Originally Posted by
Nightfire
As a normal company, SkyEurope would have gone down long ago; it never worked profitably ever since it started. It got bailed out a couple of times through various investors ("fresh capital" is what they called it), but in the end, it was all just accounting tricks.
Maybe they will be able to pull yet another trick one or two, and keep going for yet some more months. As they have always done.
And here is an other one (trick of course):
SkyEurope Holding AG announces that the publication of its Q3 Financial Report will be delayed by 1 week as the accounting policies and disclosure requirements have to be adopted due to the creditor protection granted to its subsidiary SkyEurope Airlines a.s.. Therefore, the company will publish its Q3 Financial Report on 4 September 2009 and not on 28 August 2009.
Meanwhile, a few PAX travelling from Vienna to BCN were stuck at Bratislava Apt on Saturday. NE has combined two evening flights into one, they just didn't fit... The show goes on, apparently.
Btw. The initial money the carrier got in 2001 originated in part from EBRD (the European Bank for Reconstruction and Development) and EU funds. I wonder if some of the subsequent loans ("to burn") were also kind of public money?