Tag Archives: bankruptcy protection

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?

Read the full report: CLICK HERE

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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XL Airways Germany files for bankruptcy protection

XL Airways Germany (Frankfurt) after suspending operations for the winter season on December 14, filed for bankruptcy protection and reorganization in the local district court in Darmstadt, Germany on December 27.

Copyright Photo: Arnd Wolf. Wearing the special livery for tour operator ITS.

XL Airways Germany: AG Slide Show

Air Finland shuts down and files for bankruptcy protection

Air Finland (Helsinki) operated its last flight last night (June 26) and immediately filed for bankruptcy protection. The airline commenced operations on April 3, 2003. The closure has stranded around 1,000 passengers.

Read the full report from YLE – Uutiset: CLICK HERE

Copyright Photo: Ton Jochems. 

Air Finland: