The Traderszone Network

Published in TZ Latest News 28 May, 2015 by The TZ Newswire Staff

Japan’s Skymark to seek revival plan approval despite creditor opposition: sources

Failed Japanese budget carrier Skymark Airlines Inc (SKALF.PK) will seek court approval on Friday for a revival plan despite opposition from creditors Airbus Group (AIR.PA) and Intrepid Aviation Ltd (INTR.N), two people familiar with the matter said. European jet maker Airbus and aircraft leasing company Intrepid have both threatened to block Japan’s biggest airline, ANA Holdings , from buying a 16.5 percent stake in Skymark in a bid to persuade ANA to purchase or lease Airbus jets, people familiar with the situation previously told Reuters.

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