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York Global Finance comes to the rescue for SkyEurope…again


Financially troubled SkyEurope Holdings received an offer from its major shareholder, York Global Finance II, to acquire 100% of its operating company, SkyEurope Airlines, and a 3% share in SkyEurope Hungary Asset Management. [1065 words]

Unlock the following content in this report:


  • Follows EUR25 million in York Global financing since Jan-08
  • Cash balance dwindles as credit card issues continue; no such issues with lessors
  • Load factor slips further in Sep-08
  • Continues focus on business-oriented products and routes

Graphs and data:

  • SkyEurope fleet plan and ownership: 2006 to 2012
  • SkyEurope traffic highlights for Aug-08
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