(RTTNews) -  Baltia Air Lines, Inc. (BLTA.OB: News ) announced that it has taken delivery of its first Boeing 747 aircraft. The purchase of the aircraft, which was paid for in full, is a major event for us. Baltia's Executive Vice President Russell Thal stated, "to date, Baltia Air Lines has no debt, and we intend to expand our fleet using revenues generated once we start flight operations."

Baltia Air Lines, Inc. is a New York corporation with base of operations in Terminal 4 at JFK International Airport in New York. Today, after JetBlue and Virgin America, Baltia Air Lines is the only new start-up United States Part 121 airline in existence that has received Department of Transportation approval.

Click here to receive FREE breaking news email alerts for Baltia Air Lines Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com