Troubled low-cost carrier SkyEurope Airlines said that it was in talks with Portuguese investor Longstock SAPO Limited over a possible equity injection.

SkyEurope Chief Financial officer Nick Manoudakis confirmed the talks, after the Slovak-Austrian airline announced it had received a bridging loan worth 10 million Euro (USD 13 million) from Longstock, which is registered in Gibraltar.

Manoudakis told Deutsche Presse-Agentur (dpa) that his company needed to find an investor “as soon as possible to calm the market and suppliers.”

The carrier, which is listed on the Vienna stock exchange and operates from Slovakia, has until December 22 to repay 25 million Euro of earlier loans to its biggest shareholder, the US investor York Global Finance.

 As of September, SkyEurope’s cash reserves stood at 1.3 million Euro, and Manoudakis said that liquidity was still low. The net loss for the airline’s business year running until the end of September more than doubled to 59.4 million Euro, as results were affected by high fuel prices.