JAMAICA, N.Y., Aug. 4 /PRNewswire-FirstCall/ -- JFK INTERNATIONAL AIRPORT -- Baltia Air Lines, Inc. announced today that they have executed a Letter of Intent for the purchase of a Boeing 747 aircraft. About Baltia Baltia Air Lines, Inc. is a New York corporation publicly traded under the symbol "BLTA" on the Over the Counter Bulletin Board, OTCBB. Baltia's base of operations is Terminal 4 at JFK International Airport in New York. Baltia's goal is to become the leading U.S. airline in the trans-Atlantic market between the major U.S. cities and the capital cities of Eastern Europe, including Russia, Latvia, Ukraine, and Belarus. This year Baltia Air lines has reached major milestones by receiving its Final Order from the United States Department of Transportation, its Frequency Allocation, FAA departure and arrival slots at JFK and its IATA Code Baltia's objective is to provide high quality three-class passenger service, and reliable cargo and mail transportation. Baltia plans to begin their foreign scheduled air transportation as the only U.S. airline, connecting directly, two of the world's most prominent cities -- New York and St. Petersburg. With experienced management, and in a lucrative and growing travel market, Baltia intends to soar to success. For more information on Baltia visit the company web site at: http://www.baltia.com/ Safe Harbor Disclaimer Statements 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. DATASOURCE: Baltia Air Lines, Inc. CONTACT: Barry Clare, VP Finance of Baltia Air Lines, +1-718-244-8880 Web Site: http://www.baltia.com/

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