Tag Archives: Tokyo

Ethiopian Airlines extends its Hong Kong route to Tokyo Narita

Ethiopian Airlines (Addis Ababa), as planned, on April 21 extended the Addis Ababa – Hong Kong route to Tokyo (Narita) in association with Star Alliance partner ANA (Tokyo). The route is operated three days a week with its Boeing 787-8 Dreamliners.

Copyright Photo: AirlinersGallery.com. Boeing 787-8 ET-AOV (msn 34750) touches down in London (Heathrow).

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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

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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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DOT announces a tentative decision to allow Delta Air Lines to keep the Seattle-Tokyo Haneda route (with stipulations), Hawaiian Airlines strongly reacts

The U.S. Department of Transportation (DOT) (Washington) has issued this tentative decision to allow Delta Air Lines (Atlanta) to retain the Seattle/Tacoma – Tokyo Haneda route provided the carrier operates daily, year-round service on the route. Here is the full statement:

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The U.S. Department of Transportation (DOT) on March 27 proposed to permit Delta Air Lines to retain its authority to provide daily service between Seattle, Washington and Tokyo’s downtown Haneda Airport, but subject to additional conditions designed to ensure that Delta maintains a daily service in the Seattle market year-round.

DOT initiated this proceeding in late 2014 after it learned that Delta planned extensive winter season cutbacks for its Seattle-Haneda service. Instead of the daily service it had proposed in winning the route in a 2013 selection proceeding conducted by DOT, Delta would operate the service for approximately only one week every 90 days between October 2014 and late March 2015. American Airlines and Hawaiian Airlines, citing Delta’s failure to serve the route as it had proposed, each proposed to replace Delta and committed to operating daily flights from Tokyo’s Haneda Airport to Los Angeles and Kona, Hawaii, respectively.

In consideration of Delta’s recommitment to year-round daily service, DOT tentatively determined that it was in the public interest to permit Delta to retain the Seattle-Haneda route. However, any failure by Delta (absent DOT authorization) to operate any Seattle-Haneda flight, year-round, in either direction, would constitute a violation of its authority. Additionally, any failure by Delta (absent DOT authorization) to perform Seattle-Haneda service on two days of any seven-day period would mean the immediate loss of Delta’s authority.

DOT selected American Airlines’ proposal to provide Los Angeles-Haneda service as a backup should Delta fail to meet its requirements in serving the Seattle market.

Objections to the tentative decision are due by April 6, 2015. If objections are filed, answers to objections will be due April 13, 2015.

Delta issued this statement:

DELTA AIR LINES LOGO

“Delta thanks the U.S. Department of Transportation for its tentative decision to allow the airline to continue its service between Seattle and Haneda Airport in Tokyo. After an extensive review, the DOT concluded that Delta’s Seattle-Haneda service provides the best public use of the available slot pair between the U.S. and Haneda Airport. Earlier this month, Delta resumed its nonstop service between Seattle and Haneda after a temporary seasonal suspension. Delta will operate year-round, nonstop flights between Seattle and Haneda as we continue to grow Delta’s international gateway at Seattle-Tacoma International Airport.”

Meanwhile Mark Dunkerley, President and CEO of Hawaiian Airlines (Honolulu), issued this strong response to the tentative DOT decision for Delta to keep the Tokyo Haneda slots:

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The tentative decision issued by the U.S. Department of Transportation on March 27 to allow Delta Air Lines to retain the valuable right to fly from Tokyo’s Haneda International Airport for largely unused service to Seattle is tremendously disappointing. We are further disappointed that the U.S. DOT has determined that should Delta’s planned service continue to fail, the Haneda slots will be assigned to American Airlines.

Hawaiian is the only airline to have operated Haneda service continuously and successfully since the slot rights were granted. Our proposal provided more seats and would have resulted in more travelers flying between Japan and the United States than either Delta’s or American’s proposal. Kona is the largest unserved market in this proceeding, and Hawaiian’s proposed route would have generated more economic benefit than that offered by either Delta or American. None of these facts are in dispute by the DOT.

Sadly, by dismissing Hawaiian’s proposed Kona route as just simply being additive to the routes already serving Hawaii, the DOT has once more failed to appreciate the geography of the 50th state. Kona and Honolulu are separate markets, separate communities and indeed are located on separate islands. The tentative ruling also reveals a long-held institutional bias among decision makers favoring the interests of U.S. business travelers over those of U.S. travel-related businesses and travelers in general.

Hawaiian will be considering its next steps in this proceeding in the coming days.

Copyright Photo: TMK Photography/AirlinersGallery.com. Delta’s Airbus A330-223 N860NW (msn 778) is pictured in action at Seattle-Tacoma International Airport (SEA).

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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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Air Canada to operate the new Boeing 787-9 from Toronto to Tokyo Haneda

Air Canada 787 International Business Cabin 1 (Air Canada)(LRW)

Air Canada (Montreal) is planning to operate the new Boeing 787-9 Dreamliner daily on the Toronto (Pearson) – Tokyo (Haneda) route starting on December 1. The new type will replace existing Boeing 777-200 LR equipment.

Air Canada 787 (AC)(LRW)

Copyright Photos: Air Canada. Above: Business Class on the Boeing 787.

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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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