Tag Archives: NRT

Delta issues this statement regarding the Skymark Airlines’ creditors choice of ANA for the recovery

Delta Air Lines (Atlanta) has issued this statement about the choice of ANA (All Nippon Airways) (Tokyo) to lead the recovery of bankrupt Skymark Airlines (Tokyo):

Delta logo

Creditors have chosen ANA, Japan’s largest airline, to sponsor financially troubled Skymark Airlines’ rehabilitation. Skymark is Japan’s third-largest airline.

Delta had offered to back an alternative plan, an indication of its commitment to serving the region.

Masaru Morimoto, Delta’s managing director of Japan, thanked Skymark’s creditors and business partners for their support of the Creditors’ Rehabilitation Plan. The company said while Delta will not be able to support Skymark as a sponsor airline, Delta’s desire remains for Skymark to recover as one of the three largest Japanese airlines.

“Delta’s strategy in Japan remains strong and the company will continue its ongoing focus on improving the customer experience and network offerings,” he said.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 767-332 ER N196DN (msn 28453) approaches the runway at Narita International Airport (NRT) near Tokyo.

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Peach to launch Tokyo (Haneda) – Taipei (Taoyuan) service

Peach Aviation (Osaka-Kansai) has announced it will launch a new route connecting Tokyo (Haneda) and Taipei (Taoyuan) starting on August 8.

Read the full report from our partner ZipanguFlyer: CLICK HERE

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Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-214 JA807P (msn 5440) arrives in Tokyo at Narita International Airport (NRT).

Peach route map:

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ANA inaugurates the Houston – Tokyo Narita route

ANA – All Nippon Airways (Tokyo) today launched its new Houston (Bush Intercontinental) route to Tokyo (Narita). The airport issued this statement:

ANA Inspiration of Japan logo

Following a ribbon cutting and sake ceremony, the inaugural flight of All Nippon Airway’s (ANA) newest route bound for Tokyo Narita Airport, departed Houston George Bush International Airport this morning (June 12) – underscoring the global importance of the city of Houston.

A member of the Star Alliance and joint venture partner with United Airlines, ANA expanded its nonstop service to Houston, providing passengers with additional daily flights between Houston and Tokyo. Star Alliance members can now choose a morning or afternoon departure in each direction, providing greater flexibility for travelers, especially those taking advantage of ANA’s expanded service to other Asian and American destinations beyond Houston or Tokyo.

The Boeing 777-300 ER used for today’s flight was welcomed to the gate with an official water turret salute. The 250-seat passenger plane includes eight first class and 52 business class seats to accommodate travelers.

Today’s ceremony began with a Taiko Japanese drum performance by local group, Kaminari Taiko. Diaz and Shinobe each addressed the attendees, and they were joined by additional remarks from Jim Compton, United Airlines Vice Chairman and Chief Revenue Officer, and the Honorable Nozomu Takaoka, Consul-General of Japan in Houston and Bob Pertierra, SVP and Chief Economic Development Officer, Greater Houston Partnership. Also in attendance from the office of the Governor of Texas was Oliver Yang, there to present Shinobe with a proclamation. In a gift exchange honoring Texas and Japanese culture, Diaz presented Shinobe with a Stetson cowboy hat and Shinobe reciprocated with an ANA Boeing 777 model plane.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-381 ER JA778A (msn 32651) arrives at Tokyo’s Narita International Airport (NRT).

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It is official: Skymark Airlines turns to ANA, Japan returns to a duopoly

Skymark Airlines (Tokyo-Haneda) today (April 22) made it official. According to our partner ZipanguFlyer, the airline, Integral Corporation and ANA Holdings held a press conference today to announce the deal. As a result, Skymark Airlines will cease to be an independent carrier and  Japan will basically return to a two-airline group nation.

Read the full story from ZipanguFlyer: CLICK HERE

Skymark logo-1

ANA Holdings issued this statement:

ANA Holdings logo

Skymark Inc. (Skymark), Integral Corporation (Integral) and ANA Holdings Inc. (ANAHD) have today agreed upon and executed a memorandum of understanding (the “Memorandum”) stating that Integral and ANAHD will jointly support Skymark which is currently undergoing civil rehabilitation proceedings.

1. Background for the Execution of the Memorandum

Since the commencement order of the civil rehabilitation proceedings was announced on February 4, 2015, Skymark has signed a basic rehabilitation support agreement with Integral on February 5, 2015 and is working to quickly revitalize its business with Integral‟s support.

On February 12, 2015, Skymark appointed GCA Savvian Corporation as its financial adviser to broadly solicit and select sponsors who would be willing to support Skymark in its attempt to maintain and develop the value of Skymark‟s business. Following this selection process, Skymark has decided to appoint ANAHD to be the joint sponsor with Integral and has executed the Memorandum with Integral and ANAHD. ANAHD has experience with the rehabilitation of other Japanese airlines and has offered a wide range of support in sales, supplies and maintenance services to improve the value of Skymark‟s business.

ANAHD is the holding company of All Nippon Airways, ANA Wings, Air Japan Company Limited (full service carrier) Vanilla Air Inc. (a provider of low-cost carrier operations), ANA Sales Co., Ltd. (a travel business provider), All Nippon Airways Trading Company Limited (a trading business provider) and several other companies. ANAHD, whose mission statement is “Built on a foundation of security and trust, the „wings within ourselves‟ help to fulfill the hopes and dreams of an interconnected world,” is Japan‟s largest airline group, and has played a major role in Japan‟s air transportation services for over 60 years.

Beginning today, Skymark, Integral and ANAHD will, under the supervision of the Tokyo District Court and court appointed supervisor, hold detailed negotiations on the basis of the Memorandum and will execute sponsorship agreements and formulate a proposed rehabilitation plan (the “Proposed Rehabilitation Plan”) as part of the civil rehabilitation proceeding.

2. Main Points of the Memorandum

The Memorandum stipulates the basic conditions of the joint sponsorship by Integral and ANAHD of Skymark in order to achieve the revitalization of its business as an independent corporation, with shares issued by Skymark to be re-listed on the stock market as soon as possible.

The overview of the Memorandum is as follows;

(1) Capital Contribution and Payment of Debts

It will be stipulated in the Proposed Rehabilitation Plan that Skymark will perform a 100% capital reduction. After a confirmation order for the Proposed Rehabilitation Plan becomes final and binding, Skymark will perform a capital increase through the allocation of new shares. Integral, ANAHD and other entities will subscribe to these shares and become new shareholders.

The total amount of planned investment is 18 billion JPY, which will be used for the payment of debts (comprising common benefit claims, preferred claims and rehabilitation claims) outstanding at the time the confirmation order of the Proposed Rehabilitation Plan becomes final and binding.

The ratio of capital contributions and voting rights shall be apportioned such that Integral will hold 50.1%, ANAHD will hold a maximum of 19.9%, with other entities holding the remainder. Integral and ANAHD will mutually discuss the capital contribution by other entities and decide on such capital contribution by the time of submission of the Proposed Rehabilitation Plan.

In addition, Skymark is planning to execute commitment lines with financial institutions with the support of Integral and ANAHD to ensure that Skymark has the necessary working capital for its business operations.

  1. (2)  Board of Directors
    After the confirmation order of the Proposed Rehabilitation Plan becomes final and binding, the number of directors to the Board of Skymark will be 6. Of these, 3 will be appointed by Integral, 1 will be appointed by ANAHD and the remaining 2 will be decided after discussions between Integral, ANAHD and other contributors. It is contemplated that one of the directors appointed by Integral will be the Chairman and one of the directors appointed by ANAHD or other shareholders will be the President.
  2. (3)  Employment of Employees
    The employment of Skymark‟s employees will, as a general principle, be maintained.
  3. (4)  Re-Listing on the Stock Exchange
    Integral and ANAHD have agreed to make their best efforts and mutually cooperate to work to the common goal of improving the value of Skymark‟s business and to re-list the shares issued by Skymark on the stock market within 5 years of their investment

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-8Q8 JA737T (msn 35290) completes its final approach to the runway at Tokyo (Narita).

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Skymark Airlines to rebrand with a new name and livery

Skymark Airlines (Tokyo) continues to struggle as it reorganizes under bankruptcy protection. According to ZipanguFlyer, the carrier has confirmed it will rebrand and change its name and livery as possibly as early as July. The airline continues to look for another airline to help it exit bankruptcy. The carrier’s greatest asset is its 36 Haneda Airport slots.

Read the full report: CLICK HERE

SKY-Skymark logo

Skymark Airlines is asking its loyal customers to remain loyal during this transition and reorganization phase:

Skymark message

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-8FZ JA737U (msn 29680) with the special “One Piece” markings arrives at Tokyo (Narita). One Piece is a Japanese manga series written and illustrated by Eiichiro Oda.

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Asiana Airlines to launch a second budget airline, tentatively named “Seoul Air”

Asiana Airlines (Seoul-Incheon) according to the The Korea Herald is planning to launch a second budget airline, tentatively named “Seoul Air”. The new entity would take over the short, less profitable international routes the main carrier now flies with narrow body aircraft.

Read the full story: CLICK HERE

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Air Busan is 46 percent owned by Asiana. Air Busan operates only from the city of Busan. Air Busan Airbus A321-231 HL7723 (msn 2045) arrives in Tokyo (Narita).

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Jetstar Japan launches its first international route

Jetstar Japan (Tokyo-Narita) yesterday (February 28) launched its first international route linking Osaka (Kansai) and Hong Kong.

Read the full report from ZipanguFlyer: CLICK HERE

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-232 JA10JJ (msn 5520) arrives at Tokyo (Narita).

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