(MENAFN) Japan's All Nippon Airways announced plans to help turn around bankrupt Skymark Airlines, reportedly joining a string of other firms offering a lifeline to the struggling carrier, AFP reported.
Skymark, Japan's third-largest airline, filed for bankruptcy protection in late January in the face of potentially massive penalties over a cancelled USD2.2 billion jet order with Airbus.
The rescue plan would include code-sharing and joint procurement of fuel, while the Tokyo-based investment fund Integral has decided to extend a USD76 million loan to Skymark, media reported.
"This morning, we submitted documents to show our intension to participate in the sponsorship (of Skymark), but we can't comment further now," a spokeswoman for ANA Holdings said.
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