Low cost airline SkyEurope goes bankrupt

BRATISLAVA, SLOVAKIA: SkyEurope Airline AS, a Central European discount airline, says it has filed for bankruptcy ``due to the lack of sufficient interim funding to finance ongoing operations.''

Trading in the company's stock was suspended from the start of trading on Tuesday, a statement from the Vienna Stock Exchange said Tuesday.

SkyEurope says in the statement that it suspended its sales and operations immediately.

The troubled airline obtained credit protection in Slovakia in June. It reported a loss of close to euro60 million ($85.63 million) in the 2007-2008 business year, with a turnover of euro260.9 million.