Midnight Mike
2008-04-29, 07:40 AM
Tue Apr 29, 2:25 AM ET
HONOLULU - Aloha Airlines shut down its cargo division Monday because its primary lender decided not to provide further financing.
Aloha carries 85 percent of the state's interisland air cargo, including all mail to and from Maui and the Big Island.
Airline attorneys say GMAC Commercial Finance's decision to stop financing Monday came after two companies interested in buying the cargo division pulled out.
http://news.yahoo.com/s/ap/20080429/ap_ ... a_airlines (http://news.yahoo.com/s/ap/20080429/ap_on_bi_ge/aloha_airlines)
HONOLULU - Aloha Airlines shut down its cargo division Monday because its primary lender decided not to provide further financing.
Aloha carries 85 percent of the state's interisland air cargo, including all mail to and from Maui and the Big Island.
Airline attorneys say GMAC Commercial Finance's decision to stop financing Monday came after two companies interested in buying the cargo division pulled out.
http://news.yahoo.com/s/ap/20080429/ap_ ... a_airlines (http://news.yahoo.com/s/ap/20080429/ap_on_bi_ge/aloha_airlines)