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Delta angling to buy into Japan’s third biggest airline

July 15, 2015 Aviation, Headline News 1 Comment Print Print Email Email

egtmedia59Delta Air Lines is likely to invest in Japan’s bankrupt Skymark Airlines, throwing the Japanese carrier a lifeline that would incidentally give Delta unprecedented access to domestic landing slots at Tokyo’s Haneda airport, reports from Japan say.

Delta has agreed to join a rescue plan being led by Skymark creditor Intrepid Aviation, the Nikkei business daily stated. The plan would entail Delta buying  up to 20% of the Japanese airline for an unspecified price.http://www.eastinhotelsresidences.com/specialoffers-en.html

If Delta succeeds, it would become the first foreign carrier to again access to slots for domestic flights at Haneda, which serves downtown Tokyo. So far, only Japanese carriers have slots.

In August, Qantas will move its Sydney-Tokyo flights to Haneda – which is nearer to downtown Tokyo than the more distant Narita International Airport.

Skymark is Japan’s third-biggest airline, after ANA and JAL. Analysts say Delta (which currently has no partner in Japan) may try to use Haneda as a transit hub for passengers coming off its flights from Los Angeles.

Skymark, which officially says it is unaware of any Delta offer, might find a Deltqa offer more palatable than the restructure plan it submitted earlier this year, which reportedly would see Skymark taken over by creditor banks, All Nippon Airways and a domestic investment fund.

Written by Peter Needham

Currently there is "1 comment" on this Article:

  1. AgentGerko says:

    This should be a great warning to Sydney. As soon as Haneda was expanded and reopened, airlines started dumping the far distant Narita in droves, knowing people want the close in convenience of Haneda. It’s the same reason people fly to Tullamarine and not Avalon, and it’s the same reason why Badgery’s Creek will be a failure unless the govt forces airlines to use it, and watch the furore from the business community if that happens. It’s tough enough working your way through all the queues and security at airports these days without facing long and expensive trips just to get to and from the airport.

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