Hawaii News: Aloha Files Ch. 11 Again...

[RJP]

Unfortunately, this is the mindset Banmiller has and has had for years. Blaming fuel costs and go! isn't going to return Aloha to profitability. Even if Aloha wins the case against Mesa, Mesa will file bankruptcy and Aloha gets nothing. Also,. Hawaiian didn't win on a predatory pricing claim.

If go! were to leave today, Aloha still woudn't be profitable.

Hawaiian, on the other hand, actually had a plan and is profitable. They executed it and won their case and was able to get their judgement backed by cash. Aloha intentionally delayed the trial as a tactic to see how Hawaiian did and actually saw Hawaiian take any chance they had of receiving damages. Hawaiian has leadership.

Aloha needs to shed its leadership and create a plan that returns it to profitability. Blame isn't going to fix this. It also explains the attrition.

Old planes, marginal routes and weak leadership. My heart goes out to the Aloha people and I hope that change happens because we need Aloha.

Best post to date. Well said. Unfortunately, they (management) aren't in the business of making money there for some reason.

Sometimes it feels like they're just crossing their fingers and hoping that something good will happen. Let's hope this is a defensive move, but Hikoushi, who is going to buy AQ? And why?

Hang in there gents!

 

[YMICFI]

Thoughts

Any idea about the fate of the guys in class right now?

Any thoughts on this? There are 10 in class right now. There are another 8 that just finished training. What can they expect?

 

[brokedash]

If it is any condolence JO is about to get the boot from the Chinese venture...so say some strong pilot rumors.

Oh, BTW GO! is still a money draining proposition for JO, just as it has since day 1. You should see how cheap the next batch of GO! planes will look. All white except for GO! stickers.

 

[RJP]

All white except for GO! stickers.

Already on the ramp.

 

[fly4surf]

WOW.
It never ceases to amaze me over there.
Best of luck to you guys.
I agree with the thought that this is just a defensive move to deal with the losses from fuel/go. Hope so anyway, for what do I know.

 

[whymeworry?]

BTW, only 2 pilot groups stood up to mgmt in the post 9/11 concessionary years. DL and AQ. UAL, NW, CAL, all folded under the fear of mgmt's threats.

You guys and gals are to be commended for that. Take mgmt to the mat once again if they plan on using pilots as their cash-flow control valve.

"NO PILOTS, NO ALOHA"

My buddy there sent me that shirt. I still wear it at least once a week here in TX.

 

[G100driver]

Good luck guys/gals. I have always thought you were a class act.

 

[Hikoushi]

Let's hope this is a defensive move, but Hikoushi, who is going to buy AQ? And why?

Mark my words. It may or may not work, but they will try. This could be an OFFENSIVE move, not a defensive one. KILL GO!


As for your question...

Step 2:

Aloha Airlines in talks to sell all or parts of company

[FONT=Trebuchet MS, Verdana][SIZE=-2][FONT=Trebuchet MS, Verdana][SIZE=-2]Rick Daysog
Advertiser Staff Writer[/SIZE][/FONT]
[/SIZE][/FONT]
[FONT=Times New Roman, Times, serif]
Aloha Airlines today said it is in discussions with several parties to sell the entire airline or parts of it.
[/FONT][FONT=Times New Roman, Times, serif]
Aloha, the state's second-largest carrier, filed for Chapter 11 bankruptcy protection yesterday with assets and liabilities both in excess of $100 million. Aloha also blamed unfair competition by low-cost carrier go!.
In a hearing in U.S. Bankruptcy Court this morning, Aloha said it was down to $3.5 million in cash and that its expenses over the next 10 days would eat away about $2.3 million of that.
Aloha said its main investor, Yucaipa Co., had plowed more than $110 million in the airlines since it emerged from bankruptcy in February 2006. Yucaipa said it is unwilling to provide further financing. During the hearing, U.S. Bankruptcy Judge Lloyd King granted Aloha permission to pay some of its daily operating costs, such as utility bills and wages. King will hold further hearings this afternoon on Aloha's agreement with lenders to secure more financing.
[/FONT]
http://www.honoluluadvertiser.com/apps/pbcs.dll/article?AID=/20080321/BREAKING03/80321040

 

[Junkflyer]

I've heard the class in ground school was furloughed.

 

[go!ng for broke]

http://starbulletin.com/2008/03/22/news/story03.html