The Balkan Bulgarian Airlines' debts to the Treasury and its other creditors have increased from 165 million leva half a year ago to 291,538,000

03.04.2002 Source: BTA

leva now, the carrier's Trustees in Bankruptcy Hristo Mollov and Olga Milenkova told a news conference Tuesday. The Treasury still tops the Balkan creditors' list, followed by the Air Traffic Services Authority, Sofia Airport, Bulstrad, LUKoil, EUROCONTROL and IATA, Mollov said. The Sofia City Court has until April 3 to rule on whether it admits the company's revised rehabilitation plan, proposed by the trustees, for approval by the cr?ditors. As from April 1, the airline is cutting its staff by one third, the Trustees confirmed at the news conference. Five hundred and ten Balkan employees will become redundant before the end of this year.