Aloha filed for Chapter 11 bankruptcy March 20, the second time in three years. Aloha blamed what it termed unfair competition from go airlines, a subsidiary of Arizona-based Mesa Air Group Inc., and Banmiller stood by that on Sunday.
Banmiller thanked employees, but said the airline had to face reality that no buyer would come to its rescue. Aloha's owners, who pulled the airline out of its last bankruptcy in 2004, have lost an estimated $200 million and the company has been losing about $5 million a month for the past year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment