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Skymark lenders approve rehab plan backed by ANA

Published Wed, Aug 5, 2015 · 09:50 PM
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Tokyo

SKYMARK Airlines Inc's creditors have approved a rehabilitation plan backed by ANA Holdings and rejected one that relied on Delta Air Lines, finalising a path back from bankruptcy for Japan's third-largest airline.

The plan sponsored by ANA met both necessary conditions in Wednes-day's creditors' vote in Tokyo, according to Nobuo Sayama, a partner at Integral Corp, the private-equity firm guiding Skymark's turnaround. To be approved, a plan needed the backing of a majority of cr…

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