American Airlines says it won't participate in Skymark Airlines restructuring

[NEW YORK] American Airlines Group Inc has decided not to participate in the restructuring of Japan's bankrupt Skymark Airlines Inc at this time, a spokesman said following a media report that said it was considering a tie-up with Skymark.

"Asia remains an important and evolving part of the competitive landscape, and we are partnered with the premier airline in that region today: Japan Airlines," Josh Freed, an American spokesman, said in an email on Monday, noting that the company had made the decision after studying the current environment surrounding Skymark.

REUTERS