Poor Outlook for Creditors of SkyEurope

Transport › Airlines & Airports ♦ Published: January 4, 2011; 20:52 ♦ (Vindobona)

The Austrian-Slovakian airline, which became insolvent in 2009, will only reach a quota of 16%.

Poor Outlook for Creditors of SkyEurope / Picture: © SkyEurope

The current bankruptcy proceedings for the low-cost airline based in Slovak Bratislava offer bleak prospects for the creditors. Claims for € 23.6m were originally filed, but only € 99,000 were recognized by the court.

Most of the claims were in fact registered by its own operating subsidiary: these demands were not accepted. This was announced by the Kreditschutzverband (KSV,…

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Insolvencies, Slovakia, Transport Industry, Sky Europe, Airline Industry, Bankruptcy
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