TOKYO Aug 19 Shares of Skymark Airlines Inc
jumped 28 percent on Tuesday after the Nikkei business
daily reported that Malaysia's AirAsia Bhd is in talks
with financial institutions on a possible tender offer for the
struggling Japanese carrier.
As of 0026 GMT Skymark shares were up by the daily limit of
50 yen at 230 yen, compared with a five-year low of 153 yen set
The stock has been hammered since Skymark's order for six
Airbus A380 superjumbos fell through in late July after
it was unable to get financing. Skymark warned of uncertainty
about its ability to stay in business if it had to pay penalties
to Airbus over the cancellation.
The Tokyo Stock Exchange on Tuesday cautioned Skymark for
lack of information following the Nikkei media report.
(Reporting by Chris Gallagher; Editing by Chang-Ran Kim)