Aloha Air Cargo, the division arrested
Aloha Airlines informed a bankruptcy judge that the company is unable to sell its cargo division and measures should be discontinued at the end of the operation Monday.
The announcement came during a hearing to decide whether Aloha pilot could go on strike of a contract dispute.
Aloha lawyers said that the two companies interested in purchasing the division Cargo withdrawn within two hours of each other on Monday afternoon. If this is done, Aloha, first, lenders, GMAC, said he was not prepared to fund.
Aloha bankruptcy lawyer Paul Singerman said he had “great regret on the circumstances.”
The ruling marks the end of about 1000 employees.
The end of the cargo Aloha is a great influence on the economy of Hawaii. Aloha cargo from 85 per cent of international air transport business. The company took a big contract with the U.S. Postal Service, produce distributors and bakeries.
The withdrawal of two potential buyers, left the company “is not an alternative”, but the relocation of bankruptcy from Chapter 11 to Chapter 7 bankruptcy liquidation. Officials said the company began selling its assets
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