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Aloha files for Chapter 11 bankruptcy

HONOLULU (AP) — Aloha Airlines has filed for Chapter 11 bankruptcy protection, a little more than two years after emerging from bankruptcy.

Aloha Airgroup Inc. says it was unable to generate sufficient revenue due to what it called predatory pricing by Mesa Air Group’s go! airline.

Phoenix-based Mesa Air Group Inc. launched go! into the interisland market later in 2006 to compete with Aloha and Hawaiian Airlines Inc.

In January, go! reported a $20 million operating loss in its first 16 months of operations. Meanwhile, Aloha and Hawaiian reported combined losses of nearly $65 million since go! began operating.

Aloha emerged from bankruptcy protection in February 2006, just 14 months after filing under Chapter 11. E-mail to a friend

Copyright 2008 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

Aloha files for Chapter 11 bankruptcy – found here.

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March 21, 2008 - Posted by | Uncategorized

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