Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Iraq's Christians - Nowhere to Run? (part 2)

Read more

DEBATE

Iraq's Christians - Nowhere to Run?

Read more

MEDIAWATCH

Towards a "Third Intifada"?

Read more

FOCUS

What solutions for California's overcrowded prisons?

Read more

MIDDLE EAST MATTERS

Gaza conflict: Palestinians mark sombre Eid

Read more

WEB NEWS

Celebrities in the Israel-Gaza crossfire

Read more

IN THE PAPERS

Israeli strike takes out Gaza power station

Read more

IN THE PAPERS

French newspaper apologises for Sarkozy story

Read more

BUSINESS DAILY

Last-ditch talks aim to avert Argentina default

Read more

  • Deadly strike hits Gaza market despite four-hour 'truce'

    Read more

  • Russia defiant as US, EU unveil 'phase three' sanctions

    Read more

  • Argentina fails to reach deal with holdout creditors

    Read more

  • US House votes to sue Obama for over-reaching his powers

    Read more

  • Suspect in Jewish Museum attack charged with 'terrorist' murder

    Read more

  • Women should not laugh in public, Turkey's deputy PM says

    Read more

  • Fourth female suicide bomber targets Nigerian city

    Read more

  • US rebounds to 4% growth in second quarter

    Read more

  • Video: Coping with rocket attacks in Israel’s Sderot

    Read more

  • Rats on the rampage at Louvre museum gardens

    Read more

  • France evacuates nationals, closes embassy in Libya

    Read more

  • 'Compelling' signs Kosovo leaders trafficked organs, prosecutor says

    Read more

  • Graphic: Ebola spreads across West Africa

    Read more

  • Video: How tourism is helping Rwanda’s gorillas, ex-poachers

    Read more

  • Islamists seize key Benghazi army base as fire rages on

    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)