York Capital Management, the US-based hedge fund, has offered to rescue SkyEurope, the struggling central European low cost airline, which has been brought close to collapse by several years of heavy losses.
The airline has been regarded by analysts as one of the European carriers most at risk in the current wave of aviation restructuring, which has seen the recent collapses of several groups including XL Airways, Zoom Airlines and Silverjet in the UK and Spain’s Futura International Airways.
