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Japan's ANA to take stake in Skymark Airlines

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ANA's stake is kept at less than 20 per cent so that it will not be forced to surrender some of its landing rights at Haneda airport.

Tokyo

ANA Holdings has agreed to acquire a stake of up to 19.9 per cent in bankrupt budget carrier Skymark Airlines, gaining access to highly coveted landing slots and strengthening its lead over rival Japan Airlines Co.

Under the deal, Japanese private equity firm Integral Corp,

sentifi.com

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