Aloha Air calls it quits after bankruptcy
The airline says it will end passenger service succumbing to fierce competition and surging fuel prices.
HONOLULU (AP) -- Aloha Airlines said Sunday it will halt all passenger service after Monday, signaling the end of an airline that has served Hawaii for more than 60 years.
Aloha, which filed for bankruptcy for Chapter 11 bankruptcy protection on March 21, was a casualty of fierce competition and rising fuel prices. The airline said it will stop taking reservations for flights after Monday.
"We simply ran out of time to find a qualified buyer or secure continued financing for our passenger business," said Aloha President David Banmiller in a statement. "We had no choice but to take this action."
Aloha has suffered since Phoenix-based Mesa Air Group Inc. launched a new interisland carrier called go! airlines in 2006, triggering a local airfare war.
Banmiller didn't mentioned go! by name in his statement, but did blame the company's demise on rival companies.
"Unfortunately, unfair competition has succeeded in driving us out of business," he said.
FULL STORY
The airline says it will end passenger service succumbing to fierce competition and surging fuel prices.
HONOLULU (AP) -- Aloha Airlines said Sunday it will halt all passenger service after Monday, signaling the end of an airline that has served Hawaii for more than 60 years.
Aloha, which filed for bankruptcy for Chapter 11 bankruptcy protection on March 21, was a casualty of fierce competition and rising fuel prices. The airline said it will stop taking reservations for flights after Monday.
"We simply ran out of time to find a qualified buyer or secure continued financing for our passenger business," said Aloha President David Banmiller in a statement. "We had no choice but to take this action."
Aloha has suffered since Phoenix-based Mesa Air Group Inc. launched a new interisland carrier called go! airlines in 2006, triggering a local airfare war.
Banmiller didn't mentioned go! by name in his statement, but did blame the company's demise on rival companies.
"Unfortunately, unfair competition has succeeded in driving us out of business," he said.
FULL STORY
