January 05, 2005
On Dec. 30, Honolulu-based Aloha Airlines and its corporate parent, Aloha Airgroup Inc., filed for bankruptcy under Chapter 11 provisions of the U.S. Bankruptcy Code. The 58-year-old airline blamed soaring fuel costs, the post-9/11 economic slowdown and fierce competition. “It will be business as usual as we move forward to complete the restructuring of our company,” said David A. Banmiller, president and CEO of Aloha. Banmiller stressed Aloha will continue honoring tickets, operating flights as scheduled and booking reservations for future travel.