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Japan's Skymark files for bankruptcy after A380 buying plan fails
Published Thu, Jan 29, 2015 · 09:50 PM
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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 bids by about 215 to 1. The stock is set to fall 25 per cent to the lower limit of 237 yen.
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