UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) : February 25, 2011
Baltia Air Lines, Inc.
(Exact name of registrant as specified in its chapter)
New York CIK 869187 11-2989648
(State of incorporation) (Commission File Number) (IRS Employer ID)
63-25 Saunders St., Suite 7 I, Rego Park, New York 11374
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 907 275-5205
Check the appropriate box if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following conditions:
[ ] Written communications pursuant to Rule 425
of the Securities Act (17 CFR 230.425
[ ] Soliciting material pursuant to Rule 14a-12
of the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act 17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act 17 CFR 240.13e-4(c))
Item 4.02. Non-Reliance on Previously Issued Audit Report.
(a) On February 25, 2011 the Company Board of Directors, acting through
the Chief Financial Officer, Igor Dmitrowsky, reached the conclusion
that the audit report for fiscal year 2009, as filed in the Company's
2009 10-K, should not be relied upon as the auditor was not independent
in accordance with Rule 201 of SEC Regulation S-X, and, since the 2008
financials were referenced in the financial statements, the 2008 audit
report also should have been included in the filing.
(b) The facts related to this error are that the Company erred in an
interpretation of the rules and policies concerning independence of the
independent auditor, as engaged to perform the year-end audit for fiscal
year 2009, Mr. Michael F. Cronin, CPA, and has determined that he has not
met the required cooling off period since his prior work for the Company in
certifying its audit for fiscal year 2007. Accordingly, Mr. Cronin resigned
as independent auditor for the Company, and the Company has decided to
insure compliance with the rules by engaging Mr. Ronald R. Chadwick, P.C.,
CPA, the auditor recently engaged for fiscal year 2010, to reaudit for
fiscal year 2009. This engagement is dated March 25, 2011
(c) The Company is filing an amended 10-K for year ending December 31, 2009,
to remove the Audit Report of Mr. Michael F. Cronin, and to label the
financial statements related thereto as "Not Audited", and to include the
previously omitted Audit Report of Mr. Patrick Rodgers for year ending
December 31, 2008.
(d) As soon as possible, following the re-audit of the 2009 financials by
the newly engaged independent certifying accountant, Mr. Ronald R. Chadwick,
P.C., CPA, the Company will file a second amended 10-K to include that
audit report.
(e) The Company's prior certifying accountants, Mr. Michael F. Cronin, CPA,
Mr. Patrick Rodgers CPA, PA, and the newly engaged certifying accountant,
Mr. Ronald R. Chadwick, P.C., CPA have each reviewed this disclosure and
consented as set forth in exhibit EX-7 submitted herewith.
(f) The actions of the Company in preparing this Report and the other
filings related thereto have been discussed by the Board of Directors of
the Company, who have agreed and authorized CFO Mr. Igor Dmitrowsky to
act as disclosed in this report.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Baltia Air Lines
by: /s/ Igor Dmitrowsky
Igor Dmitrowsky, President
and Chief Financial Officer
April 5, 2011
EX-7.1
Michael F. Cronin, CPA
687 Lee Road, Ste 210
Rochester, NY 14606
1574 Eagle Nest Circle
Winter Springs, FL 32708
407-754-7027 / email mikeccpa@aol.com
April 5, 2011
Securities & Exchange Commission
100 F Street NE
Washington, DC 20549
Dear Sir/Madam:
Baltia Air Lines, Inc. (the "Company") has made available to me a
copy of its Current Report on Form 8-K, dated Feburary 25, 2011, in
which it provides information pursuant to item 4.02 with regard to
"Non-Reliance on Previously Issued Audit Report".
I have reviewed the disclosure under Item 4.02 and agree with its
statements concerning the scope and results of my engagement as the
Company's independent auditor.
Sincerely,
/s/ Michael F. Cronin
Michael F. Cronin
Certified Public Accountant
NY, FL
EX-7.2
Patrick Rodgers, CPA, PA
309 E. Citrus Street
Altamonte Springs, FL 32701
April 5, 2011
Securities & Exchange Commission
100 F Street NE
Washington, DC 20549
Dear Sir/Madam:
Baltia Air Lines, Inc. (the "Company") has made available to me a
copy of its Current Report on Form 8-K, dated Feburary 25, 2011, in
which it provides information pursuant to Item 4.02 with regard to
"Non-Reliance on Previously Issued Audit Report.".
I have reviewed the disclosure under Item 4.02 and agree with its
statements concerning the scope and results of my engagement as the
Company's independent auditor.
Sincerely,
/S/
Patrick Rodgers, CPA, PA
EX-7.3
Mr. Ronald R. Chadwick, P.C.
Certified Public Accountant
2851 South Parker Road, Suite 720
Aurora, Colorado 80014
Phone (303) 306-1967
Fax (303) 306- 1944
Email: rcp35@hotmail.com
April 5, 2011
Securities & Exchange Commission
100 F Street NE
Washington, DC 20549
Dear Sir/Madam:
Baltia Air Lines, Inc. (the "Company") has made available to me a
copy of its Current Report on Form 8-K, dated February 25, 2011, in
which it provides information pursuant to item 4.02 with regard to
"Non-Reliance on Previously Issued Audit Report".
I have reviewed the disclosure under Item 4.02 and agree with its
statements concerning the scope and results of my engagement as the
Company's independent auditor.
Sincerely,
/s/
Ronald P. Chadwick P.C.
Certified Public Accountant