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1 The Company and a Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2013
Company And Summary Of Significant Accounting Policies Policies
The Company and basis of presentation	The Company and basis of presentation Alas Aviation Corp., formerly LMK Global Resources, Inc. (“we”, “our” or the “Company”), was formed under the laws of the state of Delaware 1982. On June 22, 2013, the Company entered into a Share Exchange Agreement to acquire Corporacion Cygnus Air, S.A., a Spanish based regional air cargo company (“CYNUS Air”). The consummation of the acquisition is subject to financing and the undertaking of customary due diligence procedures. There can be no assurances that the Company will consummate the acquisition of CYGNUS Air. On June 22, 2013, pursuant to the Delaware Holding Company formation statute, LMK Global Resources, Inc. ("LMK") entered into an Agreement and Plan of Merger into a holding company (the “Agreement") with Alas Aviation Corp. ("Alas Aviation") and Alas Acquisition Company ("AAC"), both wholly-owned subsidiaries of LMK. The Agreement provided for the merger of LMK with and into Alas Aviation, with Alas Aviation being the surviving corporation in that merger. Contemporaneously with LMK’s merger with and into Alas Aviation, the shareholders of LMK became shareholders of Alas Aviation on a one share for one share basis pursuant to the Agreement. The accompanying consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany balances and transactions have been eliminated in consolidation.
Management estimates and assumptions	*Management estimates and assumptions* The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements	*Recent Accounting Pronouncements* The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operating, financial position or cash flows.
Income Taxes	*Income Taxes* The Company has adopted Accounting Standards Codification subtopic 740-10, Income Taxes (“ASC 740-10”) which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Temporary differences between taxable income reported for financial reporting purposes and income tax purposes consist primarily of timing differences such as deferred officers’ compensation and stock based compensation accounting.

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

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- Definition

Describe the name or caption for the new accounting pronouncement or change in accounting principle.

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