Coming up

Don't miss




Exclusive: an unlikely victim of the 'War on Terror'

Read more


Paris, Haute Couture Fall/Winter 2014-2015.

Read more


2014-07-11 21:47 AFRICA NEWS

Read more


Finally, a good use for new app "Yo"

Read more


The World This Week - 11 July 2014 (part 2)

Read more


The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more


Politics: parties under pressure

Read more


In Burma, the rise of radical Buddhism

Read more

  • Hamas and Israel sustain fire despite missed targets

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Legal challenge to French mayor’s ban of Muslim hijab on beach

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Kerry holds all-night talks with Afghan presidential rivals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Are French high school students getting smarter?

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more


SkyEurope bankruptcy leaves thousands of passengers stranded



Latest update : 2009-09-02

Slovakia-based low-cost airline SkyEurope announced it had filed for bankruptcy Tuesday, causing all of its flights to be cancelled. Thousands of passengers found themselves stranded across Europe, as competitors vied for their business.

AFP - A number of airlines were queuing up Tuesday to offer "rescue fares" to thousands of passengers stranded by the collapse of the Slovakian low-cost carrier SkyEurope.

In Austria, Austrian Airlines and FlyNiki both offered to fly passengers home for a one-off rescue fare and they were quickly matched by easyJet in Britain and Irish low cost carrier Ryanair.

Austrian Airlines, itself being taken over by German giant Lufthansa, said it would fly SkyEurope passengers home from those destinations it also served for 150 euros (215 dollars).

FlyNiki, which is owned by former racing driver Niki Lauda, priced its rescue far at 99 euros. EasyJet's was 40 pounds (45 euros, 65 dollars) while Ryanair's was the cheapest so far at just 25 pounds.

Lauda said FlyNiki's partner airline, Air Berlin, was drawing up a similar offer.

Bratislava-based SkyEurope, which declared insolvency in June, announced late Monday that its court-appointed trustee had decided that a bankruptcy application was the only way forward for the group owing to "the lack of sufficient interim funding to finance ongoing operations."

All flights were "suspended with immediate effect," the statement said.

That left thousands of SkyEurope passengers stranded across Europe, according to airline spokesman Roland Schranz, who did not give an exact figure.

The carrier's hands were tied when it came to negotiating deals with other airlines to fly those passengers back, Schranz told the Austrian news agency APA.

"An airline which has filed for bankruptcy can't negotiate any deals," he said, declining to estimate exactly how many people were affected.

SkyEurope's shares were suspended from trading on the Vienna stock exchange "until further notice."

The bankruptcy came soon after Ruzyne Prague airport said it would halt all SkyEurope flights after the airline failed to pay its debts.

In mid-August, Vienna airport halted SkyEurope flights for the same reason.

In July, SkyEurope said it had found an investor in the form of the Austrian group FOCUS Equity, which was supposed to invest 16.5 million euros, conditional on a successful restructuring process.

The company, set up in 2001 by mainly Austrian investors, launched ticket sales for the winter season in July after adding two new Boeing 737-300 aircraft to its fleet.

The carrier 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 737s it operated in late-2008.

SkyEurope, with bases in Bratislava, Vienna, Prague and the eastern Slovak city of Kosice, never posted a profit in the six years of its existence.

Date created : 2009-09-02