Historical Facts About Aloha Airline's Bankruptcy

Discussion in 'Bankruptcy' started by Bankruptcy, Sep 2, 2010.

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    Bankruptcy Guest

    Aloha Airlines, named after the popular Hawaiian greeting, was an
    airline service that operated from Honolulu in Hawaii until it closed
    operations in March 2008. This marked a sad end for a company that had
    survived for more than six decades and had successfully come off
    bankruptcy two years earlier.

    On March 20 2008, Aloha President David Banmiller stated that they
    were out of time to secure a competent buyer or find sustainable
    finances for their passenger services. While giving official
    statements he said that the airline had no choice but to declare
    themselves as bankrupt. Aloha Airlines had been a regular sufferer
    since Phoenix-based Mesa Air Group Inc. launched their new inter-
    island air services called go! Airlines in 2006. This had set off a
    local inter-island airfare war, a war that Aloha ultimately lost.


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    Bankruptcy, Sep 2, 2010
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    jajjie123

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    airline service that operated from Honolulu in Hawaii until it closed
     
    jajjie123, Jan 19, 2011
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