Skymark Airlines Seeks Bankruptcy Proceedings

TOKYO, JAPAN - JANUARY 29: Skymark Airline's new president Masakazu Arimori is surrounded by media reporters after a press conference on their filing for bankruptcy protection on January 29, 2015 in Tokyo, Japan. The third biggest airline in Japan filed for bankruptcy protection at the Tokyo District Court yesterday. Shinichi Nishikubo stepped down as Skymark president with immediate effect and replaced by Arimori. The Tokyo Stock Exchange also announced that Skymark's stock would be delisted on March 1. Skymark was established in 1996 and made a name for itself with its low fares. However, passengers moved away from Skymark amid intensified competition with other low-cost carriers and after the airline raised fares to improve its profitability. (Photo by The Asahi Shimbun via Getty Images)
TOKYO, JAPAN - JANUARY 29: Skymark Airline's new president Masakazu Arimori is surrounded by media reporters after a press conference on their filing for bankruptcy protection on January 29, 2015 in Tokyo, Japan. The third biggest airline in Japan filed for bankruptcy protection at the Tokyo District Court yesterday. Shinichi Nishikubo stepped down as Skymark president with immediate effect and replaced by Arimori. The Tokyo Stock Exchange also announced that Skymark's stock would be delisted on March 1. Skymark was established in 1996 and made a name for itself with its low fares. However, passengers moved away from Skymark amid intensified competition with other low-cost carriers and after the airline raised fares to improve its profitability. (Photo by The Asahi Shimbun via Getty Images)
Skymark Airlines Seeks Bankruptcy Proceedings
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The Asahi Shimbun / Contributor
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29 January, 2015
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