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GECAS terminates SkyEurope aircraft lease

9th January 2009 - 16:29 GMT | by The Shephard News Team


SkyEurope has announced that leasing company GECAS has terminated the leases for six aircraft operated by SkyEurope Airlines as of 8 January and that the aircraft have been returned to GECAS.

In a press release, the company says that the aircraft capacity has been replaced and SkyEurope continues to operate all scheduled flights.

The company also reports that they and Longstock SAPO Limited, a limited liability company with its registered offices in Gibraltar have agreed on the extension of the deadline for the first installment in relation to the EUR 10m bridge loan facility dated 11 December 2008.

SkyEurope is also pleased to report that E-Clear UK PLC has agreed to continue releasing funds from credit card sales to SkyEurope Airlines a.s., based on flown revenues, to provide on-going liquidity. According to SkyEurope’s records, approximately EUR 10m of flown revenues are held by E-Clear UK PLC.

The Shephard News Team


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