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LATEST NEWS
4:52 PM HST Thursday
Aloha Airlines files for bankruptcy
Prabha Natarajan
Aloha Airgroup Inc., parent company of Aloha Airlines, filed for voluntary Chapter 11 and reorganization bankruptcy Thursday afternoon.
It listed 20 unsecured creditors, the top being First Hawaiian Bank with $42.8 million in trade debt.
The Air Transportation Stabilization Board, which gave the company a $45 million loan after the Sept. 11, 2001, terrorist attacks to upgrade systems and expand, is the second highest claimant with $24.1 million.
The third largest debt owed is also with First Hawaiian, on a nearly $13 million line of credit. It also owes the bank $8.5 million for a term loan.
LATEST NEWS
4:52 PM HST Thursday
Aloha Airlines files for bankruptcy
Prabha Natarajan
Aloha Airgroup Inc., parent company of Aloha Airlines, filed for voluntary Chapter 11 and reorganization bankruptcy Thursday afternoon.
It listed 20 unsecured creditors, the top being First Hawaiian Bank with $42.8 million in trade debt.
The Air Transportation Stabilization Board, which gave the company a $45 million loan after the Sept. 11, 2001, terrorist attacks to upgrade systems and expand, is the second highest claimant with $24.1 million.
The third largest debt owed is also with First Hawaiian, on a nearly $13 million line of credit. It also owes the bank $8.5 million for a term loan.
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