Minimaniac
Benevolent Dictator
- Joined
- Dec 12, 2005
- Posts
- 455
Just as an informational post...
The new "interim" CEO of Mokulele was installed by RAH. Mokulele was unable to keep up with its loan repayment schedule to RAH ($8 million). RAH assumed a large share of Mokulele after the default, and now exercises control over the day to day operations of Mokulele. This was not the ideal arrangement, but RAH needed to provide benefit to its shareholders in return for the loan. Since RAH has assumed control of Mokulele, they have sought to increase ticket sales by making tickets on Mokulele available in more venues. Apparently, this particular arrangement allows Mokulele tickets to be purchased by CAL passengers. So yes, CAL passengers can buy a ticket on a 70 seat RJ through the CAL website. And yes, that ticket will be for a flight operated by RAH. However, none of these planes say Continental on the side, and CAL does not have an agreement whereby they have purchased the rights to sell seats on the Mokulele flights themselves. IF any money has been exchanged in this deal, it was RAH/Mokulele paying CAL for the space on the CAL reservations website.
The new "interim" CEO of Mokulele was installed by RAH. Mokulele was unable to keep up with its loan repayment schedule to RAH ($8 million). RAH assumed a large share of Mokulele after the default, and now exercises control over the day to day operations of Mokulele. This was not the ideal arrangement, but RAH needed to provide benefit to its shareholders in return for the loan. Since RAH has assumed control of Mokulele, they have sought to increase ticket sales by making tickets on Mokulele available in more venues. Apparently, this particular arrangement allows Mokulele tickets to be purchased by CAL passengers. So yes, CAL passengers can buy a ticket on a 70 seat RJ through the CAL website. And yes, that ticket will be for a flight operated by RAH. However, none of these planes say Continental on the side, and CAL does not have an agreement whereby they have purchased the rights to sell seats on the Mokulele flights themselves. IF any money has been exchanged in this deal, it was RAH/Mokulele paying CAL for the space on the CAL reservations website.