SkyEurope suspends all flights

SkyEurope Airlines Profile

The trustee, appointed by the Slovak court to oversee the restructuring process, has assessed that the company did not have sufficient funds for sustaining operations. This has come about after recent actions of suppliers and reduced passenger bookings and traffic revenue. The airline had tried to set up a bridge financing facility to remedy the liquidity shortfall, but this facility was not funded in the last moment.

All SkyEurope flights are suspended with immediate effect. SkyEurope expresses its outmost regret and apologies to the travellers for any inconvenience and assures that until the very end all efforts have been made to carry out all flights. An orderly procedure will be set up to minimize discomfort to the travelling public.

(c) Centre for Asia Pacific Aviation. Date posted: 02-Sep-09

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