DJ euro adhoc: SkyEurope Holding / other / SkyEurope announces that the EUR 15 million loan becomes due and payable on 22 November 2008.

DJ euro adhoc: SkyEurope Holding / other / SkyEurope announces that the EUR 15 million loan becomes due and payable on 22 November 2008.

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  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
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31.10.2008 

SkyEurope Holding AG ("SkyEurope") announces that the EUR 15 million loan
granted in December 2007 by York Global Finance II S.a r.l. ("York") to
SkyEurope Airlines a.s, becomes due and payable, according to the terms of the
loan, on or before 22 November 2008. 

The further EUR 10 million bridge loan facility granted in September 2008 by
York to SkyEurope Airlines a.s becomes due and payable, according to the terms
of the loan, on or before 5 November 2008. This maturity date may be extended at
the Lender's discretion according to the bridge loan agreement. 

Repayment of the EUR 15 million loan of December 2007 was guaranteed by
SkyEurope Holding AG, which guarantee is secured by the pledge of all shares of
SkyEurope Holding AG in SkyEurope Airlines a.s. The granting of this pledge was
authorized under item 8 of the agenda of the Annual General Meeting of February
14, 2008. 

end of announcement                               euro adhoc
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(END) Dow Jones Newswires

October 31, 2008 12:16 ET (16:16 GMT)