Bratislava, 18th September 2008 – SkyEurope Holding AG ("SkyEurope") announces that York Global Finance II S.a r.l. ("York"), has granted a bridge loan facility totalling EUR 10 million to its 100% subsidiary SkyEurope Airlines a.s.
The loan facility, which is on market terms, will help support ongoing working capital and cash flow requirements for the winter flying season. The loan demonstrates York's continued confidence in SkyEurope's long term prospects as the leading low cost airline in Central & Eastern Europe, with strong, growing and strategic positions in Bratislava, Vienna and Prague.
In addition, SkyEurope has appointed the international investment bank Rothschild to explore strategic and financing alternatives, in order to secure the long term future and success of the airline.
*** About SkyEurope Airlines ***
SkyEurope is the leading low-cost airline in Austria, Czech Republic and Slovakia. We offer flights to convenient airports with one of the highest punctuality rates in Europe. Operating a fleet of 15 new Boeing 737-700NG aircraft with an average age of one year, SkyEurope is one of the most environment friendly airlines in Europe. Over the past 12 months we have carried 3.7 million customers and this summer we are operating on 76 routes to 41 destinations in 19 countries.
SkyEurope has been listed on the Vienna and Warsaw stock exchanges since 27th September 2005. Further information can be found on www.skyeurope.com.
The loan facility, which is on market terms, will help support ongoing working capital and cash flow requirements for the winter flying season. The loan demonstrates York's continued confidence in SkyEurope's long term prospects as the leading low cost airline in Central & Eastern Europe, with strong, growing and strategic positions in Bratislava, Vienna and Prague.
In addition, SkyEurope has appointed the international investment bank Rothschild to explore strategic and financing alternatives, in order to secure the long term future and success of the airline.
*** About SkyEurope Airlines ***
SkyEurope is the leading low-cost airline in Austria, Czech Republic and Slovakia. We offer flights to convenient airports with one of the highest punctuality rates in Europe. Operating a fleet of 15 new Boeing 737-700NG aircraft with an average age of one year, SkyEurope is one of the most environment friendly airlines in Europe. Over the past 12 months we have carried 3.7 million customers and this summer we are operating on 76 routes to 41 destinations in 19 countries.
SkyEurope has been listed on the Vienna and Warsaw stock exchanges since 27th September 2005. Further information can be found on www.skyeurope.com.
