Skymark soars 25.6pc on JAL tie-up report

TOKYO: Shares in Skymark Airlines soared 25.6 per cent yesterday on a report that the troubled Japanese carrier was in tie-up talks with Japan Airlines (JAL). The stock skyrocketed 50 yen to at 245 yen (RM6.7) after the leading Nikkei business daily’s online edition said the firm was negotiating code-sharing with JAL on some routes. The deal would broaden Skymark’s sales channels as it now mainly sell tickets through its website, it said. The news came as Skymark negotiates with Airbus to reduce a breach-of-contract penalty tied to the collapse of a jet order. AFP