Business / Corporate Feb 6, 2015

Skymark wins Integral's support after bankruptcy filing

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 ...

Skymark eyes another airline's assistance for rehabilitation

Business / Corporate Feb 4, 2015

Skymark eyes another airline's assistance for rehabilitation

Bankrupt Skymark Airlines Inc. is eyeing seeking another airline's assistance for its rehabilitation plan involving cost-cutting steps such as joint procurement of fuel, according to a document filed with the Tokyo District Court. The application seeking court protection from creditors, filed Jan. 28, also shows ...

Skymark shares plunge 88% on Tokyo Stock Exchange

Business / Corporate Feb 2, 2015

Skymark shares plunge 88% on Tokyo Stock Exchange

Shares in Skymark Airlines Inc., which filed for bankruptcy last week, suffered a record plunge Monday after the Tokyo Stock Exchange scrapped the daily price fluctuation limit. They slumped 88 percent to ¥19 as of the close. The stock fell as low as ¥16 during ...

Business Jul 29, 2014

Skymark seen scrubbing order for six Airbus A380s

Airbus Group NV has agreed to drop an order for six A380 superjumbos by Japanese low-cost carrier Skymark Airlines Inc., sources saidn, in a blow to a program that's struggled to keep customers. Skymark can't afford the aircraft, said the sources, who asked not to ...