Bahrain Air on the verge of bankruptcy:
"Hundreds of Bahrain Air staff who lost their jobs when the airline went into voluntary liquidation are unlikely to receive severance packages with the company allegedly about to file for bankruptcy.
Millions of dinars owned to companies will also have to be written off as the carrier changes its legal status, said a report in the Gulf Daily News (GDN), our sister publication.
The revelations come almost a year after the airline went into voluntary liquidation, with the loss of 345 jobs.
Numerous lawsuits were earlier filed against the carrier by disgruntled employees and it is understood it owes companies at least BD4 million ($10.5 million)."
'via Blog this'
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