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
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