Baltia Air Lines Inc. (fka BLTA)

[mrinvestor08]

BALTIA SELLS AIRCRAFT

ITEM 2.01 - Disposition of Assets

By a aircraft purchase contract dated January 22, 2016, and not in the ordinary course of business, the Company disposed of a 1976 Cessna 500 business jet aircraft, Registration No. N606KR, Serial No. 500-0306 owned by the Company and utilized for business purposes. This aircraft was sold to Jet Air Inc., located at 1801 S. Riverside Drive in Iowa City, IA 52246 for cash in the amount of $42,500.

This transaction was completed on March 16, 2016 and there is no material relationship between the Company and the purchaser, Jet Air Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Baltia Air Lines

/ ____ signed ___ /
Russell Thal
President

_____ March 22, 2016 ____