GECAS Owed $125.1MM in Skymark Airlines Bankruptcy



According to a Reuters report, the top bankruptcy creditors for Japan’s Skymark Airlines are international leasing companies, including an Irish unit of General Electric.

Reuters reported GE Capital Aviation Services is owed $125.1 million, followed by AWAS Aviation Trading at $116.5 million, according to a filing with the Tokyo District Court.

According to Reuters, the next biggest creditors are the California-based Aviation Capital Group, owed $63.4 million, and aircraft lessor Babcock & Brown Aircraft Management, a unit of Babcock & Brown, owed $63.0 million.

Reuters reported Skymark’s biggest domestic creditor is the Civil Aviation Bureau of the Ministry of Land, Infrastructure, Transport and Tourism, owed $24.9 million.

To read the entire Reuters article, click here.


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