SkyEurope seeks additional funding
Euopean low fares carrier Sky Europe is seeking additional finance after securing a 10 million euro loan.
The bridging loan was made available by 29.9% shareholder York Global Finance to help it operate through the winter.
But the airline, which operates from Austria, Czech Republic and Slovakia, is also looking for additional finance, believed to be up to 30 million euros.
International investment bank Rothschild has been appointed “to explore strategic and financing alternatives in order to secure the long term future and success of the airline,†a company statement said.
Sky Europe, established seven years ago, said the loan facility “will help support ongoing working capital and cash flow requirements for the winter flying seasonâ€.
The loan demonstrated York’s “continued confidence in SkyEurope’s long-term prospects as the leading low cost airline in central and eastern Europe with strong growing and strategic positions in Bratislava, Vienna and Pragueâ€.
The airline operates 15 Boeing 737-700s on 76 routes to 41 destinations in 19 countries. It carried 3.7 million passengers in the past year. SkyEurope has flights from Birmingham, Luton and Manchester as well as Dublin and Cork.
by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026