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Business | February 25, 2003, Tuesday // 00:00
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Transport Minister Plamen Petrov has fired the executive director of Balkan Air Tour Lyubka Manova and now the position is vacant. The minister fired her on the grounds that she is not qualified to do the job.
Reports said that Manova was dismissed over the poor financial performance of the company so far. The former travel agent was transformed into flag carrier late last year following the bankruptcy of Balkan Airlines.
Some BGN 30 M were injected from the fiscal reserve in the new flag carrier but the company quickly accumulated debts.
Reports said that Manova was dismissed over the poor financial performance of the company so far. The former travel agent was transformed into flag carrier late last year following the bankruptcy of Balkan Airlines.
Some BGN 30 M were injected from the fiscal reserve in the new flag carrier but the company quickly accumulated debts.
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