Japan’s All Nippon Airways (ANA) has agreed to buy up to 20% of bankrupt Japanese low-cost carrier (LCC) Skymark Airlines. The move comes as part of a rehabilitation process for the struggling LCC. Skymark’s bankruptcy in late January was precipitated by its default on an Airbus order for six Airbus A380s. Airbus recently filed a JPY84 billion ($700 million) lawsuit against the carrier contesting missed payments for the aircraft. Whether the ANA deal will include a resumption ...

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