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April 30, 2024
 

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SKYMARK

BUSINESS
Apr 8, 2015
Business failures fell below 10,000 in fiscal 2014, first time in 24 years
The number of corporate bankruptcies fell 9.4 percent in fiscal 2014 to 9,543, dropping below 10,000 for the first time in 24 years, according to the Tokyo Shoko Research.
BUSINESS / Companies
Mar 4, 2015
Skymark to suspend Yonago route from September
Bankrupt Skymark Airlines Inc. said Wednesday it will suspend flights to and from Yonago Kitaro Airport in Tottori Prefecture from Sept. 1 as one measure of many to restore its financial health.
BUSINESS / Companies
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.
Japan Times
BUSINESS
Feb 20, 2015
Travel agency H.I.S. among applicants to sponsor bankrupt Skymark
Major Japanese travel agency H.I.S. Co. has applied to extend support to bankrupt Skymark Airlines Inc., a company official said, with around 20 companies believed to have offered support from outside the airline industry by the deadline on Thursday.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies / ANALYSIS
Feb 12, 2015
Skymark's $612 million airport slots represents a lifeline from bankruptcy
Skymark Airlines Inc. may have filed for bankruptcy and seen its passenger numbers dwindle. It still holds an asset worth about $612 million in annual revenue that offers a path out of bankruptcy.
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
EDITORIALS
Feb 2, 2015
Turbulent times for Skymark
Skymark Airlines Inc., the nation's third-largest carrier, which filed for bankruptcy protection last week after its moves to buy a fleet of Airbus A380 superjumbos to expand into the international flight market flopped, should seek to rebuild itself by refocusing on and consolidating its domestic operations.
Japan Times
BUSINESS / Companies
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.
BUSINESS / Companies
Jan 29, 2015
Bankrupt Skymark begins search for sponsors
Skymark Airlines will try to find sponsors to stay afloat as it restructures but might drop unprofitable routes, new Skymark President Masakazu Arimori says.
BUSINESS / Companies
Jan 28, 2015
Skymark to file for protection from creditors
Struggling Skymark Airlines Inc. will file for protection from creditors at the Tokyo District Court, sources familiar with the matter said on Wednesday.
BUSINESS
Jan 14, 2015
ANA eyes code-sharing with Skymark from March
All Nippon Airways Co. plans to start code-sharing with struggling Skymark Airlines Inc. from late March, a source said Tuesday.
Japan Times
BUSINESS / Companies
Dec 16, 2014
Struggling Skymark Airlines in code-sharing talks with both ANA and JAL
Struggling Skymark Airlines Inc. has started talks with All Nippon Airways Co. over code-sharing after beginning similar discussions with rival Japan Airlines Co., sources close to the matter said Tuesday.
Japan Times
BUSINESS
Dec 10, 2014
Skymark plans to request support from ANA
Struggling Skymark Airlines Inc. said Wednesday it is considering seeking assistance from All Nippon Airways Co. after facing criticism for its pursuit of a similar business alliance with Japan Airlines Co.
Japan Times
BUSINESS / Companies / FOCUS
Nov 29, 2014
JAL-Skymark plan poses hazard to aviation market
With the government reluctant to push any tie-up, the outlook for the partnership that struggling Skymark Airlines Inc. is aggressively seeking to form with Japan Airlines Co. remains cloudy.
BUSINESS / Companies
Oct 30, 2014
Skymark says it may collapse if forced to pay A380 contract fine
Skymark Airlines Inc., the nation's third-largest carrier, repeated it is at risk of going out of business should it have to pay Airbus Group NV a penalty after its planned purchase of six A380 superjumbos fell through.
BUSINESS
Aug 15, 2014
Struggling Skymark Airlines to stop flying from Narita airport, hike fares
Struggling Skymark Airlines Inc. said Thursday it will stop flying from Narita airport, Japan's second-biggest airport, to focus on operations from Haneda, the nation's busiest airport, and also plans to raise ticket prices on almost all its routes.
Japan Times
BUSINESS / Companies
Aug 6, 2014
Struggling Skymark Air reportedly to withdraw from Narita airport
Skymark Airlines Inc., Japan's third-largest air carrier, is considering shutting down its operations at Narita International Airport in a bid to turn its business around, industry sources said Wednesday.
BUSINESS
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.
When will Japan intervene to support the yen?
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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