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05.11.2008 | 11:36 Uhr
euro adhoc: SkyEurope Holding
other
SkyEurope announces that the EUR 10 million loan becomes due and payable on 12 November 2008.
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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Financing
05.11.2008
SkyEurope Holding AG ("SkyEurope") announces that the EUR 10 million loan granted in September 2008 by York Global Finance II S.a r.l. ("York") to SkyEurope Airlines a.s, has been extended for one week.
The maturity date of the EUR 10 million bridge loan facility of September 2008 granted by York Global Finance II S.a r.l. ("York") to SkyEurope Airlines a.s., the 100 % subsidiary of SkyEurope Holding AG, has been extended for one week. Therefore, the loan becomes due and payable on November 12, 2008.
end of announcement euro adhoc
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31.10.2008 | 17:17 Uhr
euro adhoc: SkyEurope Holding
other
SkyEurope announces that the EUR 15 million loan becomes due and payable on 22 November 2008.
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Company Information
31.10.2008
SkyEurope Holding AG ("SkyEurope") announces that the EUR 15 million loan granted in December 2007 by York Global Finance II S.a r.l. ("York") to SkyEurope Airlines a.s, becomes due and payable, according to the terms of the loan, on or before 22 November 2008.
The further EUR 10 million bridge loan facility granted in September 2008 by York to SkyEurope Airlines a.s becomes due and payable, according to the terms of the loan, on or before 5 November 2008. This maturity date may be extended at the Lender's discretion according to the bridge loan agreement.
Repayment of the EUR 15 million loan of December 2007 was guaranteed by SkyEurope Holding AG, which guarantee is secured by the pledge of all shares of SkyEurope Holding AG in SkyEurope Airlines a.s. The granting of this pledge was authorized under item 8 of the agenda of the Annual General Meeting of February 14, 2008.
end of announcement euro adhoc
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Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
SkyEurope Airlines - cheap flights with Central Europe's first low fare low cost airline - SkyEurope Airlines, Central Europe's first low cost low fare airline
e Ancora
SkyEurope wins grace period from Vienna airport
Tue Aug 11, 2009 10:59am EDT
VIENNA, Aug 11 (Reuters) - Troubled Slovak airline SkyEurope (SKYV.VI) won a grace period until Friday to pay outstanding invoices after Vienna airport temporarily grounded its flights on Tuesday, airport operator Flughafen Wien (VIEV.VI) said. Budget airline SkyEurope, which obtained creditor protection in Slovakia in June and has been seeking to raise new funds for months, has to pay its debts to Flughafen by Friday, 1300 GMT or else the operator will suspend all services, Flughafen said.
Vienna airport on Tuesday grounded SkyEurope flights including to Athens and Nice because it said the operator had not paid its dues. It resumed its services after SkyEurope promised to pay them by Friday, Flugafen said.
SkyEurope said last month it had found a new investor who was ready to inject as much as 16.5 million euros in fresh equity and also got a 5 million euro bridge loan.
The economic slowdown has hit the airline hard and its financial problems have added to the woes as it lost even more passengers because of concerns it may go insolvent. In July, passenger traffic declined by 37 percent year on year. (Reporting by Boris Groendahl; Editing by Jon Loades-Carter)
Antonio Sessa - Presidente Associazione FlySalerno