New owner for SkyEurope
Low-cost airline SkyEurope is set to get a cash injection after securing new ownership.
Athens-based SAPO International S.A and Lisbon-based Longstock Financial Group are taking a controlling stake in the airline, subject to regulatory approval, under a new partnership called Longstock SAPO Ltd, based in Gibraltar.
“Due to the current financial situation of of SkyEurope, Longstock Sapo plans to inject fresh capital in the company,†it said a statement today.
“Longstock SAPO does not intent to launch a mandatory takeover bid for SkyEurope but to apply for the restructuring privilege under the Austrian Takeover Act.â€
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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