Skymark's A380 order cancelled after yen depreciation raises costs
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Skymark Airlines ordered four double‑deck Airbus A380s in early 2011 and later expanded the commitment to six aircraft, paying for them in US dollars while collecting ticket revenue in Japanese yen.
A steep decline of the yen against the dollar inflated the actual cost of the aircraft beyond Skymark’s financial reach; after Airbus assembled and flight‑tested the first Skymark A380 in April 2014, negotiations to reduce breach‑of‑contract payments failed, leading Airbus to cancel the entire order and take the airline to international court.