BlackPoll Fleet International (BPOL) 10-Q 3 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jul. 31, 2015	Nov. 03, 2015
Document Information [Line Items]
Entity Registrant Name	BLACKPOLL FLEET INTERNATIONAL, INC.
Entity Central Index Key	1,562,201
Current Fiscal Year End Date	--10-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	BPOL
Entity Common Stock, Shares Outstanding		3,715,281
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Assets
Cash	$ 17,505	$ 71,795
Accounts receivable	1,571,901	0
Deposits	50,000	50,000
Prepaid expense	0	281,899
Total Current Assets	1,639,406	403,694
Property and equipment, net	3,028	3,434
Total Assets	1,642,434	407,128
Current Liabilities
Accounts payable	232,410	8,906
Accrued liability	0	76,631
Note payable	188,016	0
Convertible debenture, net of debt discount	527,028	505,832
Deferred revenue	0	62,400
Advances payable	29,528	29,528
Derivative liability	62,582	0
Total Current Liabilities	$ 1,039,564	$ 683,297
Commitments and Contingencies
Stockholders' Deficit
Common stock, $0.001 par value; 250,000,000 shares authorized; 373,000 shares issued and outstanding at July 31, 2015 and October 31, 2014	$ 373	$ 373
Additional paid in capital	110,305	75,733
Preferred stock receivable	(1,000)	0
Retained earnings (accumulated deficit)	493,144	(352,313)
Total Stockholders' Equity (deficit)	602,870	(276,169)
Total Liabilities and Stockholders' Equity (Deficit)	1,642,434	407,128
Series A Preferred Stock [Member]
Stockholders' Deficit
Preferred Stock	0	0
Series B Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred Stock	38	38
Series C Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred Stock	$ 10	$ 0

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets [Parenthetical] - $ / shares	Jul. 31, 2015	Oct. 31, 2014
Common Stock, Par Value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares, Issued	373,000	373,000
Common Stock, Shares, Outstanding	373,000	373,000
Series A Preferred Stock [Member]
Preferred Stock, Par Value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Series B Convertible Preferred Stock [Member]
Preferred Stock, Par Value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	37,500	37,500
Preferred Stock, Shares Outstanding	37,500	37,500
Series C Convertible Preferred Stock [Member]
Preferred Stock, Par Value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	10,000	0
Preferred Stock, Shares Outstanding	10,000	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Revenues (gross billings of $2,411,807 and $3,242,220 less provider costs of $1,850,991 and $2,890,356, for the three months ended July 31, 2015 and 2014, respectively gross billings of $6,950,501 and $3,653,238 less provider costs of $5,015,389 and $3,296,374 for the nine months ended July 31, 2015 and 2014, respectively.)	$ 560,816	$ 351,864	$ 1,935,112	$ 356,864
Operating Expense
General and administrative	245,988	219,479	963,843	382,636
Depreciation	135	0	406	0
Total operating expenses	246,123	219,479	964,249	382,636
Income (loss) from operations	314,693	132,385	970,863	(25,772)
Other income (expenses)
Loss on change in fair value of derivative liability	(12,548)	0	(62,582)	0
Interest expense	(19,168)	0	(62,824)	0
Net income (loss) before income taxes	282,977	132,385	845,457	(25,772)
Provision for income tax	0	0	0	0
Net Income (Loss)	$ 282,977	$ 132,385	$ 845,457	$ (25,772)
Net Income (Loss) per common share - Basic (in dollars per share)	$ 0.76	$ 0.35	$ 2.27	$ (0.07)
Net Income (Loss) per common share - Diluted (in dollars per share)	$ 0.69	$ 0.34	$ 2.05	$ (0.07)
Weighted Averages Shares Outstanding - Basic (in shares)	373,000	373,000	373,000	373,000
Weighted Averages Shares Outstanding - Diluted (in shares)	423,184	384,250	423,184	373,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations [Parenthetical] - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Revenues, Total	$ 2,411,807	$ 3,242,220	$ 6,950,501	$ 3,653,238
Cost of Revenue, Total	$ 1,850,991	$ 2,890,356	$ 5,015,389	$ 3,296,374

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash Flow From Operating Activities
Net income (loss)	$ 845,457	$ (25,772)
Adjustment to reconcile net income (loss) to net cash (used in) provided by operating activities
Depreciation expense	406	224
Discount on convertible debenture	31,737	0
Loss on change in fair value of derivative liability	62,582	0
Changes in operating assets and liabilities
Accounts receivable	(1,571,901)	0
Deposits	0	(50,000)
Accrued interest expense	31,057	0
Prepaid expense	281,899	(6,460)
Accounts payable	223,504	3,250
Deferred revenue	(62,400)	0
Accrued expense	(76,631)	25,475
Net Cash (Used in) Provided by Operating Activities	(234,290)	(53,283)
Cash Flow From Investing Activities
Purchase of property and equipment	0	(3,794)
Net Cash Used in Investing Activities	0	(3,794)
Cash Flow From Financing Activities
Proceeds from preferred stock sale	0	37,500
Net proceeds received from working capital advances	0	29,528
Proceeds from issuance of note payable	180,000	0
Payment of loan from shareholder	0	(638)
Net Cash Provided by Financing Activities	180,000	66,390
Net Change in Cash	(54,290)	9,313
Cash, Beginning of Year	71,795	3,889
Cash, End of Period	17,505	13,202
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	30	0
Cash paid for income taxes	0	0
Non-cash investing and financing activities
Reclassification of loan payable-related party to paid in capital on forgiveness of loan	0	13,744
Stock Receivable Of Sale Of Convertible Preferred Stock	$ 1,000	$ 0

ORGANIZATION AND BUSINESS OPERA

ORGANIZATION AND BUSINESS OPERATIONS	9 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS On July 22, 2015, the Company filed a certificate of amendment with the Secretary of State of the State of Nevada in order to effectuate a name change. The Certificate of Amendment became effective on July 24, 2015. On July 23, 2015, the Company filed a certificate of correction with the Secretary of State of the State of Nevada modifying the name of the Company to BlackPoll Fleet International, Inc. BlackPoll Fleet International, Inc. f/k/a Basta Holdings Corp. (the "Company”, “BPFI”, Basta”, “us”, “we”) was incorporated under the laws of the State of Nevada on May 11, 2011 and intended to commence operations in the distribution of copper pipes and fittings for sanitary engineering. In January 2014, the Company’s majority shareholder sold 100 80.43 Our primary service targets include oil & gas companies, firefighting operators and governmental agencies. We seek to operate our business on a global basis, providing aircraft and aviation services to customers in every major geographical region, including markets such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. Many of these markets are experiencing increased demand for aviation services and have lower market saturation than more mature markets such as North America and Western Europe. We expect that these markets will also present significant growth opportunities in upcoming years as the aging aircraft and infrastructure in these markets require replacement and updates with new, modern facilities, technology and rugged fuel efficient aircraft. An important focus of our strategy is meeting the needs of this replacement market. Governments and non-governmental organizations (“NGO”s) in some of these markets have fewer alternatives, enabling us to command relatively higher contract rates compared to contract rates in more mature markets. Our business plan seeks to mitigate the risks of owning, operating and leasing aircraft through careful management and diversification of our ACMI contracts and counterparties by geography, contract term, and aircraft age and type. We believe that diversification of our operating ACMI portfolio reduces the risks associated with individual counterparty defaults and adverse geopolitical and regional economic events. We mitigate the risks associated with cyclical variations in the aviation industry by managing customer concentrations and contract maturities in our operating portfolio to minimize periods of concentrated contract expirations. In order to maximize residual values and minimize the risk of obsolescence, our strategy is to lease and contract only rugged, easy to operate aircraft with proven track records of field capable maintenance. As of July 31, 2015, we provided management advisory service for aircraft and provided ACMI contract advice to a globally diversified customer base comprised of 3 entities. As of July 31, 2015, all of our ACMI advised contracts had the appropriately contracted number of aircraft assigned and operational. Our capabilities include: ACMI leasing, passenger and cargo operations, aircraft management maintenance and overhaul, fixed base operator (“FBO”) management, logistics management for construction, mining, logging, remote heavy industry, offshore drilling support, aerial mapping and surveillance services, air ambulance, logistical and airlift support services, search and rescue, very important person transport, emergency evacuation, humanitarian relief efforts, aviation fuel provision and insertion and extraction operations. The following are the target markets in which the Company will focus its sales efforts: the United Nations, the U.S. Department of Defense, the U.S. State Department, the Canadian Department of National Defense, the World Food Program, Fortune 500 Companies and worldwide NGOs. Government Regulation The air transportation provider industry is highly regulated. We operate commercial and private aircraft, and thus are directly subject to many industry laws and regulations, such as regulations of the U S. Federal Aviation Administration (“FAA”), the U.S. Department of Defense (“DOD”), Department of State (the “DOS”), the U.S. Department of Transportation (“DOT”), or their counterpart organizations in foreign countries regarding the operation of aircraft for public transportation of passengers and property. As discussed below, we are subject to rigorous government regulation in a number of respects. In addition, our ACMI lessees are subject to extensive regulation under the laws of the jurisdictions in which they are registered or operate. These laws govern, among other things, the registration, operation, maintenance and condition of the aircraft. We are required to register our aircraft with an aviation authority mutually agreed upon with our ACMI lessee. Each aircraft registered to fly must have a Certificate of Airworthiness, which is a certificate demonstrating the aircraft’s compliance with applicable government rules and regulations and that the aircraft is considered airworthy. Each charter we lease requires a valid operation certificate to operate our aircraft. We are required to maintain the Certificates of Airworthiness for the aircraft under ACMI leases. Our involvement with the civil and governmental aviation authorities of foreign jurisdictions consists largely of requests to register and deregister our aircraft on those countries’ registries. We are also subject to the regulatory authority of the DOD, the DOS and the U.S. Department of Commerce (the “DOC”) to the extent such authority relates to the export of aircraft for lease and sale to foreign entities and the export of parts to be installed on our aircraft. We may be required to obtain export licenses for parts installed in aircraft exported to foreign countries. The DOC and the U.S. Department of the Treasury (through its Office of Foreign Assets Control) impose restrictions on the operation of U.S.-made goods, such as aircraft and engines, in sanctioned countries, as well as on the ability of U.S. companies to conduct business with entities in those countries. The U.S. Patriot Act of 2001 (the “Patriot Act”) prohibits financial transactions by U.S. persons, including U.S. individuals, entities and charitable organizations, with individuals and organizations designated as terrorists and terrorist supporters by the U.S. Secretary of State or the U.S. Secretary of the Treasury. The U.S. Customs and Border Protection, a law enforcement agency of the U.S. Department of Homeland Security, enforces regulations related to the import of aircraft into the United States for maintenance or lease and the importation of parts into the U.S. for installation. Jurisdictions in which aircraft are registered as well as jurisdictions in which they operate may impose regulations relating to noise and emission standards. In addition, most countries’ aviation laws require aircraft to be maintained under an approved maintenance program with defined procedures and intervals for inspection, maintenance and repair. To the extent that aircraft are not subject to a lease or a lessee is not in compliance, we are required to comply with such requirements, possibly at our own expense.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Management acknowledges its responsibility for the preparation of the accompanying interim financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its financial position and the results of its operations for the interim period presented. These financial statements should be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s filing of Form 10-K as filed with the Securities and Exchange Commission. The accompanying unaudited condensed consolidated financial statements for BPFI have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8-03 of Regulation S-X. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole. The Company uses the accrual basis of accounting and GAAP. The Company has adopted an October 31 fiscal year end. The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Mercury Tours, Inc. All inter-company accounts and transactions have been eliminated in consolidation for all periods presented. Certain reclassifications have been made to the 2014 financial statement amounts and disclosures to conform to the 2015 presentation. In previous periods certain expenses were not being netted against revenues. Amounts in previous periods have been reclassified to present costs directly associated with revenues as a net revenue number. For the three and nine months ended July 31, 2014, $ 54,154 54,154 The accompanying financial statements have been prepared contemplating a continuation of the Company as a going concern. The Company has reported a net income of $ 845,457 25,722 602,870 599,842 The preparation of consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. The Company adopted the guidance of Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: ⋅ Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. ⋅ Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. ⋅ Level 3-Inputs are unobservable inputs that reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The carrying amounts reported in the consolidated balance sheets for cash, prepaid expenses, accounts payable, accrued expenses, advances payable and deferred revenue approximate their fair market value based on the short-term maturity of these financial instruments. The Company has liabilities that are measured at fair value on a recurring basis as of July 31, 2015 and 2014. ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments. Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Total $ - $ - $ - $ - Liabilities Derivative Liability $ - $ - $ 62,582 $ 62,582 Total - $ - $ 62,582 $ 62,582 If the conversion features of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method. The Company determines if the convertible debenture should be accounted for as liability or equity under ASC 480, Liabilities — Distinguishing Liabilities from Equity. ASC 480, applies to certain contracts involving a company’s own equity, and requires that issuers classify the following freestanding financial instruments as liabilities: mandatorily redeemable financial instruments, obligations that require or may require repurchase of the issuer’s equity shares by transferring assets (e.g., written put options and forward purchase contracts) and certain obligations where at inception the monetary value of the obligation is based solely or predominantly on: – A fixed monetary amount known at inception, for example, a payable settled with a variable number of the issuer’s equity shares with an issuance date fair value equal to a fixed dollar amount, – Variations in something other than the fair value of the issuer’s equity shares, for example, a financial instrument indexed to the S&P 500 and settled with a variable number of the issuer’s equity shares, or – Variations inversely related to changes in the fair value of the issuer’s equity shares, for example, a written put that could be net share settled. If the Company determined the instrument meets the guidance under ASC 480 the instrument is accounted for as a liability with a respective debt discount. The Company records debt discounts in connection with raising funds through the issuance of promissory notes (see Note 5). These costs are amortized to non-cash interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed. Derivative financial instruments, as defined in ASC 815, “Accounting for Derivative Financial Instruments and Hedging Activities”, consist of financial instruments or other contracts that contain a notional amount and one or more underlying (e.g. interest rate, security price or other variable), require no initial net investment and permit net settlement. Derivative financial instruments may be free-standing or embedded in other financial instruments. Further, derivative financial instruments are initially, and subsequently, measured at fair value and recorded as liabilities or, in rare instances, assets. The Company does not use derivative financial instruments to hedge exposures to cash-flow, market or foreign-currency risks. However, the Company has issued financial instruments including senior convertible promissory notes payable and freestanding stock purchase warrants with features that are either (i) not afforded equity classification, (ii) embody risks not clearly and closely related to host contracts, or (iii) may be net-cash settled by the counterparty. As required by ASC 815, in certain instances, these instruments are required to be carried as derivative liabilities, at fair value, in our consolidated financial statements. Cash and cash equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents The Company recognizes an allowance for losses on accounts receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on an analysis of historical bad debt experience, current receivables aging, and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. Management determined that an allowance was not required as of the balance sheet dates. Property and equipment are carried at cost and are depreciated on a straight-line basis over the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. The Company examines the possibility of decreases in the value of fixed assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. The cost of scheduled inspections and repairs and routine maintenance costs for all aircraft and engines are charged to maintenance materials and repairs expense as incurred. The Company also has “power-by-the-hour” agreements related to certain of its aircraft engines with external service providers. Under these agreements, which the Company has determined effectively transfers the risk and creates an obligation associated with the maintenance on such engines to the counterparty, expense is recorded commensurate with each hour flown on an engine. In situations where the payments to the counterparty do not sufficiently match the level of services received during the period, expense is recorded on a straight-line basis over the term of the agreement based on our best estimate of expected future aircraft utilization. For our engine maintenance contracts that do not transfer risk to the service provider, the Company records expense on a time and materials basis when an engine repair event takes place. Modifications that significantly enhance the operating performance or extend the useful lives of aircraft or engines are capitalized and amortized over the remaining life of the asset. Spare parts, especially major replacement items such as motors, are capitalized and included in property. However, if their aggregate cost is not significant, they may, less desirably, be classified as prepaid expenses or with maintenance supply inventories. Spare parts not put in use should be depreciated over the remaining life of the related equipment when the parts are held primarily for standby use or when obsolescence risks are significant. In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not record any impairment charges as of July 31, 2015 and October 31, 2014. The Company recognizes revenue when persuasive evidence of an arrangement exists, products are fully delivered or services have been provided, the purchase price is fixed or determinable and collection is reasonably assured. Revenue from helicopter services on an “ad hoc” basis, which usually entails a short contract notice period and duration, is recognized as the related services are performed and is based on a monthly fixed fee plus additional fees for each hour flown. The Company works as an agent between its customers and the service providers under these “ad hoc” service arrangements. Therefore, the Company recognizes revenue under these arrangements on the net amount retained; which is the amount billed to the customer less the amount paid to the service providers. The Company is governed by the income tax laws of the United States of America. The Company accounts for income tax using the liability method prescribed by ASC 740, “ Income Taxes The Company applies the provisions of ASC 740-10-50, “Accounting for Uncertainty in Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our consolidated financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. As of July 31, 2015 and October 31, 2014, the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future. The Company is subject to U.S. Federal income tax examinations for the tax years ended October 31, 2012 through October 31, 2014. Advertising is expensed as incurred and is included in general and administrative expenses on the accompanying condensed consolidated statements of operations. Advertising expense for the three months ended July 31, 2015 and 2014 amounted to $ 0 6,337 790 18,994 Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date. The Company issued no stock based compensation during the period ending July 31, 2015. The Company computes earnings per share in accordance with “ASC-260”, “ Earnings per Share 37,500 0.001 10,000 0.001 A related party is generally defined as (i) any person that holds 10 The Company’s President, Treasurer, Chief Executive Office, and director, Jacob Gitman, owns 90 Effective January 31, 2014, the Company entered into an Exclusive Agreement for the Promotion and Marketing of Services of Monarch. Upon execution of this agreement, the Company received a one-time fee of $ 5,000 10 On May 30, 2014, the Company entered into an Aircraft Management Agreement with Monarch. Pursuant to that Agreement, Monarch agreed to use, maintain and operate a Beechcraft 400 that the Company leases. Monarch agreed to maintain the aircraft and manage it at the Company’s expense and cost and the Company agreed to pay Monarch 10% of all funds received for Charters in any given month. Additionally, pilot salaries and benefits and other expenses, as defined, will be paid by the Company. BPFI received no payments from Monarch pursuant to the agreement, and no revenue was generated from this contract as of July 31, 2015. In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”) 2014-15 requiring an entity’s management to evaluate whether there are conditions or events, considered in aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. In May 2014, the FASB issued ASU 2014-09 which outlines a single comprehensive model for companies to use when accounting for revenue arising from contracts with customers. The core principle of the revenue recognition model is that an entity recognizes revenue to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In order to achieve this core principle a company must apply the following steps in determining revenue recognition: · Identify the contract(s) with a customer. · Identify the performance obligations in the contract. · Determine the transaction price. · Allocate the transaction price to the performance obligations in the contract. · Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016 including interim periods within that reporting period with early application not allowed. Management is currently assessing whether the implementation of ASU 2014-09 will have any material effect on the Company’s consolidated financial statements.

ADVANCES PAYABLE

ADVANCES PAYABLE	9 Months Ended
	Jul. 31, 2015
Accounts Payable and Accrued Liabilities, Current [Abstract]
ADVANCES PAYABLE	NOTE 3 - ADVANCES PAYABLE During the year ended October 31, 2014, the Company received advances from WAB for working capital purposes. The advances bear no interest, are payable on demand and are unsecured. At July 31, 2015, the Company owed WAB $ 29,528

FIXED ASSETS

FIXED ASSETS	9 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
FIXED ASSETS	NOTE 4 – FIXED ASSETS On July 5, 2015 and July 22, 2015, the Company acquired fixed assets consisting of aviation parts to be used at a future time. Effective July 31, 2015 the contracts for the purchase of these assets have been rescinded. (See Note 10)

CONVERTIBLE DEBENTURE

CONVERTIBLE DEBENTURE	9 Months Ended
	Jul. 31, 2015
Disclosure Convertible Note Payable [Abstract]
CONVERTIBLE DEBENTURE	NOTE 5 - CONVERTIBLE DEBENTURE On August 21, 2014, the Company entered into a 6 500,000 67 July 31, October 31, Convertible debenture – related party $ 500,000 $ 500,000 Beneficial conversion feature, unamortized (1,845) - Accumulated interest 28,873 5,832 Convertible debenture, net of BCF $ 527,028 $ 505,832 Total discount amount for the convertible note was $ 33,582 1,845

NOTE PAYABLE

NOTE PAYABLE	9 Months Ended
	Jul. 31, 2015
Notes Payable, Current [Abstract]
NOTE PAYABLE	NOTE 6 - NOTE PAYABLE The Company entered into a 6 180,000 July 31, Note payable $ 180,000 Accumulated interest 8,016 Note payable $ 188,016

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	9 Months Ended
	Jul. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITY	NOTE 7 – DERIVATIVE LIABILITY On March 12, 2015, the Company entered into a Financial Advisory Agreement which included the sale of 10,000 9.99 The Company assesses the fair value of the conversion using the Black Scholes pricing model and records a derivative expense for the value. The Company then assesses the fair value of the shares quarterly based on the Black Scholes Model and increases or decreases the liability to the new value, and records a corresponding gain or loss. The Company uses expected volatility based primarily on historical volatility using daily pricing observations for recent periods that correspond to the expected life of the warrants. July 31, Risk-free interest rate at grant date 0.11 % Expected stock price volatility 371 % Expected dividend payout – Expected option in life-years 0.75 On August 21, 2014, the Company entered into a 6 500,000 67 The Company assesses the fair value of the conversion using the Black Scholes pricing model and records a derivative expense for the value. The Company then assesses the fair value of the shares quarterly based on the Black Scholes Model and increases or decreases the liability to the new value, and records a corresponding gain or loss. The Company uses expected volatility based primarily on historical volatility using daily pricing observations for recent periods that correspond to the expected life of the warrants. July 31, Risk-free interest rate at grant date 0.11 % Expected stock price volatility 366 % Expected dividend payout – Expected option in life-years 0.25 As of July 31, 2015, total derivative liability is $ 62,582 62,582

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended
	Jul. 31, 2015
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	On April 10, 2014, the Company amended its articles of incorporation to increase the number of authorized common shares with a par value of $ 0.001 75,000,000 250,000,000 5,000,000 5,000,000 On April 1, 2015, the Company amended it articles of incorporation to, among other items, increase the authorized preferred stock of the Company from 10,000,000 20,000,000 10,000 A Reverse Split became effective on July 28, 2015. As a result of the Reverse Split, each ten (10) shares of common stock issued and outstanding prior to the Reverse Split has been converted into one (1) share of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock have been proportionally adjusted. Series A Preferred Stock Dividends shall be paid on Series A Preferred Stock at the discretion of the Board of Directors. Each share of Series A Preferred Stock shall be entitled to ten (10) votes on all shareholder matters. Series B Convertible Preferred Stock Dividends shall be paid on the Series B Convertible Preferred Stock at the discretion of the Board of Directors. Upon the request of the holder, each share of Series B Convertible Preferred Stock shall be convertible into two (2) shares of Common Stock. Shares of Series B Convertible Preferred Stock shall not be entitled to vote on any shareholder matter and shall have no voting rights whatsoever. Series C Convertible Preferred Stock The Company may not declare, pay or set aside any dividends on shares of any other class or series of capital stock of the Company unless the holders of the Series C Convertible Preferred Stock then outstanding shall first receive, or simultaneously receive, a dividend on each outstanding share of Series C Convertible Preferred Stock that is equal to or greater than the dividend to be paid to any other class or series of capital stock of the Company. The Series C Convertible Preferred Stock has a stated value of $ 0.001 9.99 On April 23, 2015, the Company issued the Consultant 10,000 1,000 As of July 31, 2015, the Company had 373,000 37,500 10,000

COMMITMENTS AND CONCENTRATIONS

COMMITMENTS AND CONCENTRATIONS	9 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	NOTE 9 – COMMITMENTS AND CONCENTRATIONS WAB International, Inc. (“WAB”) Effective January 31, 2014, the Company entered into an Exclusive Agreement for Management related to two of WAB’s aviation services contracts. As consideration for this agreement, the Company originally agreed to amend its articles of incorporation to authorize the issuance of a number of shares of Series A Preferred Stock to be determined at a later date and each such share was to entitle the holder to a certain number of votes. As the terms of this proposed agreement had not been finalized at January 31, 2014, the proposed issuance of the undetermined number of shares of Series A Preferred Stock was not recorded in the Company’s financial statements at January 31, 2014. On March 12, 2014, prior to the amendment of the Company’s articles of incorporation and prior to the determination of the number of shares of Series A Preferred Stock to be issued or the issuance of any such shares, the Company amended the agreement while maintaining the same effective date. The amended agreement calls for the Company to provide management services which include vendor and financial management under two of WAB’s contracts. The amendment provides that the Company will be paid ten percent (10%) of the gross revenues from the two contracts and eliminates the Company’s obligation to issue any shares of Series A Preferred Stock to WAB. The Company has entered into an agreement with WAB to provide helicopters on ACMI basis. WAB provides airlift support, dedicated helicopters and rotary and fixed wing aircraft to international clientele. WAB’s services include cargo and passenger transportation, logging, mining support, offshore drilling support, relief efforts, firefighting and search-and-rescue. As of July 31, 2015, the Company had not commenced any activities pursuant to the Exclusive Agreement for Management. On May 1, 2014, the Company’s management decided to amend the agreement with WAB to enable Basta Holdings, Corp. to enter into its own management services agreements with customers, some of which include former customers of WAB. On December 27, 2014, the Company entered into contract # WAB 1214-004, whereby the Company has agreed to provide WAB with two medium utility helicopters under ACMI terms. As of July 31, 2015 the Company’s account receivable balance of $ 1,571,901 Operating Leases Molcanso Management 4L-KNM The Company entered into a dry leased with Molcanso. The lease term is from May 1, 2015 to December 30, 2016. 50 2,000 2,300 Avia Service 4L-AVB The Company entered into an ACMI Charter Agreement with Avia Service. The original lease term was from December 25, 2014 to April 30, 2015. However, the lease term has been extended through October 31, 2015. 127,500 3,310 th th Avia Service 4L-LLL The Company entered into an ACMI Charter Agreement with Avia Service. The lease term was from December 25, 2014 to April 30, 2015. However, the lease term has been extended through October 31, 2015. 162,000 3,300 th th Alpha Investments 4L-BPF The Company entered into an ACMI Charter Agreement with Avia Service. The lease term was from February 21, 2015 to January 31, 2019. However, the agreement was terminated on August 4, 2015 1,250 50 Agreement with Monarch Effective January 31, 2014, the Company entered into an Exclusive Agreement for the Promotion and Marketing of Services of Monarch, 90 5,000 10 Monarch is a Florida limited liability company that is in the business of providing aircraft, crew maintenance and insurance leases for rotary and fixed wing aircraft as well as chartering on-demand private, corporate and luxury flights. No revenues were generated from this contract as of July 31, 2015.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 - SUBSEQUENT EVENTS On August 4, 2015, the Company entered into an asset purchase agreement with Alpha Investment and Lending Corp. (“Alpha”). Pursuant to the Agreement, the Company acquired a Mil MI-8 medium utility helicopter from Alpha in exchange for the issuance of 2,317,143 90 1,262,050 On August 17, 2015, Mercury Tours, LLC, a wholly owned subsidiary of BlackPoll Fleet International, filed Articles of Dissolution with the State of Florida. Effective September 17, 2015, the Company issued 756,278 0.001 529,395 Effective September 17, 2015, the Company issued 268,860 188,202 On October 21, 2015, the Company rescinded two amendments to a purchase agreement for the purchase of fixed assets to be used as spare parts referred to in Note 4. The rescission is effective as of the date of the amendments.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Basis of presentation	Management acknowledges its responsibility for the preparation of the accompanying interim financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its financial position and the results of its operations for the interim period presented. These financial statements should be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s filing of Form 10-K as filed with the Securities and Exchange Commission. The accompanying unaudited condensed consolidated financial statements for BPFI have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8-03 of Regulation S-X. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole. The Company uses the accrual basis of accounting and GAAP. The Company has adopted an October 31 fiscal year end.
Principles of consolidation	Principles of consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Mercury Tours, Inc. All inter-company accounts and transactions have been eliminated in consolidation for all periods presented.
Reclassification	Reclassification Certain reclassifications have been made to the 2014 financial statement amounts and disclosures to conform to the 2015 presentation. In previous periods certain expenses were not being netted against revenues. Amounts in previous periods have been reclassified to present costs directly associated with revenues as a net revenue number. For the three and nine months ended July 31, 2014, $ 54,154 54,154
Going Concern	The accompanying financial statements have been prepared contemplating a continuation of the Company as a going concern. The Company has reported a net income of $ 845,457 25,722 602,870 599,842
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates.
Fair value of financial instruments	The Company adopted the guidance of Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: ⋅ Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. ⋅ Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. ⋅ Level 3-Inputs are unobservable inputs that reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The carrying amounts reported in the consolidated balance sheets for cash, prepaid expenses, accounts payable, accrued expenses, advances payable and deferred revenue approximate their fair market value based on the short-term maturity of these financial instruments. The Company has liabilities that are measured at fair value on a recurring basis as of July 31, 2015 and 2014. ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments. Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Total $ - $ - $ - $ - Liabilities Derivative Liability $ - $ - $ 62,582 $ 62,582 Total - $ - $ 62,582 $ 62,582
Beneficial Conversion Feature	Beneficial Conversion Feature If the conversion features of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.
Debt Discount	Debt Discount The Company determines if the convertible debenture should be accounted for as liability or equity under ASC 480, Liabilities — Distinguishing Liabilities from Equity. ASC 480, applies to certain contracts involving a company’s own equity, and requires that issuers classify the following freestanding financial instruments as liabilities: mandatorily redeemable financial instruments, obligations that require or may require repurchase of the issuer’s equity shares by transferring assets (e.g., written put options and forward purchase contracts) and certain obligations where at inception the monetary value of the obligation is based solely or predominantly on: – A fixed monetary amount known at inception, for example, a payable settled with a variable number of the issuer’s equity shares with an issuance date fair value equal to a fixed dollar amount, – Variations in something other than the fair value of the issuer’s equity shares, for example, a financial instrument indexed to the S&P 500 and settled with a variable number of the issuer’s equity shares, or – Variations inversely related to changes in the fair value of the issuer’s equity shares, for example, a written put that could be net share settled. If the Company determined the instrument meets the guidance under ASC 480 the instrument is accounted for as a liability with a respective debt discount. The Company records debt discounts in connection with raising funds through the issuance of promissory notes (see Note 5). These costs are amortized to non-cash interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.
Derivative Financial Instruments	Derivative Financial Instruments Derivative financial instruments, as defined in ASC 815, “Accounting for Derivative Financial Instruments and Hedging Activities”, consist of financial instruments or other contracts that contain a notional amount and one or more underlying (e.g. interest rate, security price or other variable), require no initial net investment and permit net settlement. Derivative financial instruments may be free-standing or embedded in other financial instruments. Further, derivative financial instruments are initially, and subsequently, measured at fair value and recorded as liabilities or, in rare instances, assets. The Company does not use derivative financial instruments to hedge exposures to cash-flow, market or foreign-currency risks. However, the Company has issued financial instruments including senior convertible promissory notes payable and freestanding stock purchase warrants with features that are either (i) not afforded equity classification, (ii) embody risks not clearly and closely related to host contracts, or (iii) may be net-cash settled by the counterparty. As required by ASC 815, in certain instances, these instruments are required to be carried as derivative liabilities, at fair value, in our consolidated financial statements.
Cash and cash equivalents	Cash and cash equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents
Accounts receivable	Accounts receivable The Company recognizes an allowance for losses on accounts receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on an analysis of historical bad debt experience, current receivables aging, and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. Management determined that an allowance was not required as of the balance sheet dates.
Property and equipment	Property and equipment are carried at cost and are depreciated on a straight-line basis over the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. The Company examines the possibility of decreases in the value of fixed assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. The cost of scheduled inspections and repairs and routine maintenance costs for all aircraft and engines are charged to maintenance materials and repairs expense as incurred. The Company also has “power-by-the-hour” agreements related to certain of its aircraft engines with external service providers. Under these agreements, which the Company has determined effectively transfers the risk and creates an obligation associated with the maintenance on such engines to the counterparty, expense is recorded commensurate with each hour flown on an engine. In situations where the payments to the counterparty do not sufficiently match the level of services received during the period, expense is recorded on a straight-line basis over the term of the agreement based on our best estimate of expected future aircraft utilization. For our engine maintenance contracts that do not transfer risk to the service provider, the Company records expense on a time and materials basis when an engine repair event takes place. Modifications that significantly enhance the operating performance or extend the useful lives of aircraft or engines are capitalized and amortized over the remaining life of the asset. Spare parts, especially major replacement items such as motors, are capitalized and included in property. However, if their aggregate cost is not significant, they may, less desirably, be classified as prepaid expenses or with maintenance supply inventories. Spare parts not put in use should be depreciated over the remaining life of the related equipment when the parts are held primarily for standby use or when obsolescence risks are significant.
Impairment of long-lived assets	In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not record any impairment charges as of July 31, 2015 and October 31, 2014.
Revenue recognition	Revenue recognition The Company recognizes revenue when persuasive evidence of an arrangement exists, products are fully delivered or services have been provided, the purchase price is fixed or determinable and collection is reasonably assured. Revenue from helicopter services on an “ad hoc” basis, which usually entails a short contract notice period and duration, is recognized as the related services are performed and is based on a monthly fixed fee plus additional fees for each hour flown. The Company works as an agent between its customers and the service providers under these “ad hoc” service arrangements. Therefore, the Company recognizes revenue under these arrangements on the net amount retained; which is the amount billed to the customer less the amount paid to the service providers.
Income taxes	The Company is governed by the income tax laws of the United States of America. The Company accounts for income tax using the liability method prescribed by ASC 740, “ Income Taxes The Company applies the provisions of ASC 740-10-50, “Accounting for Uncertainty in Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our consolidated financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. As of July 31, 2015 and October 31, 2014, the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future. The Company is subject to U.S. Federal income tax examinations for the tax years ended October 31, 2012 through October 31, 2014.
Advertising	Advertising is expensed as incurred and is included in general and administrative expenses on the accompanying condensed consolidated statements of operations. Advertising expense for the three months ended July 31, 2015 and 2014 amounted to $ 0 6,337 790 18,994
Stock-based compensation	Stock-based compensation Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date. The Company issued no stock based compensation during the period ending July 31, 2015.
Net income (loss) per share of common stock	Net earnings (loss) per share of common stock The Company computes earnings per share in accordance with “ASC-260”, “ Earnings per Share 37,500 0.001 10,000 0.001
Related party transactions	Related party transactions A related party is generally defined as (i) any person that holds 10 The Company’s President, Treasurer, Chief Executive Office, and director, Jacob Gitman, owns 90 Effective January 31, 2014, the Company entered into an Exclusive Agreement for the Promotion and Marketing of Services of Monarch. Upon execution of this agreement, the Company received a one-time fee of $ 5,000 10 On May 30, 2014, the Company entered into an Aircraft Management Agreement with Monarch. Pursuant to that Agreement, Monarch agreed to use, maintain and operate a Beechcraft 400 that the Company leases. Monarch agreed to maintain the aircraft and manage it at the Company’s expense and cost and the Company agreed to pay Monarch 10% of all funds received for Charters in any given month. Additionally, pilot salaries and benefits and other expenses, as defined, will be paid by the Company. BPFI received no payments from Monarch pursuant to the agreement, and no revenue was generated from this contract as of July 31, 2015.
Recent accounting pronouncements	In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”) 2014-15 requiring an entity’s management to evaluate whether there are conditions or events, considered in aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. In May 2014, the FASB issued ASU 2014-09 which outlines a single comprehensive model for companies to use when accounting for revenue arising from contracts with customers. The core principle of the revenue recognition model is that an entity recognizes revenue to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In order to achieve this core principle a company must apply the following steps in determining revenue recognition: · Identify the contract(s) with a customer. · Identify the performance obligations in the contract. · Determine the transaction price. · Allocate the transaction price to the performance obligations in the contract. · Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016 including interim periods within that reporting period with early application not allowed. Management is currently assessing whether the implementation of ASU 2014-09 will have any material effect on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Fair Value, by Balance Sheet Grouping	The application of the three levels of the fair value hierarchy under Topic 820-10-35 to our assets and liabilities are described below: Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Total $ - $ - $ - $ - Liabilities Derivative Liability $ - $ - $ 62,582 $ 62,582 Total - $ - $ 62,582 $ 62,582

CONVERTIBLE DEBENTURE (Tables)

CONVERTIBLE DEBENTURE (Tables)	9 Months Ended
	Jul. 31, 2015
Debt Instruments [Abstract]
Convertible Debt	A discount is computed based on the share value at the time of issuance and amortized over the period of the debenture. This Convertible Debenture has been repaid by issuance of shares of the Company common stock (See Note 10) July 31, October 31, Convertible debenture – related party $ 500,000 $ 500,000 Beneficial conversion feature, unamortized (1,845) - Accumulated interest 28,873 5,832 Convertible debenture, net of BCF $ 527,028 $ 505,832

NOTE PAYABLE (Tables)

NOTE PAYABLE (Tables)	9 Months Ended
	Jul. 31, 2015
Notes Payable, Current [Abstract]
Schedule of Short-term Debt	180,000 July 31, Note payable $ 180,000 Accumulated interest 8,016 Note payable $ 188,016

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)	9 Months Ended
	Jul. 31, 2015
Financial Advisory Agreement [Member]
Schedule of Derivative Liability	The risk-free interest rate is based on U.S. Treasury securities rates. July 31, Risk-free interest rate at grant date 0.11 % Expected stock price volatility 371 % Expected dividend payout – Expected option in life-years 0.75
Secured Convertible Debenture [Member]
Schedule of Derivative Liability	The risk-free interest rate is based on U.S. Treasury securities rates. July 31, Risk-free interest rate at grant date 0.11 % Expected stock price volatility 366 % Expected dividend payout – Expected option in life-years 0.25

ORGANIZATION AND BUSINESS OPE22

ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative)	1 Months Ended
	Jan. 31, 2014
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Ownership interest sold by majority shareholders	100.00%
Private Placement [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity Method Investment, Ownership Percentage	80.43%

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jul. 31, 2015USD ($)
Assets
Total	$ 0
Liabilities
Derivative Liability	62,582
Total	62,582
Fair Value, Inputs, Level 1 [Member]
Assets
Total	0
Liabilities
Derivative Liability	0
Total	0
Fair Value, Inputs, Level 2 [Member]
Assets
Total	0
Liabilities
Derivative Liability	0
Total	0
Fair Value, Inputs, Level 3 [Member]
Assets
Total	0
Liabilities
Derivative Liability	62,582
Total	$ 62,582

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014	May. 30, 2014	Jan. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Revenues, Total	$ 2,411,807	$ 3,242,220	$ 6,950,501	$ 3,653,238
Pay Percentage On Maintenance Of Aircraft						10.00%
Prior Period Reclassification Adjustment		54,154		54,154
Net Income (Loss) Attributable to Parent	282,977	132,385	845,457	(25,772)
Working Capital	599,842		599,842
Advertising Expense	0	$ 6,337	790	$ 18,994
Stockholders' Equity Attributable to Parent	$ 602,870		$ 602,870		$ (276,169)
President [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage							90.00%
Agreement With Monarch [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenues, Total					$ 5,000
Pay Percentage On Gross Sales From Flight Services					10.00%
Series B Preferred Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Preferred Stock Issued					37,500
Preferred Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001		$ 0.001
Series C Preferred Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Preferred Stock Issued					10,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001		$ 0.001

ADVANCES PAYABLE (Details Narra

ADVANCES PAYABLE (Details Narrative)	Jul. 31, 2015USD ($)
Accounts Payable and Accrued Liabilities, Current [Line Items]
Accounts Payable, Trade, Current	$ 29,528

CONVERTIBLE DEBENTURE (Details)

CONVERTIBLE DEBENTURE (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Debt Conversion [Line Items]
Convertible debenture - related party	$ 500,000	$ 500,000
Beneficial conversion feature, unamortized	(1,845)	0
Accumulated interest	28,873	5,832
Convertible debenture, net of BCF	$ 527,028	$ 505,832

CONVERTIBLE DEBENTURE (Details

CONVERTIBLE DEBENTURE (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
	Aug. 21, 2014	Jul. 31, 2015
Debt Instrument Discount Amount On Convertible Note At The Time Of Issuance		$ 33,582
Convertible Debt [Member]
Debt Instrument, Unamortized Discount		$ 1,845
Secured Convertible Debenture [Member]
Interest Rate Of Convertible Note	6.00%
Conversion Rate Convertible Note		$ 67
Convertible Debt		$ 500,000

NOTE PAYABLE (Details)

NOTE PAYABLE (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Short-term Debt [Line Items]
Note payable	$ 180,000
Accumulated interest	8,016
Note payable	$ 188,016	$ 0

NOTE PAYABLE (Details Narrative

NOTE PAYABLE (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2015	Nov. 05, 2014
Debt Instrument [Line Items]
Notes Payable Current Gross	$ 180,000
Promissory Note [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Debt Instrument, Maturity Date	May 6, 2015
Notes Payable Current Gross		$ 180,000

DERIVATIVE LIABILITY (Details)

DERIVATIVE LIABILITY (Details)	9 Months Ended
	Jul. 31, 2015
Financial Advisory Agreement [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Risk-free interest rate at grant date	0.11%
Expected stock price volatility	371.00%
Expected dividend payout	0.00%
Expected option in life-years	9 months
Secured Convertible Debenture [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Risk-free interest rate at grant date	0.11%
Expected stock price volatility	366.00%
Expected dividend payout	0.00%
Expected option in life-years	3 months

DERIVATIVE LIABILITY (Details N

DERIVATIVE LIABILITY (Details Narrative) - USD ($)	Mar. 12, 2015	Aug. 21, 2014	Jul. 31, 2015	Oct. 31, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability, Current			$ 62,582	$ 0
Derivative Instruments Expense			$ 62,582
Convertible Debt [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.00%
Debt Instrument, Face Amount		$ 500,000
Debt Instrument, Convertible, Conversion Price		$ 67
Debt Instrument, Term		1 year
Series C Convertible Preferred Stock [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percentage Of Ownership Interest On Convertible Shares	9.99%
Stock Issued During Period, Shares, New Issues	10,000

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative) - USD ($)	Mar. 12, 2015	Jul. 31, 2015	Apr. 23, 2015	Apr. 16, 2015	Apr. 01, 2015	Oct. 31, 2014	Apr. 10, 2014
Class of Stock [Line Items]
Common stock, par value		$ 0.001				$ 0.001
Common stock, shares authorized		250,000,000				250,000,000
Common stock, issued		373,000				373,000
Common stock, outstanding		373,000				373,000
Preferred Stock, Shares Subscribed but Unissued, Subscriptions Receivable		$ 1,000				$ 0
Maximum [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized					20,000,000
Minimum [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized					10,000,000
Board of Directors Chairman [Member]
Class of Stock [Line Items]
Common stock, shares authorized							75,000,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value		$ 0.001				$ 0.001
Preferred stock, shares authorized		5,000,000				5,000,000
Preferred stock, issued		0				0
Preferred stock, outstanding		0				0
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value		$ 0.001				$ 0.001
Preferred stock, shares authorized		5,000,000				5,000,000
Preferred stock, issued		37,500				37,500
Preferred stock, outstanding		37,500				37,500
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value		$ 0.001				$ 0.001
Preferred stock, shares authorized		10,000				10,000
Preferred stock, issued		10,000				0
Preferred stock, outstanding		10,000				0
Percentage Of Ownership Interest On Convertible Shares	9.99%
Series C Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value		$ 0.001
Percentage Of Ownership Interest On Convertible Shares		9.99%
Series C Convertible Preferred Stock [Member] | Consultant [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized				10,000
Preferred stock, issued			10,000
Preferred Stock, Shares Subscribed but Unissued, Subscriptions Receivable			$ 1,000
Preferred Stock Value To Be Paid			$ 0

COMMITMENTS AND CONCENTRATIONS

COMMITMENTS AND CONCENTRATIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Jan. 31, 2014	Jul. 31, 2015	Jul. 31, 2015
Other Commitments [Line Items]
Revenue - related party	$ 5,000
Percent of gross revenue paid	10.00%
Molcanso [Member]
Other Commitments [Line Items]
Description of Lessee Leasing Arrangements, Operating Leases			The lease term is from May 1, 2015 to December 30, 2016.
Number Of Hours Per Month			50 hours
Operating Lease Rate Per Hour		$ 2,000	$ 2,300
Avia Service [Member]
Other Commitments [Line Items]
Description of Lessee Leasing Arrangements, Operating Leases			The original lease term was from December 25, 2014 to April 30, 2015. However, the lease termhas been extended through October 31, 2015.
Operating Lease Rate Per Hour			$ 3,310
Operating Lease Monthly Rate			127,500
Operating Lease Excess Rate Per Hour			$ 2,700
Avia Service Two [Member]
Other Commitments [Line Items]
Description of Lessee Leasing Arrangements, Operating Leases			The lease term was from December 25, 2014 to April 30, 2015. However, the lease termhas been extended through October 31, 2015.
Operating Lease Rate Per Hour			$ 3,300
Operating Lease Monthly Rate			162,000
Operating Lease Excess Rate Per Hour			$ 2,900
Alpha [Member]
Other Commitments [Line Items]
Description of Lessee Leasing Arrangements, Operating Leases			The lease term was from February 21, 2015 to January 31, 2019. However, the agreement was terminated on August 4, 2015
Number Of Hours Per Month			50 hours
Operating Lease Rate Per Hour			$ 1,250
WAB [Member]
Other Commitments [Line Items]
Accounts Receivable, Related Parties		$ 1,571,901	$ 1,571,901
President [Member]
Other Commitments [Line Items]
Equity Method Investment, Ownership Percentage	90.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended
	Sep. 17, 2015	Aug. 04, 2015	Jul. 31, 2015	Oct. 31, 2014
Subsequent Event [Line Items]
Common Stock, Shares, Issued			373,000	373,000
Common Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001
Subsequent Event [Member] | Restricted Stock [Member]
Subsequent Event [Line Items]
Common Stock, Shares, Issued		2,317,143
Subsequent Event [Member] | Alpha [Member]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage		90.00%
Historical Book Value Of Aircraft		$ 1,262,050
Subsequent Event [Member] | Alpha [Member] | Faizulin Note [Member]
Subsequent Event [Line Items]
Common Stock, Shares, Issued	756,278
Common Stock, Par or Stated Value Per Share	$ 0.001
Debt Conversion, Converted Instrument, Amount	$ 529,395
Subsequent Event [Member] | Alpha [Member] | Convertible Debt [Member]
Subsequent Event [Line Items]
Common Stock, Shares, Issued	268,860
Debt Conversion, Converted Instrument, Amount	$ 188,202