Bidder Negotiating For Aloha Cargo
POSTED: 7:53 am HST April 30, 2008
UPDATED: 8:03 am HST April 30, 2008
Email
Print
HONOLULU -- Major developments were made overnight regarding the Aloha Cargo shutdown.Sources told KITV that negotiations were done to potentially resurrect the carrier's cargo business.The airline and its main lender, GMAC, are discussing a potential sale of cargo to one of the two companies that dropped out of the bidding, sources said.The deal may also involve working some settlement out with the pilots union, sources said. A pilot union spokesman said he has not heard from the company but would be willing to talk.Local companies have been scrambling to find alternative air freight options since Aloha Cargo accounted for 85 percent of the state's interisland business.
Previous Stories:
- April 30, 2008: Pacific Air Cargo Joins Interisland Service
- April 29, 2008: Laid-Off Employees Provide Aloha For Cargo Customers
- April 29, 2008: Hawaiian Cargo, Others Busy After Aloha Closes
- April 29, 2008: Aloha Now Says Contract Services Not Axed
- April 29, 2008: Aloha Air's Cargo Division Shutting Down
- April 29, 2008: Aloha Cargo Shutdown Leaves Companies Scrambling
- April 28, 2008: Aloha Pilots To Learn Strike Fate
- April 26, 2008: Aloha Pilots Hold Strike Until Monday Hearing
- April 24, 2008: Judge Approves Part Of Aloha Air Sale
- April 22, 2008: Aloha Cargo Auction Delayed
- April 21, 2008: No Winner For Aloha Air Auction Of Cargo Division
- April 18, 2008: Remaining Aloha Pilots Threaten To Strike
Copyright 2008 by KITV.com All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
