From our partner ZipanguFlyer in Japan:
On August 5, the creditors of bankrupt Skymark Airlines (Tokyo) approved the bankruptcy reorganization plan backed by ANA Holdings, the parent of ANA-All Nippon Airways (Tokyo), over the Delta Air Lines (Atlanta) sponsored proposal submitted by the largest Skymark creditor, Intrepid Aviation.
ANA has agreed to buy the undelivered Skymark Airbus A380s to gain support from Airbus and Rolls-Royce.
If finally approved, ANA and JAL will directly or indirectly control 100% of the domestic market at Tokyo’s Haneda Airport and 97% of the domestic market according to ZipanguFlyer.
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Top Photo: Airbus. Can ANA operate the Airbus A380 in Japan profitably? ANA needed the support of Skymark creditors Airbus and Rolls-Royce to win out over ANA.
Video: The making of the first Skymark Airbus A330: