Jun 2, 2015

Skymark's largest creditor submits rival rehab plan to Tokyo court

Bankrupt Japanese carrier Skymark Airlines Inc. said Monday that its largest creditor has submitted a plan for the airline’s rehabilitation to a court, rivaling the one submitted by the debtor late last week. The plan submitted by U.S. aircraft leasing firm Intrepid Aviation opposes ...

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 ...

Aug 6, 2014

H.I.S. reduces its stake in struggling Skymark to 6.49%

Japanese travel agency H.I.S. Co. reduced its stake in Skymark Airlines Inc. from 7.68 percent to 6.49 percent by the end of last month, according to a report filed Tuesday with a finance bureau of the Finance Ministry. H.I.S. sold shares in the Japanese ...

Skymark fears doom over Airbus A380 cancellation penalty

Aug 1, 2014

Skymark fears doom over Airbus A380 cancellation penalty

Skymark Airlines Inc., Japan’s third-largest carrier, said it’s at risk of going out of business should it have to pay Airbus Group NV a penalty after the planned purchase of six A380 superjumbos fell through. There is “material uncertainty” over whether the company will ...

Skymark eyes ways to finance A380 purchases

Nov 11, 2013

Skymark eyes ways to finance A380 purchases

Skymark Airlines Inc., the only Japanese carrier to order Airbus SAS A380s, is considering several options to raise funds as the budget airline lacks cash to pay for the superjumbos. Sale-and-lease back of the aircraft and using finance from the European Credit Agency are ...