By
Associated Press
.
Published: Mon, March 31, 2008 - 2:00 am
Last Updated: Mon, March 31, 2008 - 2:04 am
HONOLULU (AP) - Aloha Airlines is throwing in the towel, avictim of stiff competition and rising fuel prices.
Aloha says it will halt all passenger service after Monday,
signaling the end of an airline that has served Hawaii for more
than 60 years.
Aloha, which filed for Chapter 11 bankruptcy protection on March
20, says it will stop taking reservations for flights after Monday.
Aloha President David Banmiller says the airline "simply ran
out of time to find a qualified buyer or secure continued financing
for our passenger business."
Aloha has suffered since Phoenix-based Mesa Air Group launched a
new inter-island carrier called go! airlines in 2006, triggering a
local airfare war.
Banmiller says Aloha was a victim of "unfair competition."
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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