Poor Outlook for Creditors of SkyEurope

TransportAirlines & 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,…