DA.C - View Single Post - Hawaiian-Aloha Merger is OFF!!!

AV8TOR · 03-17-2002, 05:01 AM

Hawaiian Airlines officials announced tonight that it is no longer going forward with the proposed $200 million merger with Aloha Airlines.

This ends hopes of a merger between the two interisland airlines.

The airline said in a statement that it had been asked by TurnWorks, the Houston firm organizing the merger, to consider extending an April 18 outside date for completing the merger and Hawaiian said it has decided not to extend the date.

Hawaiian spokesman Keoni Wagner said the statement means the merger is off.

Wagner said last night that one of the considerations for Hawaiian not going forward with the merger was "the expense of getting the deal done."

A spokeswoman for TurnWorks said tonight that "TurnWorks is extremely disappointed."

03-17-2002, 05:01 AM	#1
AV8TOR Insane Collector Join Date: Jul 2000 Age: 34 Posts: 1,052	Hawaiian-Aloha Merger is OFF!!! Hawaiian Airlines officials announced tonight that it is no longer going forward with the proposed $200 million merger with Aloha Airlines. This ends hopes of a merger between the two interisland airlines. The airline said in a statement that it had been asked by TurnWorks, the Houston firm organizing the merger, to consider extending an April 18 outside date for completing the merger and Hawaiian said it has decided not to extend the date. Hawaiian spokesman Keoni Wagner said the statement means the merger is off. Wagner said last night that one of the considerations for Hawaiian not going forward with the merger was "the expense of getting the deal done." A spokeswoman for TurnWorks said tonight that "TurnWorks is extremely disappointed." __________________ E ola mau ka `ôlelo Hawai`i!