Japanese carrier Skymark Airlines, which is undergoing civil rehabilitation proceedings, has sold a flight simulator for the Airbus A380, the superjumbo jet at the root of its bankruptcy filing.
The simulator's buyer and price were not revealed, but it appears to have been sold for several hundred million yen to a Middle Eastern airline. The sale is part of a move by Skymark, which has limited itself to smaller planes after filing for bankruptcy protection, to sell off unnecessary assets.
Used in crew training, the simulator can reproduce virtually the same environment as when actually flying, including changes in scenery outside the window and tilting of the floor surface. Skymark had installed one at its headquarters at Haneda Airport in Tokyo at a cost of some 1.6 billion yen (US$13.3 million).
In preparation for flying international routes, Skymark in 2011 entered an agreement with Airbus to purchase six A380 jets at a total cost of 190 billion yen. The first of those was to have been delivered in the fall of 2014, but Airbus terminated the deal in late July 2014 due to payment delays. Skymark's dwindled cash position led to its bankruptcy filing in January 2015.
TravelX announced that Kaszek, Latin America's leading venture capital firm, made a substantial investment in its platform, bringing the company's total funding to $45 million. The invest...
FAI rent-a-jet has further strengthened its fleet with the addition of a Bombardier Global 6000 (D-AFAN, MSN 9471). The acquisition was completed just five weeks after the LOI was signed, underli...
Queensland-based Horizon Airways has signed an order for a second Tecnam P2012 STOL aircraft. Slated to join the Australian fleet by the end of 2026, this subsequent order rapidly...
ATP Flight School has reintroduced its 100+ Hour Multi-Engine Airline Career Pilot Program at select training centers, bringing students multi-engine flight time at single-engine prices.&nbs...