Aloha Airlines files for Chapter 11 bankruptcy

[dash8driver]

that is a red-herring. If they do that, they might as well just shut down. They already gave a bunch of flying to WP and they have admitted that the yield in the inter-island market is very low. It also says in the BK papers that once they re-organize there are a number of market opportunities they can take advantage of.
Banmiller has said numerous times he wants to add some mainland destinations. He is going to use the old tactic of saying "we can't expand until you guys give some concessions". Also, Nutly has a background with those vacation package companies. You can bet when he gets some concessions you will see the new marketing plan.

our interisland loads are good. most of my flights are completely full or only a few open seats. the yield is low in part because of the lease rates on the 200s are huge. the supposedly recently reduced the leases by 2/3s.. down to where it should be.

i think that those options about shutting down transpac are in there because its an option.. not necessarily their plan. they are trying to address the various options because i think at this point, they have no idea what direction this will go in. they want to add mainland destinations, but they may be faced with scaling back. i dont think they have much rudder authority at this point.

yea.. nulty has his plan i'm sure. if you want to see our future, look at what he sells and for what carriers. he sells the cheapest seats on the market. look at the labor contracts of those airlines he sells seats on. thats where we're headed. our seats will be sold thru his company when they are the cheapest available on the market at the time. the only way to do that is to wait til the rest of his inventory runs out or to have the cheapest contracts to subsidize our seats being the cheapest and on the top of the list.

 

[Sleepyhead]

Nice to know employees will get paid. Surprises me to see the Chings and Ings digging in their wallet. How's that figure in the strategery of it all?

It is simple, in the loan papers it says they get colateral in the way of AQ equipment and they get paid back first if the BK ends up going into Chap 7. Plus they get a interest rate of prime + 1%. Nice uh, loan money to yourself at prime +1% and have a guarentee of payback.

Another note from the BK filings: The company was talking to BK consultants months ago. BK was the plan long before they told the employees they needed concessions.

As someone else posted above, the good side of BK is the company can't hid anything from the court, so now we get to see all their little secrets. It will be interesting to see the business plan and financial statement they present to the court.

 

[English]

BK was the plan last May. Banmiller was chosen before Steele was. Banmiller would only be chosen if we were going into bankruptcy.

 

[RJP]

BK was the plan last May. Banmiller was chosen before Steele was. Banmiller would only be chosen if we were going into bankruptcy.

Why didn't you report this last May? You've always got some special insight. Don't hold back.

 

[Trash8Mofo]

BK was the plan last May. Banmiller was chosen before Steele was. Banmiller would only be chosen if we were going into bankruptcy.

I cant believe you held back that information! I gave up my cushy job just to be furloughed in 79 days. Thanks alot! At least Ms. Cleo is right everytime in 60% of the time.

 

[English]

I did report it, just not here.

I don't post EVERYTHING I know on flightinfo.

 

[RJP]

You know too much. Or at least you'd like us to THINK you know too much. Stop playing monday morning quarterback...

 

[English]

More cryptic crumbs for RJP...(don't say I never gave you anything...)

Aloha pilots can say hello to Sun Country...you figure it out...I'll give you til tomorrow at 2pm.

 

[Freight Dog]

More cryptic crumbs for RJP...(don't say I never gave you anything...)

Aloha pilots can say hello to Sun Country...you figure it out...I'll give you til tomorrow at 2pm.

Now what?

 

[Pull & Rotate]

I believe Sun Country was reduced to one airplane in a desperate attempt to hang on to their operating certificate. I certainly hope that our situation in no way compares to Sun Country or all our jobs are in serious jeopardy. Come on English, what do you know? (Or should I say, what do you think you know?)

 

[Sleepyhead]

English

Can you tell us the source of this info? No names needed, butwhere does it come from?, someone in Flt Ops, someone related tosomeone in Flt Ops, Banmiller's maid, his dog or what?????

 

[ChinaClipper]

English.......For God's sake women!!!!!

give it up!...........uh, not THAT, but the information!

 

[RJP]

English just likes to fluff everyone's interest. If she had real info, she'd let the AQ guys know before they read it in the Advertiser.

The crumbs keep piling up......

 

[Jeff Helgeson]

Cryptic crumbs?.....

More cryptic crumbs for RJP...(don't say I never gave you anything...)

Aloha pilots can say hello to Sun Country...you figure it out...I'll give you til tomorrow at 2pm.

.....does that mean you are finally going to share your snickerdoodle recipe with us?

 

[Hugh Jorgan]

English just likes to fluff...

giggle...

 

[RJP]

giggle...

........

 

[English]

The "contraction" will begin soon.

Look for two -700s going back to GECAS as well as the cancellation of Vancouver and Burbank.

 

[Sleepyhead]

Is that the "big " announcement?
That is not new, you can see that info if you check Expedia or any other travel site.

 

[RJP]

Yeah, that's it? I had already heard about BUR and Vancouver.

What else ya got?

 

[islandhopper]

yawn... At least I finally be making money again slinging metal for Jerry Cutter