Sep 29, 2015

Skymark launches new management team as it implements turnaround plan

Embattled carried Skymark Airlines launched a new management team Tuesday to implement a rehabilitation plan, picking top officials at an extraordinary shareholders meeting. Skymark concluded a code-sharing pact with All Nippon Airways, a unit of ANA Holdings Inc., as part of the rehabilitation plan, ...

Sep 29, 2015

Shipping firm Daiichi Chuo Kisen files for bankruptcy

Shipping firm Daiichi Chuo Kisen Kaisha said Tuesday it has filed for bankruptcy protection. It reported liabilities of ¥119.6 billion. The failure of the mid-size maritime shipping company is attributed to sluggish market conditions due to the slowing of the Chinese economy and higher ...

Finland's Santa center goes bust as Russian visitors slide

Aug 21, 2015

Finland's Santa center goes bust as Russian visitors slide

Finland’s Santa Claus Office has been declared bankrupt over unpaid taxes after a sharp drop in visits from recession-hit Russians, once the center’s best customers. But Managing Director Jarmo Kariniemi said he believed the company, which employs around 20 people, could yet avoid closure ...

Jun 5, 2015

Major Skymark creditor approaches Delta over rehabilitation

Intrepid Aviation, the largest creditor of Skymark Airlines Inc., has approached Delta Air Lines Inc. about cooperating on rehabilitating the bankrupt Japanese carrier, a Delta source said Friday. Intrepid has opposed a Skymark rehabilitation plan that would tap ANA Holdings Inc. as a rehabilitation ...

Mar 24, 2015

Skymark pays ¥3 billion in Haneda landing fees

Failed Skymark Airlines has paid the government some ¥3 billion in overdue landing fees at Tokyo International Airport at Haneda and other state-managed airports, Jiji Press learned Monday. Skymark believes it necessary to keep its takeoff and landing slots at Haneda in order to ...

Mar 6, 2015

Arts book publisher Bijutsu Shuppan-sha files for court protection

Bijutsu Shuppan-sha Co., a publisher of art books and magazines, including the widely acclaimed Bijutsu Techo magazine, has filed for court protection from creditors after being in business for more than a century. According to credit research agency Teikoku Databank, the Tokyo-based publisher had ...

Feb 23, 2015

ANA Holdings to help Skymark recover from bankruptcy

ANA Holdings Inc., parent of All Nippon Airways Co., said Monday it has notified bankrupt Skymark Airlines Inc. of its plan to take part in the struggling airline’s restructuring. Its support may include a capital tie-up, joint purchase of jet fuel and code-sharing, ANA ...