Baltia Announces Management Changes

JAMAICA, N.Y., Feb. 4, 2016 /PRNewswire/ -- Baltia Air Lines, Inc. (BLTA) announced today that on February 2, 2016, the Company's Board of Directors met and appointed Mr. Barry Clare as Executive Vice President. Mr. Clare is well known as having been with the company nearly 10 years.

<!-- Paragraph before: In a subsequent special meeting that same day they appointed Mr. <span class="xn-person" itemscope itemtype="<a href='http://schema.org/Person"' target="_blank">http://schema.org/Person"</a>><span itemprop="name">Anthony D. Koulouris</span></span> as interim Chief Financial Officer.</p> --><!-- Paragraph After: In a subsequent special meeting that same day they appointed Mr. <span class="xn-person" itemscope itemtype="<a href='http://schema.org/Person"' target="_blank">http://schema.org/Person"</a>><span itemprop="name">Anthony D. Koulouris</span></span> as interim Chief Financial Officer.</p> -->

In a subsequent special meeting that same day they appointed Mr. Anthony D. Koulouris as interim Chief Financial Officer.

<!-- Paragraph before: Mr. Koulouris had served as Vice President, Marketing since 2011.  Prior to joining Baltia, Mr. Koulouris had 20 years of experience in sales & marketing, business management and corporate finance.  He is a senior finance, sales & marketing executive with diversified experience having worked for Merrill Lynch, Citigroup Global Markets and Morgan Stanley as well as having founded many successful businesses.  Mr. Koulouris holds a MBA from <span class="xn-org">Fordham University's</span> Gabelli School of Business and a BS in Business Administration from The University of Central Florida.  In his career, Mr. Koulouris has had the opportunity to develop and manage multiple sales regions and departments.  He has also held key positions in finance, client services and operations and has extensive experience raising capital, trading, budgeting, and management.  A new VP of Marketing will be announced by the company in the future.</p> --><!-- Paragraph After: Mr. Koulouris had served as Vice President, Marketing since 2011.  Prior to joining Baltia, Mr. Koulouris had 20 years of experience in sales & marketing, business management and corporate finance.  He is a senior finance, sales & marketing executive with diversified experience having worked for Merrill Lynch, Citigroup Global Markets and Morgan Stanley as well as having founded many successful businesses.  Mr. Koulouris holds a MBA from <span class="xn-org">Fordham University's</span> Gabelli School of Business and a BS in Business Administration from The University of Central Florida.  In his career, Mr. Koulouris has had the opportunity to develop and manage multiple sales regions and departments.  He has also held key positions in finance, client services and operations and has extensive experience raising capital, trading, budgeting, and management.  A new VP of Marketing will be announced by the company in the future.</p> -->

Mr. Koulouris had served as Vice President, Marketing since 2011. Prior to joining Baltia, Mr. Koulouris had 20 years of experience in sales & marketing, business management and corporate finance. He is a senior finance, sales & marketing executive with diversified experience having worked for Merrill Lynch, Citigroup Global Markets and Morgan Stanley as well as having founded many successful businesses. Mr. Koulouris holds a MBA from Fordham University's Gabelli School of Business and a BS in Business Administration from The University of Central Florida. In his career, Mr. Koulouris has had the opportunity to develop and manage multiple sales regions and departments. He has also held key positions in finance, client services and operations and has extensive experience raising capital, trading, budgeting, and management. A new VP of Marketing will be announced by the company in the future.

<!-- Paragraph before: Mr. <span class="xn-person" itemscope itemtype="<a href='http://schema.org/Person"' target="_blank">http://schema.org/Person"</a>><span itemprop="name">Russell Thal</span></span>, President and Chairman stated, "Baltia Air Lines is very fortunate to have these gentlemen assume these very important positions." </p> --><!-- Paragraph After: Mr. <span class="xn-person" itemscope itemtype="<a href='http://schema.org/Person"' target="_blank">http://schema.org/Person"</a>><span itemprop="name">Russell Thal</span></span>, President and Chairman stated, "Baltia Air Lines is very fortunate to have these gentlemen assume these very important positions." </p> -->

Mr. Russell Thal, President and Chairman stated, "Baltia Air Lines is very fortunate to have these gentlemen assume these very important positions."

<!-- Paragraph before: Contact Information:</p> --><!-- Paragraph After: Contact Information:</p> -->

Contact Information:

<!-- Paragraph before: <span class="xn-person" itemscope itemtype="<a href='http://schema.org/Person"' target="_blank">http://schema.org/Person"</a>><span itemprop="name">William E. Kassar, Jr.</span></span><br/>Director, Investor Relations<br/>Baltia Air Lines<br/>(718) 917-8052</p> --><!-- Paragraph After: <span class="xn-person" itemscope itemtype="<a href='http://schema.org/Person"' target="_blank">http://schema.org/Person"</a>><span itemprop="name">William E. Kassar, Jr.</span></span><br/>Director, Investor Relations<br/>Baltia Air Lines<br/>(718) 917-8052</p> -->

William E. Kassar, Jr.
Director, Investor Relations
Baltia Air Lines
(718) 917-8052

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SOURCE Baltia Air Lines, Inc.