FORT LAUDERDALE, Fla., Oct. 13, 2014 (GLOBE NEWSWIRE) -- Basta Holdings Corp. (OTCBB:BSTA), an aviation services and logistics management company, today announced that it will provide ACMI leasing of utility helicopters to German forces in Afghanistan for the logistical support of non-military operations.
Basta Holdings has delivered one medium-sized utility helicopter to Mazar-e Sharif, Afghanistan where it will provide transportation services for a monthly fee based on the terms of an Aircraft, Maintenance, Crew and Insurance (ACMI) lease. Management of Basta Holdings expects to deploy additional helicopters as requested for non-military operations which should add monthly revenue as each helicopter will have its own ACMI lease.
"Basta Holdings is pleased to announce the delivery of our first utility helicopter that will provide logistical support to German forces based in Afghanistan. Moving forward, we believe the number of helicopter ACMI leases and subsequent monthly revenue from this agreement will increase based on Basta's unique ability to provide turnkey solutions for rotary and fixed wing operations and logistical support in geographically difficult and politically unstable regions. The Company is pleased that it is able to further diversify its operations through this new venture," commented Jacob Gitman, President of Basta Holdings.
About Basta Holdings Corp.
Basta Holdings Corp. provides contract procurement, business development and management services in the aviation and logistics industries. The company specializes in management of long-term ACMI leases of fixed wing and rotary passenger and cargo aircrafts and private business aviation, which includes charter, maintenance, overhaul and FBO development and management as well as various auxiliary services. For more information on the company, please visit www.bastaholdings.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. No past revenue or other performance can guarantee the same or better performance in the future. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
CONTACT: 888-959-7095 email@example.comSource:Basta Holdings Corp.