Attached files

EXHIBIT 10.13.1


AVIATION RISK MANAGEMENT
         ASSOCIATES, Inc.
(shadow of airplane as part of letterhead)


CERTIFICATE OF INSURANCE

This is to certify that the following policy/policies, subject to
the terms,
conditions, limitations and endorsements contained therein, and
during their
effective period, have been issued by the insurance companies listed
below.
NOTE: The inclusion of persons or entities as "Insureds" only
applies to
that person's or entities' contingent liabilily arisiug out of the
operations
of the Named Insured, which are the subject of coverage under a
policy or
policies referenced herein, unless othe1wise noted.


CERTIFICATE HOLDER:        NAMED INSURED:
Japan Airlines Management Corp.   Baltia Air Lines, Inc.
JFK International Building 14     Building 151. Room361
Jamaica, NY 11430          JFK International Airport
                    Jamaica, NY 11430

Coverage confirmed below is solely in respects to the Sublease
Agreement
between the Certificate holder and the Named insured effective
September 1, 2011:

COVERAGE:
1.  Airport Premises Liability including Bodily Injury, Property
Damage
and Contractual Liability
2. Mobile Equipment Liability

LIMITS OF LIABILITY:
1. Airport Premises Liability-$2,000.000 Combined Single Limit
2. Mobile Equipment Liabilily-$2,000.000 Each Occurrence

POLICY PERIOD: 12:00 A.M. January 8, 2013 to 12:01 A.M. January 8, 2014

INSURER & POLICY    Star Insurance Company Inc., AC 0763844-01
NUMBERS:

ADDITIONAL AGREEMENTS:
The Certificate holder, The Port Authority of New York & New Jersey
and
The City of New York are included as Additional Insureds as their
respective
rights and interest may appear and shall be provided 30 days notice
of
cancellalion, 10 days in the event of non-payment.


As respects each Certificate Holder(s) respective interests, this
Certificate of Insurance shall automalically terminate upon the
earlier
of (i) Policy expiration: (ii) Cancelltion of the policies prior to
policy
expiration, as notified to the Certificate Holder(s) as required
herein:
(iii) agreed termination of the Contract(s); and/or in the case of
physical
damage insurance relating to those Certificate Holder(s) who have
insurable
interest in the Equipment as of the date of issuance of this
Certificate of
Insurance: agreed termination of the Named Insured's and/or the
Certificate
Holder(s) insurable interest in the Equipment. This Certificate of
Insurance
is issued as a summary of the insurances under the policies noted
above and
confers no rights upon the Certificate Holder(s) as regards the
insurances
other than those provided by the policies. The undersigned has been
authrorized by the above insurers to issue this certificate on their
behalf
and is not an insurer and has no liability of any sort under the
above
policies as an insurer as a result of this certification.


Certificate Number: 01.1
Date ofIssue: January 31, 2013    __(signature)______[seal]
                    Authorized Representative
              Aviation Risk Management Associates, Inc.


This Certificate replaces and supersedes Certificate #1
issued December 28, 2012.




CERTIFICATE OF INSURANCE

This is to certify that the following policy(s), subject to the
terms,
conditions, limitations and endorsements contained therein, and
during their
effective period, have been issued by the insurance company(s)
listed below.
NOTE: The inclusion of persons or entities as "Insureds" only
applies to
that person's or entities' contingent liability arising out of the
operations
of the Named Insured, which are the subject of coverage under a
policy or
policies referenced herein, unless othe1wise noted.


CERTIFICATE HOLDER:              NAMED INSURED:
Japan Airlines Management Corp.   Baltia Air Lines, Inc.
JFK International Building 14            Building 151. Room361
Jamaica, NY 11430          JFK International Airport
                    Jamaica, NY 11430

This will confirm that the policies, as generally described below,
are
subject to all terms, conditions and exclusions contained in such
policies
issued to the insured.


COVERAGE: Airport Premises Liability

POLICY PERIOD: 12:01 A.M. December 26, 2013 to 12:01 A.M. December
26, 2014

INSURERS & POLICY   Star Insurance Company Inc., AC 0763844
NUMBERS:

LIMITS OF LIABILITY: $10,000,000.  Combined Single Limit


ADDITIONAL AGREEMENTS:
DESCRIPTION OF INSURANCE:

The Certificate holder is included as an Insured and shall be
provided 30
days notice of cancellation, 10 days in the event of non-payment.




Certificate Number: 001
Date of Issue: 12/28/2012        __(signature)______[seal]
                    Authorized Representative
              Aviation Risk Management Associates, Inc.
              377 W. Virginia St. Crystal Lake, IL 60014
              P. 815-356-8811  F. 815-356-8822