Baltia Air Lines Inc. (fka BLTA)

[mysterymeat]

Oh no, the engine lease could turn into Toxic financing. Why haven't they been paying? What has Igor been doing with all of the millions of dollars from the Baltiaware Private Placement parties?

3. As Lessee has been unable to meet its agreed upon payment obligations per the terms of the Agreement between the Parties....

5. At any point in time Lessor may at its Sole discretion offer Lessee discounts for past due amounts, or accept a combination of Stock and cash payments in exchange for Lessee settling its past due balances in an expeditious manner. Nothing herein obligates Lessor to provide any such discounts or accept Lessee stock as a form of partial payment for outstanding balances of Lessee. Such an action is at the sole discretion of Lessor, with no obligation on the part of Lessor to make such offers.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10161518