Prompted by a trusted senior industry insider, Airline Economics has confirmed from various sources in Japan that SkyMark was awarded “new entrant” slots at Hanada to spur competition with JAL and ANA. To protect against the slots simply being sold on to JAL and ANA or their affiliates, the slot agreements were written with a provision that if a new entrant holding the slots was sold/acquired past a 20% threshold then the incremental slots would be returned for re-allocation to other legitimate “new entrants”. For this reason ANA confirms that it will not consider exceeding 20% ownership of Skymark under

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