SkyEurope is finished. They have just received another 15 Million Euros from an investor, since otherwise they would have had to stop operations.
The shares of SkyEurope at the Vienna stock Exchange reflect the financial situation of the company quite well.
Jason Bitter has been sending ridiculous proposals all the time since he became CEO, but has been unable to do anything about the constant decline. It has been obvious for a long time, however, that it was a sinking ship.
Closing Budapest and Krakow bases was like admitting defeat; since then, everybody knew what the reality looked like.
I give them no more than a couple of months from now. They've sold their two own aircraft already, now they have those mentioned 15m to use up; after that, the lights will go out.
