MARCH 17TH, 2016
Baltia Air Lines and Barry Clare Dispute SEC Charges
JAMAICA, N.Y., March 17, 2016 /PRNewswire/ — Baltia Air Lines, Inc. (BLTA) announced today that it is greatly disappointed with the SEC’s decision to file an order against our Executive Vice President and Director Barry Clare after fully cooperating with the SEC investigation. Mr. Clare has worked tirelessly for our company and on behalf of our loyal shareholders to bring our business plan to fruition. We continue to make progress and will fight on regardless of these charges. We do not believe that Barry Clare has violated any laws, rules or regulations. We intend to defend and support Mr. Clare against the SEC charges vigorously in a public hearing. We are grateful for Mr. Clare’s service without which Baltia would not have been able to continue its operations.