An executive of the Development Bank of Japan is expected to be named president of Skymark Airlines Inc. in a restructuring plan the bankrupt carrier was to submit to a court later Friday, sources said.

Masahiko Ichie, director and managing executive officer of the state-backed DBJ, will likely assume the presidency after the Tokyo District Court and creditors accept Skymark's revamp plan, which includes sponsorship deals.

Ichie is judged to be qualified for the position because he is well-versed in the aviation industry and has extensive experience in supporting corporate rehabilitation proceedings, such as that of supermarket chain operator Daiei Inc., the sources said.