VIENNA Aug 11 Troubled Slovak airline SkyEurope
SKYV.VI won a grace period until Friday to pay outstanding
invoices after Vienna airport temporarily grounded its flights
on Tuesday, airport operator Flughafen Wien (VIEV.VI) said.
Budget airline SkyEurope, which obtained creditor protection
in Slovakia in June and has been seeking to raise new funds for
months, has to pay its debts to Flughafen by Friday, 1300 GMT or
else the operator will suspend all services, Flughafen said.
Vienna airport on Tuesday grounded SkyEurope flights
including to Athens and Nice because it said the operator had
not paid its dues. It resumed its services after SkyEurope
promised to pay them by Friday, Flugafen said.
SkyEurope said last month it had found a new investor who
was ready to inject as much as 16.5 million euros in fresh
equity and also got a 5 million euro bridge loan.
The economic slowdown has hit the airline hard and its
financial problems have added to the woes as it lost even more
passengers because of concerns it may go insolvent. In July,
passenger traffic declined by 37 percent year on year.
(Reporting by Boris Groendahl; Editing by Jon Loades-Carter)