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. 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.
SkyEurope has been listed on the Vienna and Warsaw stock exchanges since 27th
September 2005. Further information can be found on
www.skyeurope.com.
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:
investor.relations@skyeurope.com
end of announcement euro adhoc
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