The Slovak trade licence of low-cost airline SkyEurope will expire on October 25 the spokesman for the Ministry of Transport, Post Offices and Telecommunication, Stanislav Jurikovič, told the TASR newswire on July 13. If the ministry does not extend this licence, SkyEurope will not be able to continue to operate in Slovakia.
“In relations with SkyEurope, the ministry is proceeding as a licensing authority. In addition, the licensing authority takes into consideration the [Bratislava I District] Court's ruling enabling the firm's management to carry out restructuring by giving SkyEurope protection from its creditors,” said Jurikovic.
On June 22, SkyEurope announced that it received protection from its creditors by Bratislava I District Court, a move that will enable the firm's management to carry out restructuring.
“SkyEurope has decided on this move voluntarily as this will allow it to gain the time necessary for a full restructuring of the potential of its bases, lines and networks, restructuring the firm’s debts and to make the airline more attractive for a possible new investment,” TASR was told by SkyEurope spokesman Tomáš Kika recently. TASR
Compiled by Zuzana Vilikovská from press reports
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14. Jul 2009 at 14:00