Skymark Airlines, an airline that continues to face severe management due to the effects of the new coronavirus, has officially announced that it will receive capital support of 4 billion yen from shareholder investment funds and ANA Holdings in order to improve its financial base.
According to this, Skymark will receive 4 billion yen in capital support in late September through a "capital increase" to issue common stock and a "subordinated loan" that can be regarded as capital due to its low repayment order.
Of this amount, the amount raised through the capital increase will be 2 billion yen, which will be undertaken by the largest shareholder investment fund "Integral" and the major shareholder "ANA Holdings".
In addition, for subordinated loans, it is said that it will borrow 2 billion yen from the Development Bank of Japan, a government-affiliated financial institution.
Skymark has fallen into the final deficit of 16.3 billion yen last year = 16.3 billion yen due to the impact of the new coronavirus, and aims to improve its financial base through this capital support.
While the difficult business environment continues among domestic airlines, there are increasing movements to strengthen the financial base, such as ANA and Japan Airlines already implementing public offerings.