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Exchange listing for Baltia Air

Baltia Air Lines announced today that the company is now also listed on two European stock exchanges, Berlin (A0BLSD) and Frankfurt (B3A).“This will add another dimension to our US shareholder base and create a positive presence in Europe for us,” stated Igor Dmitrowsky, Baltia’s President.

Baltia, a new US airline headquartered at JFK, is planning to launch nonstop 747 flights between New York City and St. Petersburg, Russia in early summer 2006. The new airline will offer luxury service in first class, business, and coach, Dmitrowsky said.

“Our fares will be competitive with other airlines that fly to Europe; however, we are planning to take our passenger amenities and service to a new level of excellence.”

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995.

Forward- looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results in the future to differ materially from forecasted results.