Skymark, ANA & JAL in gov’t brokered tie-up

Happier days: Airbus has now taken Skymark to court over the failed deal to purchase six A380-800s - a purchase that has been questioned by many aviation analysts as to why both parties embarked on the deal to begin with.


ANA & JAL in gov’t brokered tie-up Skymark


Tokyo, Haneda-based Skymark Airlines has reportedly agreed to a Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLITT ) proposal involving partnering both All Nippon Airways (ANA) and Japan Airlines (JAL) in a bid to rescue its flagging fortunes.

 

Skymark was recently taken to an English court by Airbus Industrie over a failed order for six A380-800s made in July 2014. Airbus had cancelled Skymark’s order after the low cost carrier was unable to pay for the installments due earlier this year. Skymark already operates five A330-300s and has additional five aircraft on order via lessors. Skymark’s network is purely domestic and had planned to go long-haul with the  A380s.

 

Japan’s Asahi newswire said the Ministry has remained steadfast on a joint tie-up amid concerns that any deal favouring one of the country’s two major carriers would lead to a distortion of the local market. According to the details of the plan, beginning in either March or April, about 20 per cent of seats on Skymark’s flights from Tokyo Haneda to Sapporo Chitose, Kobe, Fukuoka, Kagoshima, and Okinawa Naha will be reserved for either ANA or JAL passengers; a measure, Skymark hopes, will increase revenue by JPY8billion (US$68.8 million). The codeshare agreements will run for a period of five years; long enough, the MLITT believes, for Skymark to recover its financial footing.