Intrepid files rival Skymark plan

Skymark Airlines’ largest creditor, Intrepid Aviation, which is owed some ¥100 billion from Skymark – about a third of its total debt of ¥320 billion – has submitted its own rehabilitation plan for the Japanese carrier opposing the one submitted by Skymark on May 29 that aims to set its debt repayment ratio at 5%. In a statement to Japanese press, Skymark said the feasibility of the Intrepid plan “is not clear at all” and offers a lower repayment rate for creditors’ claims. Skymark has been asked for further clarification on this statement but it was not available at the