GulfJet was way overdue to closing its doors... They were never making any money and the little money that was comin gin was being robbed by the Indian MD.
As far as the chairman, he is the BIG CROOK, that while having his pilots fly him all over the world would not pay them. He hides behind the World Financial Crisis excuse... He has been having a World FInancial Crisis since two years ago. He simply does not like paying what he owes...Typical Middle Eastern mentality that they think that with money and power they can do whatever they want.
I know for a fact that thier piltos are owed their money allowances, salaries, per diems, and other expenses. Poor guys will never see this money and the big boss will continue as if nothing happened. When these piltos leave, he will magically recover, hire some new unsuspecting victims and screw them over just like he did the other ones...
Same vicious cycle... Rotten arab never changes...he just gets wealthier...