Skymark exits bankruptcy, predicts first profit in three years
Skymark Airlines Inc. exited bankruptcy administration and forecast its first operating profit in three years after reducing its fleet, cutting routes and securing new funding. The carrier expects to report ¥1.5 billion ($13 million) in operating profit and sales of ¥70 billion for the year ...
Skymark files recovery plan, names DBJ director as president
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 ...
Skymark Airlines Inc., the budget carrier that filed for bankruptcy last week, won a pledge from private-equity fund Integral Corp. for ¥9 billion to support it through the restructuring process. Integral will provide Skymark with financing to maintain stable cash flow during the process, the ...
