Don't miss

Replay


LATEST SHOWS

FOCUS

Video: Far right at the gates of power in Austria

Read more

FRANCE IN FOCUS

FRANCE 24 turns 10: A look behind the scenes

Read more

EYE ON AFRICA

Gambia's Yahya Jammeh concedes defeat in presidential polls

Read more

MEDIAWATCH

Gambians herald 'new independence' after Jammeh defeat

Read more

THE WORLD THIS WEEK

Hollande, the One Term President (part 1)

Read more

THE WORLD THIS WEEK

Trump Keeps 'Em Guessing, Italian Referendum, Austrian Election, Castro's Death (part 2)

Read more

FASHION

Discovering the winter 2016/2017 men's fashion collections in Paris

Read more

ENCORE!

Rendez-vous on '42nd Street' as the meta musical comes to Paris

Read more

REPORTERS

Uzbekistan reinforces its tight grip on election and country

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)