Skymark Airlines to file for bankruptcy protection and reorganization

Skymark Airlines (Tokyo-Haneda) according to ZipangFlyer will reportedly file for bankruptcy protection in the Tokyo District Court, after an emergency board meeting was held today (January 28). Investment fund Integral Corporation will reportedly finance and help Japan’s third largest carrier continue operations.

Skymark Airlines had grand ambitions and recently added Airbus A330-300s and even had Airbus A380s on order. Did they expand too fast? Can they successfully reorganize? What will the new Skymark look like?

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Copyright Photo: Akira Uekawa/AirlinersGallery.com. Skymark Airlines Boeing 737-86N JA73NF (msn 38019) completes its final approach to Haneda Airport in Tokyo.

Skymark aircraft slide show:

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