€5m package to save Skynet

A consortium of Russian and Irish investors has assembled a €5 million investment package to save Skynet, the Shannon airline that is currently in examinership.

Ian Kehoe - avatar

Ian Kehoe

29th October, 2005

A consortium of Russian and Irish investors has assembled a €5 million investment package to save Skynet, the Shannon airline that is currently in examinership.

The examiner, Dublin accountant Jim Luby, has finalised a deal which will be put to the High Court for approval later this week. The deal has already been sanctioned by the firm's creditors.

Skynet, which holds a certificate to operate flights between Moscow and New York through Shannon, suspended trading...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago