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Japan's Skymark to raise $36m from DBJ, ANA and other shareholders

Struggling budget carrier will also get support from investment fund Integral

Discount carrier Skymark Airlines, like others in Japan is struggling to stay afloat amid a collapse in travel demand brought on by the COVID-19 pandemic.   © Kyodo

TOKYO -- Japanese budget carrier Skymark Airlines is preparing to raise 4 billion yen ($36 million) from shareholders, Nikkei has learned, as it aims to strengthen its finances and recover from the impact of the coronavirus pandemic.

The company will raise capital from investment fund Integral and the government-backed Development Bank of Japan, as well as ANA Holdings, all of which hold a stake in the carrier.

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