SkyEurope Files for Bankruptcy

Slovak-based budget airline SkyEurope suspended all of its operations on August 31 and has now filed for bankruptcy.
A statement from the airline says that the situation has been caused by: “recent actions of suppliers, and reduced passenger bookings and traffic revenue.  All flights were suspended with immediate effect and the airline advised travellers who have booked, to seek refunds via credit cards or through the appropriate travel agent.
The Association of British Travel Agents’ (ABTA) Chief Executive Mark Tanzer said: “The failure of SkyEurope has again highlighted the gaps in the current financial protection system, which will leave some customers out of pocket and stranded abroad.
“The current system only protects passengers who booked flights as part of a package holiday, and will ensure they will be brought home free of charge or rebooked onto other airlines.  However, in stark contrast, the majority of customers who will have booked independent arrangements may or may not get their money back as the airline has stated that it is unable to provide refunds.”
SkyEurope provided flights to a variety of European destinations using its fleet of six Boeing 737s.