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borrowings/loan
Wien (euro adhoc) - Bratislava / Vienna, 28 December 2007 - SkyEurope announces the completion of a EUR 15 million financing facility from its largest shareholder, York Global Finance S.a.r.l.
This loan provides SkyEurope with adequate working capital to continue with the execution of its turn-around plan without diluting shareholders` interests through the issuance of new capital. The loan facility from York is at market terms.
Jason Bitter, CEO said: "We will use the proceeds of this loan to continue investing in our growth and we are pleased with the confidence our long-term investor York has shown in us. This loan confirms the commitment of York to SkyEurope and their belief in our turn-around strategy."
SkyEurope reported a record profit in the fourth quarter of its previous financial year, following various operational programmes designed to lead the company to profitability.
*** About SkyEurope Airlines *** SkyEurope is the leading low-cost airline in Vienna, Prague and Bratislava. We offer flights to convenient airports with one of the highest punctuality rates in Europe with a fleet of 14 new Boeing 737-700NG aircraft with an average age of less than one year. Over the past 12 months we have carried 3.5 million customers.
SkyEurope has been listed on the Vienna and Warsaw stock exchanges since 27th September 2005. Further information can be found on www.skyeurope.com.
end of announcement euro adhoc --------------------------------------------------------------------------------
ots Originaltext: SkyEurope Holding Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
Branche: Air Transport ISIN: AT0000497003 WKN: A0F5WU Index: WBI Börsen: Wiener Börse AG / official market
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