TOKUDA COMPLETED THE AUDIT OF BALKAN AIRLINES

Business | July 30, 2001, Monday // 00:00

Japan`s Tokuda Corporation announced it has completed the audit of Bulgaria`s national air carrier, Balkan Airlines. Tokuda experts have investigated the financial status of the company in receivership, the debts of the airliner and their repayment, the rehabilitation plan, etc. By the end of August the Japanese company is to announce its decision and propose a business plan. If Tokuda finds the results satisfactory, it will announce its investment intentions. Agency Balkan reported that a representative of the Arabian consortium, which showed interest in Balkan is expected to arrive to Bulgaria within two weeks. The name of the company is kept secret but according to insiders it is a Kuwaiti consortium.

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