REFILE-ANA to take up to 19.9 pct stake in bankrupt budget carrier Skymark
April 22, 2015 9:07 am
ANA Holdings Inc has agreed to buy a stake of up to 19.9 percent in bankrupt budget carrier Skymark Airlines Inc, gaining access to highly coveted landing slots and strengthening its lead over rival Japan Airlines Co.
Under the deal, Japanese private equity firm Integral Corp, which has provided funds to keep Skymark in business since its bankruptcy in January, will hold just over 50 percent.
ANA’s stake has been kept at less than 20 percent so that it will not be forced by Japanese regulators to surrender some of its landing rights at Tokyo’s Haneda airport, sources have said.
The material has been provided by InstaForex Company – www.instaforex.com
ANA Holdings Inc has agreed to buy a stake of up to 19.9 percent in bankrupt budget carrier Skymark Airlines Inc, gaining access to highly coveted landing slots and strengthening its lead over rival Japan Airlines Co.
Under the deal, Japanese private equity firm Integral Corp, which has provided funds to keep Skymark in business since its bankruptcy in January, will hold just over 50 percent.
ANA’s stake has been kept at less than 20 percent so that it will not be forced by Japanese regulators to surrender some of its landing rights at Tokyo’s Haneda airport, sources have said.
The material has been provided by InstaForex Company – www.instaforex.com