Baltia Air Lines announced today that it has signed an agreement with CP Capital Securities to serve as financial advisors and to provide innovative financial solutions to Baltia Air Lines in order for Baltia to continue with FAA Air Carrier Certification and to secure aircraft.
Per the terms of the agreement CP Capital Securities shall advise and assist Baltia in negotiating the terms and conditions of any transaction and perform such other financial advisory services as CP Capital Securities and Baltia may from time to time agree upon.
Baltia’s President, Mr. Russell Thal stated:
“We look forward to working with CP Capital so that we can complete the FAA Part 121 Air Carrier Certification. I also want to thank all of our employees and shareholders for their support while our finance team worked diligently locating a firm such as CP Capital Securities to provide the advisory platform necessary to getting us back on track to complete all of the necessary tasks needed to obtain our certificate and begin flight revenue service.”