GECAS terminates lease of six aircraft to SkyEurope Airlines

Tags :Eastern Europe, SkyEurope Airlines, GECAS


SkyEurope announces that GECAS has terminated the leases for six aircraft leased by SkyEurope Airlines as of 08-Jan-09 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-Dec-08 to SkyEurope Airlines a.s., the 100% subsidiary of SkyEurope Holding AG.

Meanwhile, SkyEurope is also pleased to report that E-Clear UK PLC has agreed to continue releasing funds from credit card sales to SkyEurope Airlines based on flown revenues, to provide on-going liquidity. According to SkyEurope’s records, approximately EUR10 million of flown revenues are held by E-Clear UK PLC.





(c) Centre for Asia Pacific Aviation. Date posted: 12-Jan-09



For in-depth analysis of the low cost airline sector worldwide, subscribe now to the peerless Peanuts! Weekly


 

Other SkyEurope Airlines News

• SkyEurope suspends all flights
• SkyEurope Filing for opening of bankruptcy proceedings
• SkyEurope announces postponement of financial results
• SkyEurope announces extension of repayment for EUR15 million loan, announces postponement of financial results
• SkyEurope appoints Andras Zboray as Chief Commercial Officer
• SkyEurope reports Mar-09 load factor, appoints new Chief Commercial Officer
• SkyEurope Holding AG further postpones release of annual financial statements
• SkyEurope extends deadline for repayment of York loan
• SkyEurope reports Jan-09 traffic
• SkyEurope Holding to release financial results in mid Feb-09

Show All SkyEurope Airlines News...