SkyEurope announces extension of York loans

YORK GLOBAL Finance has extended the deadline for the repayment of its €15-million loan granted in December 2007 and its €10-million loan granted in September 2008 to SkyEurope Airlines a.s. to July 15th, 2009. Both loans were due for repayment on 15 June 15th, 2009 in accordance with the loan agreements as amended, SkyEurope said in a statement.

SkyEurope is the leading low-cost airline in Austria, Czech Republic and Slovakia with bases in Vienna, Prague and Bratislava offering passengers good value, convenient, reliable and safe flights to attractive destinations all over Europe. Over the past 12 months SkyEurope carried 3.1 million customers and this summer is operating on 55 routes to 33 destinations in 16 countries.

Providing a top value product has allowed SkyEurope to win numerous international awards since operations began including the "Best Low-Cost Airline in Eastern Europe and 3rd Best Low-Cost Carrier In Europe" by SkyTrax for 2008.

SkyEurope has been listed on the Vienna and Warsaw stock exchanges since 2005.