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SkyEurope Holding

SkyEurope secures a EUR 15 million loan from York Global Finance

Wien (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
borrowings/loan
Bratislava / Vienna, 28 December 2007 - SkyEurope
announces the completion of a  EUR 15 million financing facility from
its largest shareholder, York Global Finance S.a.r.l.
This loan provides SkyEurope with adequate working capital to 
continue with the execution of its turn-around plan without diluting 
shareholders` interests through the issuance of new capital.  The 
loan facility from York is at market terms.
Jason Bitter, CEO said: "We will use the proceeds of this loan to 
continue investing in our growth and we are pleased with the 
confidence our long-term investor York has shown in us.  This loan 
confirms the commitment of York to SkyEurope and their belief in our 
turn-around strategy."
SkyEurope reported a record profit in the fourth quarter of its 
previous financial year, following various operational programmes 
designed to lead the company to profitability.
*** About SkyEurope Airlines *** SkyEurope is the leading low-cost 
airline in Vienna, Prague and Bratislava. We offer flights to 
convenient airports with one of the highest punctuality rates in 
Europe with a fleet of 14 new Boeing 737-700NG aircraft with an 
average age of less than one year.  Over the past 12 months we have 
carried 3.5 million customers.
SkyEurope has been listed on the Vienna and Warsaw stock exchanges 
since 27th September 2005. Further information can be found on 
www.skyeurope.com.
end of announcement                               euro adhoc

Further inquiry note:

SkyEurope Holding AG

Nick Manoudakis, CFO

Tel.:+421 915 782 432

mailto:investor.relations@skyeurope.com

Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market

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