification project but for future growth within the aviation industry. The input provided by our Executive Team which includes our 119 Managers and Members of the Board of Directors was instrumental in making the decision to move forward with the Boeing 767 aircraft. We are very fortunate to have a forward thinking executive team that has a demonstrated faith in our success which includes a strong commitment to our shareholders and employees.”

Plans to unveil the new company are still being finalized and will be made public during the next shareholders meeting. Announcement of the next meeting date will be made sometime in January 2017.

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