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Internet tycoon's bet turns sour on superjumbos

Monday, August 4, 2014 - 06:00
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Mr Nishikubo: The Skymark Airlines president says he still wants to buy A380s. - PHOTO: AFP

[TOKYO] Internet entrepreneur Shinichi Nishikubo turned around the unprofitable Japanese budget carrier Skymark Airlines Inc after taking a stake in 2003 and becoming its president the following year. Now he faces another crisis as a plan to buy Airbus Group NV A380 jets turns sour.Skymark