SkyGreece Files For Bankruptcy

Open Jaw

A week after announcing it was ‘temporarily’ ceasing operations, leaving 1,000 pax stranded, SkyGreece Airlines has told the Canadian Transportation Agency that it is filing for bankruptcy.


The airline had until 5 p.m. yesterday to respond to a preliminary ruling from the CTA that it had failed to meet its contractual obligations to its passengers. The document was sent from Ernst & Young Inc, the proposed trustee for the bankruptcy proceedings.


In a news release sent out last week, SkyGreece blamed the ongoing financial crisis in Greece for its woes.


“In spite of the resulting immediate and dramatic reduction in ticket sales, the Company’s founders have worked tirelessly to maintain scheduled service,” the release stated. “Unfortunately, as a result of recent technical issues, the Company is now facing a system-wide multi-day delay and significant additional expenses.”


The SkyGreece website has now been replaced with an error message.

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