That's a very useful post, discostu1. How on earth did you find this moribund thread?
The End.
According to this article by the Austrian newspaper "Der Standard" SkyEurope is ceasing all flights from Bratislava from tomorrow (Tuesday, 1st September 2009) on.
In the meantime the booking engine on www.sykeurope.com is also already switched off.
The money is burnt. Probably in the real sense of the word by paying for kerosene. Before they grounded as they can now not even pay for this anymore.

I just came back from Larnaca. I planned my holiday on my own, since my country doesnot offer travelling on Cyprus. Airline was the last think I was worried about. Fortunately I got to Larnaca, but then I still had no idea about problems Skyeurope had. When going back, I was informed at the airport that all the flights has been cancelled. Had to pay for new tickets (only:)) 145 euros because hungarian airlines offered all who travelled by Skyeurope much cheaper tickets. And then all across Hungary to get to Graz, Austria where my family picked me up. Not to mention all the problems in Hungary, trains delayed, nobody speaks any other language than Hungarian-I mean it!Not a single word! I was travelling with my boyfriend and this bancrupcy costed us another 500 euros!!what can we do now? I have no idea. Who to turn to? Nobody knows anything and just tells us to wait. And we are living in a modern world, European union and so many institutions that are supposed to protect customers rights!! If anyone has any suggestion or idea I would be very thankful. Špela from Slovenia

#23 Or transfered to a private bank account, according to the latest news. That constitutes a crime so this is not the end of the story.
Anyway, apart from the huge loss for the shareholders, nothing remained from SkyEurope, so any kind of refund or compensation seems very unlikely.
Špela,
My apologisies for you bad experiences in Hungary.

The official response from the EC:
Dear Ms / Mr.,
We acknowledge receipt of your message and, in response to your enquiry would like to inform that the European Commission shares your concern about the problem you faced in your attempt to seek compensation and/or to be refunded of the money you have lost.
On 9 September 2009 the “District Court of Bratislava 1” decided to start the bankruptcy procedure of Sky Europe. Following this decision claimers (customers of SkyEurope) have 45 days to claim their dues to SkyEurope.
Moreover, we would like to inform that same District Court of Bratislava nominated the bankruptcy administrator of Sky Europe on the person of:
Ing. Emil Čerevka
Address: Zámocká 20, 811 01 Bratislava, Slovakia
Reference number of the administrator: S 1344
A form to lodge a claim in case of bankruptcy can be found in the portal of Slovak Ministry of Justice at the following link:
http://www.justice.gov.sk/skp/dwn/konk/03b_prihpohl.pdf (In Slovak only)
Alternatively, you may also use the form – in English- sent to you in attachment.
The claim has to be sent to the competent tribunal (in 1 copy) and 2 copies to the administrator:
- The Contact details of the District Court of Bratislava 1 are:
Okresný súd Bratislava I
Záhradnícka 10
812 44 Bratislava, Slovakia
The E-mail address of the competent service to lodge a case is the following: podatelnaOSBA1@justice.sk
Finally, we would like to inform you that indeed the European Commission has carried on a study on these issues and is assessing the possible scenarios to protect consumer’s interest in case of bankruptcy.
We sincerely hope that the information provided will be of use to you.