Aloha Shutdown – Aerius not affected
Wiht Honolulu-based Aloha shutting down after it couldn’t find a buyer or financing to keep flying, filing for Chapter 11 protection in the US Bankruptcy Court in Honolulu on March 20, Adrian Miller, MD of Aloha’s Australian representative, Aerius said that the company would not be affected by the airline’s closure, sad though it was.
Aloha, which mainly flew inter-island routes in Hawaii, previously filed for bankruptcy in December 2004 and emerged from that case in February 2006.
ATA, a carrier based in Indianapolis, filed for Chapter 11 protection in the US Bankruptcy Court there on April 2 and ceased operations, citing high fuel prices and the loss of a contract for military charter flights. ATA emerged from a bankruptcy case in February 2006.
The cost of jet fuel has risen 62% in the past year, according to the International Air Transport Association, a trade group representing 240 airlines. The Airbus A319 flown by Skybus carries 6300 gallons of fuel. Skybus operated a fleet of 11 Airbus jetliners and served 15 cities.
Skybus placed an order in 2006 for 65 Airbus A319s, with a total list price of $US4.3 billion. Airbus SAS was named in court papers as the company’s second-biggest unsecured creditor, with a $US1.9 million claim, which Skybus said is in dispute.
The airline tried to emulate Dublin-based Ryanair, Europe’s biggest discount airline, which often gives away tickets while charging fees for baggage and selling merchandise and ad space in cabins.
Adrian said that Aloha was tiny part of Aerius’ business.
A Report by The Mole.
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