Skymark Airlines secures USD469m in financing

Skymark Airlines reportedly secured JPY50 billion (USD468.9 million) in financing by agreeing with creditor banks to extend the repayment deadline for an outstanding JPY30 billion (USD281.4 million) loan to Jul-2021 and establish a JPY20 billion (USD187.6 million) credit line (Jiji Press, 01-Aug-2020). Funds will be used for employee wages and aircraft lease payments.