Investor found: Struggling SkyEurope signs equity investment agreement

SkyEurope Holding signed two separate financing agreements on 31-Jul-09 to provide additional liquidity for its operations, a significant and positive step for the struggling LCC, which has been operating under creditor protection since Jun-2009. [828 words]

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This report contains the following subheadings:

• And a bridging loan agreement too
• Making the most of creditor protection
• Capital cut approved to better reflect capital position
• Trade licence extended
• Shrinking to meet demand levels in current environment
• Keeping quiet about CEO resignation

This report contains the following charts and tables:

• SkyEurope traffic highlights for Jul-2009