euro adhoc: SkyEurope Holding
other
Leases for GECAS aircraft terminated,
deadline for the Longstock Sapo bridge financing extended and liquidity enhanced
through release of funds from credit card sales.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
09.01.2009
SkyEurope announces that GECAS has terminated the leases for six aircraft leased by SkyEurope Airlines a.s. as of 8 January 2009 and that the aircraft have been returned to GECAS. The aircraft capacity has been replaced and SkyEurope continues to operate all scheduled flights. Further, SkyEurope and Longstock SAPO Limited, a limited liability company with its registered offices in Gibraltar, agreed on the extension of the deadline for the first installment in relation to the EUR 10m bridge loan facility dated 11 December 2008 to SkyEurope Airlines a.s., the 100% subsidiary of SkyEurope Holding AG. SkyEurope is also pleased to report that E-Clear UK PLC has agreed to continue releasing funds from credit card sales to SkyEurope Airlines a.s., based on flown revenues, to provide on-going liquidity. According to SkyEurope´s records, approximately EUR 10m of flown revenues are held by E-Clear UK PLC.
end of announcement euro adhoc
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
http://www.skyeurope.com
Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market