Don't miss

Replay


LATEST SHOWS

REPORTERS

The booming business of cannabis in Spain

Read more

EYE ON AFRICA

Tanzanian President dismisses almost 10,000 public servants over forged college certificates

Read more

MEDIAWATCH

French Election: Abstention, Anger & Apathy

Read more

THE WORLD THIS WEEK

Macron vs. Le Pen: France's bitter presidential run-off race (part 1)

Read more

THE WORLD THIS WEEK

Trump's First 100 Days, The Pope in Egypt (part 2)

Read more

FOCUS

Egypt's Coptic Christians targeted by Islamic State group

Read more

THE CAMPAIGN BEAT

France's wartime past takes centre stage in presidential campaign

Read more

#TECH 24

How one NGO is using 3D printers to improve disaster relief

Read more

REVISITED

What remains of Nicaragua’s revolution?

Read more

Business

SkyEurope airline goes into bankruptcy protection

Text by NEWS WIRES

Latest update : 2009-06-22

SkyEurope, a Slovak low-cost airline, has gone into bankruptcy protection in order to restructure its business. Flights, jobs and supplier payments should all be assured during this process, said Jason Bitter, chairman of the company.

AFP - Struggling Slovak low-cost airline SkyEurope said on Monday that it had gone into bankruptcy protection in order to reorganise its affairs in an orderly fashion.
   
Listed on the Vienna stockmarket, the Slovak carrier said a Bratislava court had offered it protection from creditors while management implemented the restructuring of its business to make it more attractive to potential investors.
   
Flights, jobs and supplier payments would all be assured during this process, it added.
   
The airline announced earlier this year that its business had been badly hit by the global economic slump and that it had had to reduce its fleet to just five planes from the 15 Boeing 7373s it operated in late 2008.
   
SkyEurope with bases in Prague, Bratislava, Kosice and Vienna never posted a profit in the six years of its existence.

Date created : 2009-06-22

COMMENT(S)