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.
Skymark Airlines is asking its loyal customers to remain loyal during this transition and reorganization phase:
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.
ANA (All Nippon Airways) today (February 23) submitted a bid to sponsor the reorganization of Skymark Airlines (Tokyo-Haneda). Today was the deadline set by Skymark’s financial adviser for any airline companies to submit any proposals to rescue the troubled airline according to ZipanguFlyer. In essence, ANA wants to reorganize Skymark as a feeder for ANA. A competing previous bid by AirAsia (Kuala Lumpur) would keep Skymark independent and would allow it grow its presence in Japan. Which way will Skymark and the court go?
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Skymark Airlines will reorganize around the Boeing 737. Boeing 737-86N JA737R (msn 35630) approaches the runway at Narita International Airport near Tokyo.
Skymark Airlines (Tokyo-Haneda) yesterday (January 31) operated its last Airbus A330-300 revenue flight. According to ZipanguFlyer, the last revenue flight from Tokyo (Haneda) was flight BC 727 to Sapporo (New Chitose) operated with Airbus A330-343 JA330D. The final flight was the return leg, flight BC 730 back to Tokyo (Haneda), arriving back at 2236 local time.
Skymark Airlines (Tokyo-Haneda) announced today (January 29) it was filing for bankruptcy protection with the district court in Tokyo. The reorganizing airline announced it would eliminate 15 percent of its flights and ground its Airbus A330-300s on January 31 according to ZipanguFlyer.
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?
Skymark Airlines (Tokyo-Haneda) has been retrenching. Besides the cancellation of its Airbus A380 order by Airbus, the low-fare carrier has also announced it will leave Tokyo Narita and concentrate its flights at Tokyo (Haneda). Now according to ZipanguFlyer, there may be a new development:
“On August 19, the Nikkei Shimbun reported that the AirAsia Group has started considering an investment in ailing Skymark Airlines (BC/SKY), including a possible takeover. It said that the Malaysian LCC, a very important customer for Airbus, is also talking with the European manufacturer to reduce the penalties they are seeking with Skymark for the canceled Airbus A380 order.”
AirAsia is currently working with new Japanese partners to launch the second version of AirAsia (Japan) next year. If this report is correct and it is consummated, it would probably be the end of Skymark Airlines and Boeing would lose a loyal Japanese customer.
Copyright Photo: Ivan K. Nishimura/Blue Wave Group. Boeing 737-81D JA73NN (man 39422) passes through Honolulu on its delivery flight.
Airbus (Toulouse) has issued this short statement:
Following discussions with Skymark Airlines (Tokyo) and in light of the airline’s expressed intentions in respect of the A380, Airbus has in accordance with its contractual rights, notified Skymark Airlines that the purchase order for the six A380s signed in 2011 has been terminated. Airbus is reserving all its rights and remedies.
Read more background information from ZipanguFlyer: CLICK HERE
Can Skymark survive this cancellation? Bloomberg Businessweek explores this question: CLICK HERE
Copyright Photo: Airbus. Msn 162 was due to become JA380A with Skymark. It will now go to another operator.