Skymark in distress.
Deteriorating Management and Contract Troubles
Skymark Airlines, Japan's third largest airline, has fallen on hard times. Amid a deteriorating business environment caused by intensifying competition with low-cost carriers (LCCs) and soaring fuel costs due to the weak yen, negotiations with Airbus over a contract to purchase the large A380 passenger plane have collapsed, and there are fears that the airline will be asked to pay a penalty of 70 billion yen. At Haneda Airport
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