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Japan's Skymark files for bankruptcy after A380 buying plan fails

Friday, January 30, 2015 - 05:50

Tokyo

SKYMARK Airlines Inc, Japan's third-largest carrier, filed for bankruptcy protection after a decision to purchase six Airbus Group NV A380 superjumbos flopped. The stock was poised to fall by its daily limit.

The shares were untraded in Tokyo after sell offers outnumbered buy