Skymark Airlines Inc.’s creditors will vote tomorrow on competing rehabilitation plans that will determine whether the carrier will be backed by a Japanese airline or an American one in its return from bankruptcy, Bloomberg News reported today. Creditors will meet in Tokyo to choose between a plan from Skymark that envisions ANA Holdings Inc., owner of Japan’s biggest airline, as sponsor, or one from Skymark’s largest creditor that relies on the backing of Delta Air Lines Inc. To pass, a plan must be approved both by a majority of creditors and by creditors who hold more than 50 percent of Skymark’s debts. A plan that fulfills just one of the conditions will be rescheduled for another vote within two months.
