Tokyo-based Skymark Airlines has filed for bankruptcy protection after it was unable to establish a profitable niche in an increasingly competitive Japanese market. Skymark’s board met on the evening of Jan. 28 to decide on the bankruptcy protection filing, according to local media reports. President Shinichi Nishikubo is stepping down and will be replaced by CFO Masakazu Arimori, the carrier said in a filing to the Tokyo Stock Exchange. Details of the filing, first reported by ...

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