Baltia Air Lines Inc. (fka BLTA)

[izzzzzieeeee]

"On March 31, 2013 the note payable to Eastern Construction & Electric, Inc. was modified as to the repayment of the note. The repayment was modified to read "Company will repay the principal amount of $1,150,000 to lender on or before the second anniversary of the date upon which the company commences its revenue flight operations.

The Company will pay accrued interest to date on or before the first anniversary of the date upon which the Company commences its revenue flight operations." All other terms of the agreement remain the same"

source: Q2 2015 10Q (most recent 10Q)

This statement totally expects to be an airline company and the party that agreed to the modified repayment date must also expect this international sub-penny airline stock to be fully operational very soon.

If the note holder has that much confidence in the revenue flight, inaugural flight, we should too. IMHO