Failed Japanese budget carrier Skymark Airlines Inc will be seeking court approval for a revival plan despite opposition from its creditors. European jet maker Airbus and aircraft leasing company Intrepid Aviation Ltd have threatened to block Japan’s biggest airline, ANA Holdings, from buying a 16.5% stake in Skymark in a bid to persuade ANA to purchase or lease Airbus jets, sources say. - Reuters
Telekom Malaysia Bhd
’s earnings fell 38.7% to RM128.91mil in the first quarter on higher operating costs and higher foreign exchange (forex) losses. Group revenue increased 5.9% to RM2.77bil. — StarBiz
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