Japan's ANA Holdings to buy stake in Skymark Airlines

April 18, 2015 11:18 AM

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TOKYO, April 18 (Reuters) - Japan's biggest airline, ANA Holdings Inc, will buy a stake of less than 20 percent in Skymark Airlines Inc as part of a rescue plan for the bankrupt domestic budget carrier, people familiar with the matter told Reuters.

Private equity firm Integral Corp has secured a majority stake, according to the sources. ANA will acquire less than 20 percent. If it held 20 percent or more, it could be forced to surrender some of its landing rights at Tokyo's Haneda airport.

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