Originally Posted by
khaki
Baltia has a lease agreement with Kalitta to lease a 767. It's to be delivered by the end of the month.
From Baltia's SEC 8k:
On May 9, 2017, Baltia Air Lines, Inc. (the “Company”) entered into an Aircraft Lease Agreement (the “Agreement”) with Kalitta Air, LLC (“Kalitta”), pursuant to which the Company will lease a Boeing 767-300 model aircraft from Kalitta. Such aircraft will be equipped for worldwide geographical operations. The Company will take delivery of the aircraft no later than July 30, 2017 for a term of 24 months unless Kalitta recalls the aircraft for conversion from passenger use to cargo. The Company intends to use this aircraft to obtain its Air Carrier Certification with the Federal Aviation Administration, which is currently in process.
Anyone know anything about this?
Yep, Connie is leasing this failed airline a plane to suck money out of them. The only reason the news keeps surfacing is people are trying to pump up the sub penny stock in hopes that it'll make them rich.