UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-KSB
- Amendment No. 1 -
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997
BALTIA AIR LINES, INC. (Baltia)
(Exact name of registrant as specified in its charter)
STATE of NEW YORK 11-2989648
(State of Incorporation) (IRS Employer Identification No.)
63-25 SAUNDERS STREET, SUITE 7 I, REGO PARK, NY 11374
(Address of principal executive offices)
Registrant's telephone number, including area code: (718) 275 5205
Securities Registered: 12 G #O-28502,
SB-2 Registration Statement No. 333-20006-NY
The registrant hereby amends its previously filed annual report to include,
as an addition to the previous filing, the following Exhibit List and
related additional document submitted herewith as Exhibit 27, amending
PART III, Item 13 as follows:
PART III
Item 13. Exhibits and Reports on Form 8-K. Financial Statements;
Exhibits.
(a) List of Exhibits required by Item 601 of Regulation S-B
1. Exhibit 27 . . . . . Financial Data Statement
filed herewith and incorporated herein.
(b) No report has been filed on Form 8-K.
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Baltia Air Lines, Inc., Registrant
Date: 8-21-1998 _______________(SIGNATURE)__________________________
By: Igor Dmitrowsky, President
Date: 8-21-1998 _______________(SIGNATURE)__________________________
By: Walter Kaplinsky, Secretary
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-END> MAR-31-1997 JUN-30-1997 SEP-30-1997 DEC-31-1997
<CASH> 2,748 6,153 2,582 3,135
<SECURITIES> 0 0 0 0
<RECEIVABLES> 0 0 0 0
<ALLOWANCES> 0 0 0 0
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 2,748 6,153 2,582 3,135
<PP&E> 0 0 0 0
<DEPRECIATION> 0 0 0 0
<TOTAL-ASSETS> 2,748 402,243 398,672 3,135
<CURRENT-LIABILITIES> 2,614,065 843,572 908,812 940,044
<BONDS> 1,628,432 0 0 0
0 0 0 0
0 0 0 0
<COMMON> 435 488 488 245
<OTHER-SE> 1,648,797 5,846,199 5,856,199 5,846,442
<TOTAL-LIABILITY-AND-EQUITY> 2,748 402,243 398,672 3,135
<SALES> 0 0 0 0
<TOTAL-REVENUES> 0 0 0 0
<CGS> 0 0 0 0
<TOTAL-COSTS> 0 0 0 0
<OTHER-EXPENSES> 4,000 5,000 31,625 58,625
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 5,382 0<F1> 0 0
<INCOME-PRETAX> (16,373) (43,646) (112,458) (143,137)
<INCOME-TAX> 0 0 0 0
<INCOME-CONTINUING> 0 0 0 0
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> (16,373) (43,646) (112,458) (143,137)
<EPS-PRIMARY> 0 (.01) (.02) (.06)
<EPS-DILUTED> 0 (.01) (.02) (.06)
<FN>
<F1>Accrued interest expense was waived. See Notes to Financial Statement.
</FN>
</TABLE>