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 ...

Orix mulls aiding bankrupt Skymark Airlines

Feb 17, 2015

Orix mulls aiding bankrupt Skymark Airlines

Leasing firm Orix Corp. may invest in bankrupt Skymark Airlines Inc. as the carrier restructures, sources close to the matter said on Tuesday. Orix is one of the nation’s biggest nonbank financial companies. Its businesses include aircraft leasing. It plans to inform Skymark by ...