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Second attempt to sell Slovak Airlines assets fails

A second attempt to sell off the assets of bankrupt airline company Slovenské Aerolínie (SA) sparked absolutely no interest from investors, the company's official receiver, Vladimír Neuschl, wrote in the Commercial Bulletin.

A second attempt to sell off the assets of bankrupt airline company Slovenské Aerolínie (SA) sparked absolutely no interest from investors, the company's official receiver, Vladimír Neuschl, wrote in the Commercial Bulletin.

Therefore, in line with the approved tender terms, a third round of bidding will be organised.

Ten sets of assets were offered for sale in the first round. The company's credit committee recommended the receiver secure activities related to inspection, protection and securing of assets of the bankrupt company, as well as optimising the rental of assets that bring proceeds to the company, and rental contracts serving for storage of these assets until their sale. The receiver should also continue collecting the company's receivables from its trade partners and administering the company's assets, the SITA newswire wrote.

Vladimír Neuschl was elected the new official receiver of the assets at a credit meeting on October 5, 2007. SITA

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