Airline Air Slovakia applies for bankruptcy.

By bne IntelliNews May 26, 2010
Airline Air Slovakia applied for bankruptcy proceedings with the Bratislava First District Court upon the proposal of the companys trustee Vladimir Neuschl, the court spokesman Pavol Adamciak confirmed. The move of the carrier was prompted by the withdrawal of its trade license for air traffic services by the transport ministry with the deadline for appealing of this decision expiring on May 24. As we reported earlier, the ministry cancelled the trade license of Air Slovakia since the company could not guarantee sufficient financial capacity to support its operations and moreover, it lost also its operating license from the domestic civil aviation authority. Adamciak noted that the court should decide to allow bankruptcy proceedings for the airline in a fifteen days period from receiving the official application from the company. Air Slovakia transported 56,541 passengers on charter flights at the Bratislava international airport in 2009, representing a decline of 77.5% y/y. It ranked as the second largest charter operator at the airport for the year.

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