Aloha Airgroup Inc, the parent company of Hawaii's Aloha Airlines, filed for Chapter 11 bankruptcy on Thursday, 30 December 2004.
The bankruptcy filing is to help the carrier complete its restructuring. In the meanwhile the airline will operate normally, as reservations for future travel will be taken, tickets will be honoured, and flights will operate as scheduled, said a company spokesperson.
Aloha Airlines sought and received a USD45m loan guarantee from the federal Air Transportation Stabilization Board in 2002. To date, the company has repaid approximately half of the loan.
According to Aloha the bankruptcy filing is a part of a continuing effort to restore the company's long-term financial health and the company has said that the decision to file Chapter 11 was not an easy one.
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6 comments:
Kingfisher economy passengers can now get an upgrade to Business
Class in just 25% of price ! Check it out, the links are :-
http://www.optiontown.com
http://www.flykingfisher.com/plan-book/upgrade-travel-option.aspx
Kingfisher has launched this in partnership with optiontown.com and they
call this program UTo (read as You Too) where economy class passengers are
upgraded to Business class in one fourth the price. All you need is a
purchased Kingfisher ticket of economy class.
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