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Aloha succumbs...
http://online.wsj.com/article/SB1206...ys_us_page_one
They lay the blame on "predatory pricing" from go!... |
"Here we go..."
http://www.honoluluadvertiser.com/ap...WS01/803210393 http://starbulletin.com/2008/03/21/news/story01.html That anti-trust lawsuit in October (Aloha v. Mesa) will be interesting and I hope Aloha can prevail. This bankruptcy helps build their case for predatory pricing, but a second one in three years is definitely not good. People in Hawaii are already unhappy with go! which is why their load factors are so low. Many friends and family in Hawaii say they've had terrible experiences with being late, canceled flights, lost bags, etc. How you can lose someone's bag when they have no connections to be made is beyond me... With all the bad publicity (lawsuits, sleeping pilots), I'm sure people who who were rooting for go! now realize they made a mistake. |
Sad news for sure. I wish the best for the good folks at Aloha. May Go! rot in ****.
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Hopefully Aloha's creditors can still pursue JO in court even if Aloha goes TU.
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Found this in the Honolulu Advertiser in the article about Aloha's bankruptcy:
"The bankruptcy comes as Aloha is suing go! for misusing confidential information to try to drive it out of business. Aloha has alleged that Mesa used proprietary records to launch go! A similar lawsuit by Hawaiian Airlines resulted in an $80 million judgment against Mesa. In that lawsuit, Hawaiian's lawyers disclosed e-mails in which Mesa's chief financial officer at the time, Peter Murnane, stated: "We definitely don't want to wait for (Aloha) to die, rather we should be the ones who give them the last push." Ornstein previously denied that Mesa attempted to drive Aloha out of business. Ornstein testified that his company attempted to invest $20 million in Aloha. Aloha's suit will go to trial in October. "If Aloha wins their lawsuit, the damages are going to be enormous," said Forman, the aviation industry historian. "Mesa doesn't have enough money to pay those damages." http://www.honoluluadvertiser.com/ap...WS01/803210393 How's that sound? |
This is unfortunate... i guess poor work conditions and treating your employees like **** is the way to run a business and survive after all
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Know someone who is to interview with Aloha this week, wonder what the status is now?
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Not a good situation for Aloha. I hope legal action is taken.
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