SkyEurope considering double landing on CEE bourses

According to unofficial sources, the company is thinking about simultaneously entering the bourse in Vienna, which could take place right after the summer. "The debut on the WSE is a good idea, especially now that budget airlines are becoming more and more popular," said Adam Ruciński, financial consultant from TFI PZU. But he also added that the company is subject to large seasonality of its services. In March this year SkyEurope expanded its capital by EUR 10 million, which was part of the financing program started in July 2004. Some 52% of the firm's shares is owned by SkyEurope Holding, which is a consortium of the European Bank for Reconstruction and Development, Dutch bank ABN Amro and the European Investment Fund. In 2004 the company serviced 956 passengers, and increased its sales to EUR 63 million, as compared to EUR 13.1 million in 2003. (Puls Biznesu, p. 5) A.F.