islandhopper
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Aloha Airlines files for Chapter 11 bankruptcy
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dash8driver
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Whale Rider
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sjcsean
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Latest News: AQ to file under section 1113 due to the IAM lodge 142 voting down their contract.
ALOHA AIRLINES’ DISPATCHERS RATIFY NEW AGREEMENT
HONOLULU– Aloha Airlines today announced that its dispatchers and schedulers have voted
to ratify a new agreement, becoming the fourth of five employee groups to accept new
contracts.
With the Transport Workers Union ratification, 94 percent of Aloha’s workforce has
agreed to cost-cutting measures in support of the Company’s plan to emerge from bankruptcy
protection.
Aloha’s TWU voted overwhelmingly in favor of a new 52-month contract, effective January 1,
2005 through April 30, 2009. The unit represents 30 dispatchers and schedulers.
“We commend the TWU for coming through with this overwhelming vote of confidence in
support of our plan,” said David A. Banmiller, Aloha’s president and chief executive officer.
At the same time, Aloha announced that members of the International Association of
Machinists and Aerospace Workers (IAM) District Lodge 142 have voted down a proposed 52-
month contract. IAM District Lodge 142 represents about 250 Aloha mechanics and inspectors.
To continue the quick pace of progress toward early emergence from bankruptcy protection,
Aloha Airgroup, Inc., the parent company of Aloha Airlines, Inc., will file a motion tomorrow in
U.S. Bankruptcy Court for the District of Hawaii, seeking interim financial relief from the
mechanics’ current collective-bargaining agreement.
Aloha CEO Banmiller said the filing under Section 1113 of the U.S. Bankruptcy Code does not
preclude Aloha from obtaining consensual agreements with the mechanics.
“This filing is an unfortunate step in light of the fact that 94 percent of our workforce has
already ratified their agreements and are prepared to do what’s necessary to move the
Company forward,” said Banmiller.
The Court has already accepted Aloha’s new agreements with the International Association of
Machinists and Aerospace Workers (IAM) District Lodge 141 representing clerical, passenger
service and ramp service employees; as well as the Association of Flight Attendants (AFA) and
the Air Line Pilots Association (ALPA).
ALOHA AIRLINES’ DISPATCHERS RATIFY NEW AGREEMENT
HONOLULU– Aloha Airlines today announced that its dispatchers and schedulers have voted
to ratify a new agreement, becoming the fourth of five employee groups to accept new
contracts.
With the Transport Workers Union ratification, 94 percent of Aloha’s workforce has
agreed to cost-cutting measures in support of the Company’s plan to emerge from bankruptcy
protection.
Aloha’s TWU voted overwhelmingly in favor of a new 52-month contract, effective January 1,
2005 through April 30, 2009. The unit represents 30 dispatchers and schedulers.
“We commend the TWU for coming through with this overwhelming vote of confidence in
support of our plan,” said David A. Banmiller, Aloha’s president and chief executive officer.
At the same time, Aloha announced that members of the International Association of
Machinists and Aerospace Workers (IAM) District Lodge 142 have voted down a proposed 52-
month contract. IAM District Lodge 142 represents about 250 Aloha mechanics and inspectors.
To continue the quick pace of progress toward early emergence from bankruptcy protection,
Aloha Airgroup, Inc., the parent company of Aloha Airlines, Inc., will file a motion tomorrow in
U.S. Bankruptcy Court for the District of Hawaii, seeking interim financial relief from the
mechanics’ current collective-bargaining agreement.
Aloha CEO Banmiller said the filing under Section 1113 of the U.S. Bankruptcy Code does not
preclude Aloha from obtaining consensual agreements with the mechanics.
“This filing is an unfortunate step in light of the fact that 94 percent of our workforce has
already ratified their agreements and are prepared to do what’s necessary to move the
Company forward,” said Banmiller.
The Court has already accepted Aloha’s new agreements with the International Association of
Machinists and Aerospace Workers (IAM) District Lodge 141 representing clerical, passenger
service and ramp service employees; as well as the Association of Flight Attendants (AFA) and
the Air Line Pilots Association (ALPA).
Last edited:
Hugh Jorgan
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English
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- 3,374
As the world turns...
Aloha Airlines wants
to give back 2 planes
The carrier plans to seek
court approval to reject
the planes' leases
By Dave Segal
[email protected]
Aloha Airlines is planning to ask federal Bankruptcy Court tomorrow for approval to reject leases on two of the 13 Boeing 737-700s that the airline uses on its trans-Pacific routes.
The company, which filed for Chapter 11 reorganization on Dec. 30, will return a plane to its largest aircraft lessor, GE Capital Aviation Services Inc., according to people familiar with the situation. In addition, Aloha will give back a plane to Dublin, Ireland-based RBS Aerospace. The return of the plane to RBS Aerospace was disclosed during a court hearing last week.
Aloha also has reached a new tentative agreement with its mechanics union, which last week rejected a previous contract. A ratification vote for the International Association of Machinists and Aerospace Workers Lodge 142 is scheduled for today. The airline has been looking for ways to cut costs and earlier reached agreements with unions representing the company's pilots, flight attendants, clerical workers and dispatchers. Aloha has said that the unions' members will take 10 percent pay cuts.
In addition, the airline has been trying to line up financing for interim relief, as well as agreements with its aircraft lessors. A 60-day exemption period that ends Monday would allow the airline's aircraft lessors to repossess their aircraft unless a modified lease agreement or extension is reached.
The status of Aloha's credit card agreements with First Hawaiian Bank, which processes the airline's Visa and MasterCard payments, and American Express also will be determined tomorrow.
Aloha hasn't needed as many 737-700s as it previously used since eliminating service earlier this year to the Marshall Islands and American Samoa.
The plane that Aloha is returning to RBS is the only aircraft it leases from that lessor. Aloha also is returning one of the nine 737-700s it leases from GE Capital. Additionally, GE Capital is the lender on a 737-200 that Aloha owns and is required to make payments.
Aloha Airlines
www.alohaairlines.com/
Aloha Airlines wants
to give back 2 planes
The carrier plans to seek
court approval to reject
the planes' leases
By Dave Segal
[email protected]
Aloha Airlines is planning to ask federal Bankruptcy Court tomorrow for approval to reject leases on two of the 13 Boeing 737-700s that the airline uses on its trans-Pacific routes.
The company, which filed for Chapter 11 reorganization on Dec. 30, will return a plane to its largest aircraft lessor, GE Capital Aviation Services Inc., according to people familiar with the situation. In addition, Aloha will give back a plane to Dublin, Ireland-based RBS Aerospace. The return of the plane to RBS Aerospace was disclosed during a court hearing last week.
Aloha also has reached a new tentative agreement with its mechanics union, which last week rejected a previous contract. A ratification vote for the International Association of Machinists and Aerospace Workers Lodge 142 is scheduled for today. The airline has been looking for ways to cut costs and earlier reached agreements with unions representing the company's pilots, flight attendants, clerical workers and dispatchers. Aloha has said that the unions' members will take 10 percent pay cuts.
In addition, the airline has been trying to line up financing for interim relief, as well as agreements with its aircraft lessors. A 60-day exemption period that ends Monday would allow the airline's aircraft lessors to repossess their aircraft unless a modified lease agreement or extension is reached.
The status of Aloha's credit card agreements with First Hawaiian Bank, which processes the airline's Visa and MasterCard payments, and American Express also will be determined tomorrow.
Aloha hasn't needed as many 737-700s as it previously used since eliminating service earlier this year to the Marshall Islands and American Samoa.
The plane that Aloha is returning to RBS is the only aircraft it leases from that lessor. Aloha also is returning one of the nine 737-700s it leases from GE Capital. Additionally, GE Capital is the lender on a 737-200 that Aloha owns and is required to make payments.
Aloha Airlines
www.alohaairlines.com/
Hugh Jorgan
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- Nov 25, 2001
- Posts
- 2,307
Here you guys go, just saw this on yahoo.
http://biz.yahoo.com/prnews/050224/lath157_1.html
Sounds like good news!
For what it's worth we at HAL are keeping are fingers crossed, we need you and we all have to many mutual friends to see anything dire happen.
http://biz.yahoo.com/prnews/050224/lath157_1.html
Sounds like good news!
For what it's worth we at HAL are keeping are fingers crossed, we need you and we all have to many mutual friends to see anything dire happen.
Hugh Jorgan
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- Nov 25, 2001
- Posts
- 2,307
RJP
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- Jul 20, 2004
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- 1,005
Gotta love this company...
Pacific Business News (Honolulu) - February 25, 2005
http://pacific.bizjournals.com/pacific/stories/2005/02/21/daily54.html
LATEST NEWS
7:35 PM HST Thursday
Aloha Air finds equity investor
In an important step toward emergence from Chapter 11 bankruptcy, Aloha Airlines has reached agreement in principal with a private equity investment group to provide the airline with funding up to $90 million.
The firm is MatlinPatterson Global Opportunities Partners II LP, whose parent firm has offices in New York, London and Hong Kong.
Founded by David Matlin and Mark Patterson, the firm has more than $3 billion under management and offices in New York, London and Hong Kong. The Partners II fund has $150 million to be drawn down over three years. The funds pursue a global strategy of gaining corporate control of distressed companies.
"This agreement with MatlinPatterson takes Aloha Airlines to the threshold of exiting bankruptcy in record time," Aloha CEO David Banmiller said Thursday night.
The deal is subject to approval by the bankruptcy court and other conditions. Aloha filed a motion Thursday requesting an expedited hearing on this.
"Aloha is fortunate," Banmiller said, "to have attracted a significant commitment from such a highly regarded private equity investment firm."
MatlinPatterson is the third largest investor in MCI, now the subject of a takeover bid by Verizon Communications and a rival bid by Qwest, according to Computer Business Review.
It also proposes to become the principal investor in financially-distressed Ormet Corp. of Wheeling, W. Va., one of the nation's leading producers of aluminum, according to the Times Leader of Martin's Ferry, Ohio.
It is in the process of selling back its stake in Minneapolis-based NRG Energy, which recently emerged from Chapter 11.
© 2005 American City Business Journals Inc.
Pacific Business News (Honolulu) - February 25, 2005
http://pacific.bizjournals.com/pacific/stories/2005/02/21/daily54.html
LATEST NEWS
7:35 PM HST Thursday
Aloha Air finds equity investor
In an important step toward emergence from Chapter 11 bankruptcy, Aloha Airlines has reached agreement in principal with a private equity investment group to provide the airline with funding up to $90 million.
The firm is MatlinPatterson Global Opportunities Partners II LP, whose parent firm has offices in New York, London and Hong Kong.
Founded by David Matlin and Mark Patterson, the firm has more than $3 billion under management and offices in New York, London and Hong Kong. The Partners II fund has $150 million to be drawn down over three years. The funds pursue a global strategy of gaining corporate control of distressed companies.
"This agreement with MatlinPatterson takes Aloha Airlines to the threshold of exiting bankruptcy in record time," Aloha CEO David Banmiller said Thursday night.
The deal is subject to approval by the bankruptcy court and other conditions. Aloha filed a motion Thursday requesting an expedited hearing on this.
"Aloha is fortunate," Banmiller said, "to have attracted a significant commitment from such a highly regarded private equity investment firm."
MatlinPatterson is the third largest investor in MCI, now the subject of a takeover bid by Verizon Communications and a rival bid by Qwest, according to Computer Business Review.
It also proposes to become the principal investor in financially-distressed Ormet Corp. of Wheeling, W. Va., one of the nation's leading producers of aluminum, according to the Times Leader of Martin's Ferry, Ohio.
It is in the process of selling back its stake in Minneapolis-based NRG Energy, which recently emerged from Chapter 11.
© 2005 American City Business Journals Inc.
Hugh,
Your talking about the merger.
The Hawaiian folks didn't want to merge is all. It was nothing personal.
The perception was that the merger really didn't make sense from a business point of view. It would have opened the door for another inter-island carrier to come in and compete and it certainly wasn't fair to call it a "merger of equals" At the time, HAL had $100 million in cash and a fleet of 767's and 717's. AQ had less than $10 million cash and the entire fleet would have to be replaced to fit the 2 airlines together. Right, wrong, or indifferent, that was the perception, it wasn't personal, just business.
Your talking about the merger.
The Hawaiian folks didn't want to merge is all. It was nothing personal.
The perception was that the merger really didn't make sense from a business point of view. It would have opened the door for another inter-island carrier to come in and compete and it certainly wasn't fair to call it a "merger of equals" At the time, HAL had $100 million in cash and a fleet of 767's and 717's. AQ had less than $10 million cash and the entire fleet would have to be replaced to fit the 2 airlines together. Right, wrong, or indifferent, that was the perception, it wasn't personal, just business.
AQ PILOT
God I love layovers...
- Joined
- Nov 23, 2002
- Posts
- 232
Hi again Dan!
I disagree with you big time on your assessment. Remember the meeting with AQ,, HAL, and Greg B? Couple of HAL people stood up and said specifically that they didn't feel that the people at AQ had 'suffered enough'? That is PURELY personal.
You and I have talked before, so you know where I'm coming from, but your fleet of 767's and 717's was what helped rush you guys straight into bankruptcy. The $100 Million cash didn't help keep you out (then again, you did have Adams running away with a quarter of it) of bk for long. That said, our $10 Million sure seemed to last forever....but inevitably we too ended up right along side you guys in bk. We both know management was what put us both where we are today!
My feelings are simple. Had AQ and HAL merged, there would have been some training incidents for sure....our -200's would have gone bye bye and been replaced by a few more 717's. Your 76's would have gone long haul like they should be doing anyhow, we would have probably picked up some 75's, and our little old -700's could have been left alone going to neat little places like Orange County. The combined company would have made a KILLING. Hands down with GB in charge we would have actually become a real airline.
So, again, I think there was a lot of personal stuff that came out during the merger deal. I think exactly zero of it mattered in the long run. Adams was always ready to do exactly what he did. The guy is always a step or two ahead of the SEC.
Thanks for keeping your fingers crossed for us. We need all the help we can get. We all pulled for you guys during the ups and downs over there and we hope you'll continue to do the same for us. Great job on getting Gutbomb to comeback to the table and give you guys a real contract by the way! That 1113 dealio was a frickin' joke. Great job! Now hurry up and show us the way out of bankruptcy...
I disagree with you big time on your assessment. Remember the meeting with AQ,, HAL, and Greg B? Couple of HAL people stood up and said specifically that they didn't feel that the people at AQ had 'suffered enough'? That is PURELY personal.
You and I have talked before, so you know where I'm coming from, but your fleet of 767's and 717's was what helped rush you guys straight into bankruptcy. The $100 Million cash didn't help keep you out (then again, you did have Adams running away with a quarter of it) of bk for long. That said, our $10 Million sure seemed to last forever....but inevitably we too ended up right along side you guys in bk. We both know management was what put us both where we are today!
My feelings are simple. Had AQ and HAL merged, there would have been some training incidents for sure....our -200's would have gone bye bye and been replaced by a few more 717's. Your 76's would have gone long haul like they should be doing anyhow, we would have probably picked up some 75's, and our little old -700's could have been left alone going to neat little places like Orange County. The combined company would have made a KILLING. Hands down with GB in charge we would have actually become a real airline.
So, again, I think there was a lot of personal stuff that came out during the merger deal. I think exactly zero of it mattered in the long run. Adams was always ready to do exactly what he did. The guy is always a step or two ahead of the SEC.
Thanks for keeping your fingers crossed for us. We need all the help we can get. We all pulled for you guys during the ups and downs over there and we hope you'll continue to do the same for us. Great job on getting Gutbomb to comeback to the table and give you guys a real contract by the way! That 1113 dealio was a frickin' joke. Great job! Now hurry up and show us the way out of bankruptcy...
Aloha AQ Pilot(no pun intended)
We don't disagree as much as you think. I was just saying what the sentiment was. At the time I thought the combined airlines had a lot of potential, but I guess we'll never know. I remember thinking if Adam's wanted out perhaps this was our best alternative. Time seems to have proven he was willing to gamble with everyones career! We dodged a bullit no thanks to Adam's.
For the record, he was prosecuted (slap on the wrist?) for his abuse of the bankruptcy filing. At the time HAL was debt free with leases just a little to high (GB's words). Adam's abused the system by going C.11 with the airline, not the Hawaiian Holdings stock he owned. The airline never got below 25 mil in cash. Had he not taken the 25 mil out, Hawaiian never would have fallen below 50 mil in cash, before their return to strong profits. They had higher expenses in BK not lower, contrary to popular belief. They never stopped paying any of their obligations and the legal costs were about 2 mil a month. We had more money put into our retirement fund under chapter 11 than had been put in for quite a few years before. I also made a lot of extra money in profit sharing and defered compensation while under C11. IMHO it's the new airplanes that saved our okele along with very large technology expenditures. Most people give our current president (Mark Dunkerly) a lot of credit for keeping Hawaiian on track despite the very negative impact of dealing with the trustee. Operationaly, Hawaiian has never been better and they are now a solidly profitable airline.
By the way, the perception that we wanted you guys to suffer is just not true. I'm sure there is a few that feel that way as there are a few AQ pilots that feel that way about us. But you and I know that is not the majority on either side of the fence. I think that perception may have morphed out a comments by some HAL employees that felt we had made concessions and weathered through bankruptcy to get Hawaiian into the position it was at (new airplanes and well positioned for the future) and they didn't want to share! Whatever, I was looking forward to sharing the cockpit with you guys and see just what GB could do. But I'm fairly senior, so I have to sympathize with the junior guys who were concerned about losing a lot of seniority.
Hang in there, it has to be a good sign that people are willing to invest $90 million in you. Your going to hear all kinds of BS, but mark my words you'll survive. Aloha, just like Hawaiian has a strong marketable image for serving Hawaii, and that is worth a lot.
We don't disagree as much as you think. I was just saying what the sentiment was. At the time I thought the combined airlines had a lot of potential, but I guess we'll never know. I remember thinking if Adam's wanted out perhaps this was our best alternative. Time seems to have proven he was willing to gamble with everyones career! We dodged a bullit no thanks to Adam's.
For the record, he was prosecuted (slap on the wrist?) for his abuse of the bankruptcy filing. At the time HAL was debt free with leases just a little to high (GB's words). Adam's abused the system by going C.11 with the airline, not the Hawaiian Holdings stock he owned. The airline never got below 25 mil in cash. Had he not taken the 25 mil out, Hawaiian never would have fallen below 50 mil in cash, before their return to strong profits. They had higher expenses in BK not lower, contrary to popular belief. They never stopped paying any of their obligations and the legal costs were about 2 mil a month. We had more money put into our retirement fund under chapter 11 than had been put in for quite a few years before. I also made a lot of extra money in profit sharing and defered compensation while under C11. IMHO it's the new airplanes that saved our okele along with very large technology expenditures. Most people give our current president (Mark Dunkerly) a lot of credit for keeping Hawaiian on track despite the very negative impact of dealing with the trustee. Operationaly, Hawaiian has never been better and they are now a solidly profitable airline.
By the way, the perception that we wanted you guys to suffer is just not true. I'm sure there is a few that feel that way as there are a few AQ pilots that feel that way about us. But you and I know that is not the majority on either side of the fence. I think that perception may have morphed out a comments by some HAL employees that felt we had made concessions and weathered through bankruptcy to get Hawaiian into the position it was at (new airplanes and well positioned for the future) and they didn't want to share! Whatever, I was looking forward to sharing the cockpit with you guys and see just what GB could do. But I'm fairly senior, so I have to sympathize with the junior guys who were concerned about losing a lot of seniority.
Hang in there, it has to be a good sign that people are willing to invest $90 million in you. Your going to hear all kinds of BS, but mark my words you'll survive. Aloha, just like Hawaiian has a strong marketable image for serving Hawaii, and that is worth a lot.
RJP
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SWA/ATA doing the "Hula"
Pacific Business News (Honolulu) - February 25, 2005
http://pacific.bizjournals.com/pacific/stories/2005/02/21/daily59.html
LATEST NEWS
6:29 AM HST Friday
ATA to add Hawaii service
ATA Airlines, which flies to Hawaii from Seattle, San Francisco and Los Angeles, has decided to undertake a significant ramp-up of service to Hawaii, this time from Phoenix.
The move could bring more discount fliers to Hawaii but offers a competitive challenge to Hawaiian Airlines, which currently is the only airline with daily service from Phoenix to Hawaii.
ATA, which entered Chapter 11 bankruptcy late last year, recently entered into a strategic alliance with Southwest Airlines, the nation's largest discount carrier. Southwest doesn't have FAA authorization to fly to Hawaii, so ATA's service to the islands is attractive to Southwest. Just days ago the chief financial officer of Southwest was named CEO of ATA.
ATA's vice president of planning, who is aptly named Stan Hula, says ATA will launch Phoenix flights to Hawaii in April and more in June, until it, too, is flying here daily. It will serve both Honolulu and Kahului from Phoenix.
That isn't all. By June the airline says it will also have four flights a week to Kauai, three of them from Los Angeles and the fourth from San Francisco. Two more flights from Los Angeles will go to Kona. ATA already has daily flights from Los Angeles to Maui which actually start in Indianapolis, the carrier's headquarters hub.
Just as Southwest intends to use ATA to get people to Hawaii, its closest discount competitor America West already interchanges passengers with Hawaiian Airlines at both of its hubs, Phoenix and Las Vegas.
© 2005 American City Business Journals Inc.
Pacific Business News (Honolulu) - February 25, 2005
http://pacific.bizjournals.com/pacific/stories/2005/02/21/daily59.html
LATEST NEWS
6:29 AM HST Friday
ATA to add Hawaii service
ATA Airlines, which flies to Hawaii from Seattle, San Francisco and Los Angeles, has decided to undertake a significant ramp-up of service to Hawaii, this time from Phoenix.
The move could bring more discount fliers to Hawaii but offers a competitive challenge to Hawaiian Airlines, which currently is the only airline with daily service from Phoenix to Hawaii.
ATA, which entered Chapter 11 bankruptcy late last year, recently entered into a strategic alliance with Southwest Airlines, the nation's largest discount carrier. Southwest doesn't have FAA authorization to fly to Hawaii, so ATA's service to the islands is attractive to Southwest. Just days ago the chief financial officer of Southwest was named CEO of ATA.
ATA's vice president of planning, who is aptly named Stan Hula, says ATA will launch Phoenix flights to Hawaii in April and more in June, until it, too, is flying here daily. It will serve both Honolulu and Kahului from Phoenix.
That isn't all. By June the airline says it will also have four flights a week to Kauai, three of them from Los Angeles and the fourth from San Francisco. Two more flights from Los Angeles will go to Kona. ATA already has daily flights from Los Angeles to Maui which actually start in Indianapolis, the carrier's headquarters hub.
Just as Southwest intends to use ATA to get people to Hawaii, its closest discount competitor America West already interchanges passengers with Hawaiian Airlines at both of its hubs, Phoenix and Las Vegas.
© 2005 American City Business Journals Inc.
RJP
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Another fine AQ plan goes down the tubes....
Pacific Business News (Honolulu) - February 26, 2005
http://pacific.bizjournals.com/pacific/stories/2005/02/21/daily64.html
LATEST NEWS
11:47 AM HST Saturday
Aloha Airlines: Too much capacity to Las Vegas
Aloha Airlines says the Hawaii-Vegas air corridor has become unprofitable because too many airlines are flying it. But the local carrier says it has found a way to continue serving the market anyhow.
"Non-stop Las Vegas service was unprofitable due to overcapacity and highly discounted fares," Aloha said Friday. "To continue serving its Hawaii customers, Aloha will operate daily Las Vegas service via Oakland."
That begins April 3.
Hawaiian Airlines also flies Hawaii-Vegas, and so do charter carriers. Many local residents fly to Vegas on charter aircraft affiliated with Boyd Gaming's California Hotel, which despite its name is a mecca for vacationers from Hawaii.
Aloha, which has the power under Chapter 11 of federal bankruptcy law to back out of contracts such as aircraft leases, also announced Friday that it will return two Boeing 737-700 aircraft this year.
The airline previously suspended service to other Pacific locations and announced its intention to stop serving Vancouver and Burbank.
Despite that, Aloha plans some mainland service expansions.
In April it will boost nonstop service from Orange County to five flights a day, and offer double-daily service from San Diego.
In July, it will add a fourth daily flight from Oakland, with the new flight being one of two nonstops to Maui.
Aloha also flies to Sacramento and Reno.
The bankruptcy court Friday approved Aloha motions to take $5 million in debtor-in-possession funding to keep flying while the company works to secure union agreements.
In a setback to that effort, Aloha mechanics, the last union to accept labor cost reductions, voted Thursday night against ratifying a tentative five-year contract agreement negotiated by their union.
The rejection appeared to take both management and the union by surprise, and the timing of it created a fresh problem. Expecting ratification, the airline had negotiated new wages to kick in Feb. 1. Employees belonging to the other four unions at Aloha got paychecks Friday reflecting 10 percent pay cuts. Workers who thought everyone's pay cuts would start at the same time expressed anger with both the mechanics and the management.
Did they mention that the 737-700 is weight-restricted and totally inadequate for LAS-HNL?
Pacific Business News (Honolulu) - February 26, 2005
http://pacific.bizjournals.com/pacific/stories/2005/02/21/daily64.html
LATEST NEWS
11:47 AM HST Saturday
Aloha Airlines: Too much capacity to Las Vegas
Aloha Airlines says the Hawaii-Vegas air corridor has become unprofitable because too many airlines are flying it. But the local carrier says it has found a way to continue serving the market anyhow.
"Non-stop Las Vegas service was unprofitable due to overcapacity and highly discounted fares," Aloha said Friday. "To continue serving its Hawaii customers, Aloha will operate daily Las Vegas service via Oakland."
That begins April 3.
Hawaiian Airlines also flies Hawaii-Vegas, and so do charter carriers. Many local residents fly to Vegas on charter aircraft affiliated with Boyd Gaming's California Hotel, which despite its name is a mecca for vacationers from Hawaii.
Aloha, which has the power under Chapter 11 of federal bankruptcy law to back out of contracts such as aircraft leases, also announced Friday that it will return two Boeing 737-700 aircraft this year.
The airline previously suspended service to other Pacific locations and announced its intention to stop serving Vancouver and Burbank.
Despite that, Aloha plans some mainland service expansions.
In April it will boost nonstop service from Orange County to five flights a day, and offer double-daily service from San Diego.
In July, it will add a fourth daily flight from Oakland, with the new flight being one of two nonstops to Maui.
Aloha also flies to Sacramento and Reno.
The bankruptcy court Friday approved Aloha motions to take $5 million in debtor-in-possession funding to keep flying while the company works to secure union agreements.
In a setback to that effort, Aloha mechanics, the last union to accept labor cost reductions, voted Thursday night against ratifying a tentative five-year contract agreement negotiated by their union.
The rejection appeared to take both management and the union by surprise, and the timing of it created a fresh problem. Expecting ratification, the airline had negotiated new wages to kick in Feb. 1. Employees belonging to the other four unions at Aloha got paychecks Friday reflecting 10 percent pay cuts. Workers who thought everyone's pay cuts would start at the same time expressed anger with both the mechanics and the management.
Did they mention that the 737-700 is weight-restricted and totally inadequate for LAS-HNL?
Der Kommissar
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Der Kommissar
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dash8driver
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Hugh Jorgan
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Der Kommissar
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I have no idea who the hell you guys are talking about. 
I can take Frau Kommissar AND at least a few things from Costco, thank you. Unfortunatley you gotta call in some heavy lift capabilities -when you're buying food for Der Kommissar you gotta buy in bulk.
Your avitar creeps me out, Dash8...
I can take Frau Kommissar AND at least a few things from Costco, thank you. Unfortunatley you gotta call in some heavy lift capabilities -when you're buying food for Der Kommissar you gotta buy in bulk.
Your avitar creeps me out, Dash8...
dash8driver
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Der Kommissar
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Der Kommissar is always on the lookout for product diversification.
So what's the deal with these FlyHI guys? I heard a little here and there, and now they have a website. Any idea when they plan on starting their operation? ...and are they going to use new ATRs? (do they even make ATRs anymore?). I would think if they (or WP for that matter) could just operate some new turboprops that they'd have half the battle won right there.
And by "Two" Airlines I meant airlines that can fly over 300 miles. Sheesh... you can bring the kid inside out of the mud, but you just can't clean 'em up I guess.
So what's the deal with these FlyHI guys? I heard a little here and there, and now they have a website. Any idea when they plan on starting their operation? ...and are they going to use new ATRs? (do they even make ATRs anymore?). I would think if they (or WP for that matter) could just operate some new turboprops that they'd have half the battle won right there.
And by "Two" Airlines I meant airlines that can fly over 300 miles.
Sheesh... you can bring the kid inside out of the mud, but you just can't clean 'em up I guess.
dash8driver
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- Mar 25, 2002
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