Low-cost airline SkyEurope is set to get a cash injection after securing new ownership.
Athens-based SAPO International S.A and Lisbon-based Longstock Financial Group are taking a controlling stake in the airline, subject to regulatory approval, under a new partnership called Longstock SAPO Ltd, based in Gibraltar.
“Due to the current financial situation of of SkyEurope, Longstock Sapo plans to inject fresh capital in the company,†it said a statement today.
“Longstock SAPO does not intent to launch a mandatory takeover bid for SkyEurope but to apply for the restructuring privilege under the Austrian Takeover Act.â€
