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Hungarian low-cost carrier Wizz Air has now clearly overtaken its main regional rival, Slovakia’s SkyEurope. Once Eastern Europe’s largest discount airline, SkyEurope has failed to turn a profit since its founding in 2002 and was forced to file for creditor protection in June 2009.

Since then, the Slovak carrier’s woes have only gotten worse. The carrier failed to reach a deal with Vienna’s Schwechat Airport last Friday, which led to the cancellation of all flights from SkyEurope’s Central European hub. SkyEurope reportedly has a significant outstanding debt with airports in both Vienna and Prague and as such, Schwechat has decided to stop servicing all SkyEurope flights.

source: kanadaihirlap.com

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