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Japanese carrier Skymark applies for Tokyo relisting

Company plans to invest in digital, aircraft upgrades for post-COVID growth

Skymark applied to relist on the stock exchange in 2019, but withdrew as the business environment deteriorated during the pandemic. (Photo by Konosuke Urata)

TOKYO -- Japan's mid-sized carrier Skymark has applied to relist on the Tokyo Stock Exchange as it hopes to benefit from post-COVID growth, Nikkei has learned.

Skymark plans to use the funds it wants to raise from the relisting of its shares to strengthen its financials and invest in digital and aircraft upgrades. Like other airlines, its finances were severely hit by the COVID-19 pandemic.

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