SkyEurope secures a EUR 15 million loan from York Global Finance
Wien (euro adhoc) - Bratislava / Vienna, 28 December 2007 - SkyEurope announces the completion of a EUR 15 million financing facility from its largest shareholder, York Global Finance S.a.r.l.
This loan provides SkyEurope with adequate working capital to continue with the execution of its turn-around plan without diluting shareholders` interests through the issuance of new capital. The loan facility from York is at market terms.
Jason Bitter, CEO said: “We will use the proceeds of this loan to continue investing in our growth and we are pleased with the confidence our long-term investor York has shown in us. This loan confirms the commitment of York to SkyEurope and their belief in our turn-around strategy.”
SkyEurope reported a record profit in the fourth quarter of its previous financial year, following various operational programmes designed to lead the company to profitability.
*** About SkyEurope Airlines *** SkyEurope is the leading low-cost airline in Vienna, Prague and Bratislava no fax payday loans. We offer flights to convenient airports with one of the highest punctuality rates in Europe with a fleet of 14 new Boeing 737-700NG aircraft with an average age of less than one year. Over the past 12 months we have carried 3.5 million customers.
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