8-K Baltia Buys Staff Plane
Item 2.01. Completion of Acquisition or Disposition of Assets
On May 14, 2013, Baltia Air Lines acquired and filed with the Federal Aviation Authority the purchase of one Cessna Citation aircraft, which the Company intends to use for its continuous staff travels between operations offices at John F. Kennedy Airport and Willow Run Airport. The aircraft was purchased from Transportation Plus, LLC, a Wyoming-registered company, not affiliated with any of Baltia's officers, directors, or associates. Baltia issued 15,000,000 of the Company's common shares, valued at $300,000, for the aircraft. The value is calculated by multiplying the amount of shares by $0.02, the market share price as of the date of registration with FAA. Baltia believes that this purchase will promote efficiency and economy throughout the certification process.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Baltia Air Lines
/ ____signed___ /
Igor Dmitrowsky
President
May 21, 2013
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