Development Bank of Japan

Skymark Airlines Inc

Japan's Skymark submits bankruptcy plan despite creditor opposition

Japan's failed budget carrier Skymark Airlines Inc (SKALF.PK) submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its roughly 300 billion yen ($2.4 billion) debt.

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Skymark Airlines

SMBC, DBJ to take combined 33.4 percent stake in Skymark: sources

Sumitomo Mitsui Banking Corp and the Development Bank of Japan are set to take a combined 33.4 percent stake in bankrupt budget carrier Skymark Airlines Inc (SKALF.PK), giving them veto power over major decisions, sources familiar with the plan said.

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