Aloha Airlines celebrates

[islandhopper]

http://www.khon.com/khon/display.cfm?storyID=11380&sid=1152

Aloha Airlines celebrates emergence from bankruptcy


Aloha Airlines emerges from a year-long bankruptcy on Friday. On Thursday night, more than 600 employees (no pilots for some reason) celebrated. Nearly $100 million in debt and equity financing is bailing out the 60-year-old carrier, following a tough year of across-the-board pay cuts and eliminations of some flying routes.

"It's not easy to go through the things we've gone through. Half the industry is in bankruptcy, it's not like we were the only ones. But we had to do what we had to do. And I think most, at the end of the day, recognized that and saw a light at the end of the tunnel," says David Banmiller, Aloha Airlines CEO.

The new investors have implemented a profit-sharing plan. In addition to longtime rival Hawaiian Airlines, Aloha is about to face new competition from low-cost carrier Mesa Airlines.

Aloha's Banmiller also was overheard saying, "Jonathan Ornstien is a Schmuck and we knew right from the beginning that the only reason he announced Mesa would start a Hawaiian Inter-Island airline was because he was pissed he didn't get to buy Aloha. He had his chance to pay a "distressed price" for an airline in bankruptcy. He could have legally stolen Aloha by just bidding as little higher than Yucaipa but now the fool is going to piss away a hell of a lot more money than if he just made us a fair offer from the beginning.

We look forward to seeing Hawaiian beat Mesa's ass in court and Aloha will be there waiting with the old Hui's and new equally powerful connections to git 'er done hawaiian style brah".

 

[RJP]

Congrats. That didn't take long. Now hurry up and call back the furloughees!

Wonder if JO got this transcript or a 'watered-down' version.

 

[islandhopper]

Congrats. That didn't take long. Now hurry up and call back the furloughees!

Wonder if JO got this transcript or a 'watered-down' version.

Are you one of our furloughees? Did you see this picture in this mornings paper?
http://starbulletin.com/2006/02/17/business/art1b.jpg

Thats not a 737 on Banmillers desk. THAT airplane will be another paycut.

 

[Midnight Mike]

Are you one of our furloughees? Did you see this picture in this mornings paper?
http://starbulletin.com/2006/02/17/business/art1b.jpg

Thats not a 737 on Banmillers desk. THAT airplane will be another paycut.

Oh goodness, is that what I think it is?

 

[PHXFLYR]

Are you one of our furloughees? Did you see this picture in this mornings paper?
http://starbulletin.com/2006/02/17/business/art1b.jpg

Thats not a 737 on Banmillers desk. THAT airplane will be another paycut.

It sure will.....$92/hr for a 10 year Capt is the highest it's paying right now.
(New USAirways pay scale negotiated in the Transition Agreement)

PHXFLYR

 

[islandhopper]

Oh goodness, is that what I think it is?

11 windows than an emergency exit. It is the same airplane as this
http://photos.airliners.net/photos/photos/0/7/2/0997270.jpg

 

[mdanno808]

Congrats guys. Been a long year huh?

 

[islandhopper]

Congrats guys. Been a long year huh?

well we can now go from fighting our perspective managements to fighting mesa. They are now calling our two airlines the "Hawaiian-Aloha axis" on The Street.

 

[Dan Roman]

I don't want to say I told you so, but when AQ first entered BK I offered some words of incouragement for the AQ folks. Essentially that the BK process would have all kinds of ups and downs and it can look terrible one day and completly different the next. But that you WOULD come out in the end.
Congratulations guys, now lets go get Mesa.

 

[islandhopper]

Congratulations guys, now lets go get Mesa.

very kind words, thank you, death to mesa

 

[Erndogg]

Hey, that model looks like a EMB-170. Congrats to you guys over there at Aloha! I think we have a good thing now that we have raised the inter-isle fares to where we can actually make $$$.
Now we got to drive these OTHER GUYS OUT that think they can re-invent the inter-island market.

The airline business is not a welfare handout. The Mesa guys will find out how it is when they attempt competing on our turf!

 

[HAL]

Embraer E190 - right size (about 100 pax), full size overhead baggage for Krispy Kremes, good cargo bay, but the the question is reliability. Will they stand up to 10+ legs per day? Jet Blue and USAirways will help find out.

On the other hand I'm sure Embraer has sent out models to every possible airline customer in their colors. Banmiller probably just thought it looked cool, just like the Aloha 747 he has on the other shelf.

HAL

 

[Whale Rider]

Only a matter of before the RJ's finally invade the islands. In Hawaii they should call them the IJ's for Island Jets.

 

[islandhopper]

Embraer E190 - right size (about 100 pax), full size overhead baggage for Krispy Kremes, good cargo bay, but the the question is reliability. Will they stand up to 10+ legs per day? Jet Blue and USAirways will help find out.

On the other hand I'm sure Embraer has sent out models to every possible airline customer in their colors. Banmiller probably just thought it looked cool, just like the Aloha 747 he has on the other shelf.

HAL

Actually there is a 787 on his other shelf. I have seen that one myself.

 

[OB-CPO]

well we can now go from fighting our perspective managements to fighting mesa. They are now calling our two airlines the "Hawaiian-Aloha axis" on The Street.

When not too busy screwing over each other, HAL and Aloha are quite capable of destroying any start ups chance in hell of doing anything besides bleed. As a matter of fact that reminds me of a Clint Eastwood quote.. "So, are you just going to stand there and bleed"? Now that Aloha is offically out of BK and back in the ring I suspect mesa will tuck tail and run. With Hawaiian already swinging, mesa will cut their losses and go back to groveling for the majors scraps. I dont think you will get your dream shot at a head to head fight with JO. Only his head is huge his nuts never even dropped. NO BALLS JO

 

[RJP]

It sure will.....$92/hr for a 10 year Capt is the highest it's paying right now.
(New USAirways pay scale negotiated in the Transition Agreement)

PHXFLYR

That's not good.

Inter, I'm not furloughed, just want to see you guys get healthy and call everyone back.

 

[HAL]

To be brutally honest, I think Ornstein has just the right combination of titanium balls and extra dense skull material, so that he actually will put the RJ's into HNL. He'll run them for a year or so until the red ink causes the BOD to force him to recall them to the mainland. He will run to the press and scream 'unfair competetion' regarding HA and AQ, but it won't do any good. In the end, he is like so many others; he dreams of going to Hawaii to stay, but without a good grip on what it takes to actually live there.

HAL

 

[dash8driver]

To be brutally honest, I think Ornstein has just the right combination of titanium balls and extra dense skull material, so that he actually will put the RJ's into HNL. He'll run them for a year or so until the red ink causes the BOD to force him to recall them to the mainland. He will run to the press and scream 'unfair competetion' regarding HA and AQ

hrm....do you think he's related to GK from PW?





.

 

[Freight Dog]

hrm....do you think he's related to GK from PW?





.

The resemblance is there! LOL

 

[Erndogg]

This guy cant just SHUT HIS MOUTH!

New airline Go Hawaii preparing to launch

Hawaiian Airlines files suit to block its entry for at least two years

By Dave Segal
[email protected]

And the name of Mesa Air Group Inc.'s new interisland airline is ... Go Hawaii.
Jonathan Ornstein, Mesa's chairman and chief executive, said yesterday he would neither confirm nor deny that name. But a person close to the situation said Mesa already has selected that moniker for when the independent airline begins service early in the second quarter.
Mesa also registered the name www.iflygo.com for its Web site in September, according to Internet registrar Network Solutions LLC. The Web site is not yet publicly accessible without a password.
The Phoenix-based carrier was hit with a lawsuit earlier this week by Hawaiian Airlines, which is seeking to block Mesa's entry into Hawaii for at least two years. The suit says Ornstein had access to proprietary information obtained through a nondisclosure agreement when Mesa was looking into investing in Hawaiian two years ago.
Ornstein said he "certainly hopes for the people of Hawaii and ourselves" that Mesa's arrival in the islands is not delayed by the suit.
"We've had enough lawyers look at this, and at this point everyone believes it's without merit," Ornstein said. "I doubt it will have much impact. I think a judge will see through it for what it is."
Hawaiian Airlines attorney Bruce Bennett said the federal Bankruptcy Court closely monitored the reviews of data provided online to parties that signed a confidentiality agreement and that Mesa representatives visited the electronic data room 60 times and downloaded about 2,000 pages, including future projections relating to Hawaiian's business.
"There is a thorough and complete trail," Bennett said.
Mesa has been negotiating with Honolulu Airport for space in the commuter terminal, according to Scott Ishikawa, spokesman for the state Department of Transportation. The commuter terminal currently houses Island Air, PW and Mokulele Airlines, while Hawaiian and Aloha Airlines occupy the interisland terminal.
Ornstein said Aloha is to be congratulated for its emergence from bankruptcy yesterday.
"It's a hard process, and they've done a good job restructuring," he said. "It's been tough, but in the end it will have proven to be very worthwhile. They deserve a lot of credit for pulling together."
Then, in a rebuke to the pending suit from Hawaiian, Ornstein added, "I would urge people to fly Aloha until we get there."

DID THIS GUY GET BEAT ON BY THE OTHER BOYS AT SCHOOL OR DID HIS PARENTS DROP HIM ON HIS HEAD?