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

[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]
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[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

 

[Jim]

BTW, only 2 pilot groups stood up to mgmt in the post 9/11 concessionary years.

Not to take away from Aloha, but Hawaiian pilots did not roll over during their bankruptcy either.

 

[RJP]

As for your question...

OK, your words have been marked. I hope they figure something out to save jobs. But, what happens if they sell AQ piece-by-piece? If they separate cargo, trans-pac, inter-island and contract services, what do they do with flight crews?

 

[YMICFI]

True

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

Yes they were. Effective April 4th (2 weeks).

Was last day of ground school.

 

[Freight Dog]

OK, your words have been marked. I hope they figure something out to save jobs. But, what happens if they sell AQ piece-by-piece? If they separate cargo, trans-pac, inter-island and contract services, what do they do with flight crews?

I'd imagine it depends what they do and how they do it. Could be 363 asset sale in which case we'd be screwed. If someone buys the ETOPS or interisland operation separately, I'd imagine, or rather hope that they would honor our scope and fragmentation clauses in our contract. Basically, the pilots flying in the sub base that was bought would go with the aircraft. Don't know about other groups though.

 

[brokedash]

Yes they were. Effective April 4th (2 weeks).

Was last day of ground school.

The last day of ground, that sucks big ones. Best of luck to those guys.

 

[fly4surf]

It burns me good to read newspaper responses like the ones in the above link.
Why must people be so ignorant?

Is the date against Mesa Oct 8th, or earlier?
Maybe this is good posturing before that???
Trying to find something positive.

 

[CommanderHoek]

Lots O' Jobs

Lots of Jobs for you guys and gals! A friend has told me that Cathay Pacific alone is desperate. Just be careful working for a foreign carrier. It ain't for the faint of heart but a 777 or 747 rating would open more doors and they are free.

 

[Alaska82]

http://www.bizjournals.com/pacific/stories/2008/03/24/daily30.html?jst=s_cn_hl

If this happens I wonder if you'll get a good deal on fuel?

 

[Alaska82]

It looks like the same company from the above post, Saltchuk Resources Inc. also owns Northern Air Cargo, http://www.northernaircargo.com. Interesting

 

[FFFO]

It looks like the same company from the above post, Saltchuk Resources Inc. also owns Northern Air Cargo, http://www.northernaircargo.com. Interesting

anyone know of their reputation? pay, maintenance, schedule, management?