Baltia Air Lines Signs Agreement With CP Capital Securities, Inc.
JAMAICA, N.Y., July 26, 2016 (Newswire.com) - Baltia Air Lines, Inc. (Ticker Symbol “BLTA”) announced today that it has signed an agreement with CP Capital Securities, Inc. 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.
"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."
Mr. Russell Thal, Baltia President
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.”
About CP Capital Securities, Inc.
CP Capital Securities is a financial services firm serving clients worldwide with access to innovative financial solutions and commitment to excellence. As a fully service broker-dealer and investment adviser, CP Capital offers a full complement of wealth management and capital markets services to private clients and institutional clients.
CP Capital’s banking executives have acted as arrangers and advisors on various global and cross-industry capital market transactions throughout their careers. These executives come from large corporate & financial institutions, where they adopted financial best practice policies as well as learned to devise innovative solutions to major corporate challenges.
CP Capital’s Investment Banking division focuses on providing advisory services to growth oriented companies. The group’s structuring capabilities are focused on addressing and providing innovative solutions to complex issues and challenges for clients across the globe. Our Investment Banking team specializes in tailoring efficient and cost-effective corporate finance solutions, from restructuring balance sheets, financial restructuring, to M&A and other value-added services.
Baltia Air Lines, Inc. is a New York corporation with headquarters in Terminal 4 at JFK International Airport in New York and a base of operations at Willow Run Airport in Ypsilanti, MI. Baltia’s goal is become a U.S. airline serving the international market between the U.S and cities that participate under an Open Skies Treaty/Agreement. Baltia’s objective is to provide quality passenger service, 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, Russia.
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.
For more information on Baltia visit the company web site at: www.baltia.com.
William E. Kassar, Jr.
Director, Investor Relations
Baltia Air Lines
JFK - (718) 917-8052
Mobile – (516) 375-9130
Source: Baltia Air Lines, Inc.