SkyEurope Airlines will sell two 737-700s scheduled for delivery this month and next for a profit of $10 million that it will use to boost its sagging financial base during the winter season, Austrian media is reporting. The company reportedly also will sell its aircraft handling unit at Budapest (ATWOnline, Sept. 6), where it will close its base this month, for an additional €3.5 million ($4.9 million). With the two deals, SkyEurope should have €17 million in cash reserves for ...

Subscribe to Access this Entire Article

"Other News - 10/05/2007" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.