UAL Corp.'s United Airlines announced Thursday that it is acquiring a minority stake in Aloha Airlines as the two carriers seek to strengthen their partnership in the Hawaii and trans-Pacific markets.
United will receive a seat on Aloha's board and could expand its share over time. Financial terms were not disclosed.
The agreement helps stabilize struggling Aloha, which emerged from Chapter 11 bankruptcy reorganization in February 2006.
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United will receive a seat on Aloha's board and could expand its share over time. Financial terms were not disclosed.
The agreement helps stabilize struggling Aloha, which emerged from Chapter 11 bankruptcy reorganization in February 2006.
story here
