SkyEurope - EUR25 million in loans become due and payable in Nov-08

SkyEurope stated the EUR15 million loan granted in Dec-07 by York Global Finance II becomes due and payable on 22-Nov-08, providing the carrier with a much-needed injections of funds. The separate EUR10 million bridge loan facility, which was granted by York Global in Sep-08, also becomes due and payable this month (on or before 05-Nov-08. This maturity date may be extended at the lender's discretion according to the bridge loan agreement). The latest loan facililty was granted to support ongoing working capital and cash flow requirements over the Winter Schedule.