Low-cost Silesian Air files for bankruptcy
Low-cost Silesian Air files for bankruptcy
"We were only receiving down payments," explained a former employee of the firm, adding, "Janusz Sitarz, president of TSB, said that there was no money for salaries and there would not be any." Sitarz, whose company holds a 51% stake in Silesian Air, said he was surprised by the decision of the management and that the board had been given time until the end of February to get a license but did not meet the deadline. The company was scheduled to begin regular flights first in April last year and then in the first half of 2004. (Puls Biznesu, p. 7) M.M.
"We were only receiving down payments," explained a former employee of the firm, adding, "Janusz Sitarz, president of TSB, said that there was no money for salaries and there would not be any." Sitarz, whose company holds a 51% stake in Silesian Air, said he was surprised by the decision of the management and that the board had been given time until the end of February to get a license but did not meet the deadline. The company was scheduled to begin regular flights first in April last year and then in the first half of 2004. (Puls Biznesu, p. 7) M.M.
