Aloha Poised to Exit Bankruptcy

Aloha Airlines is poised to exit bankruptcy protection by mid-month. The carrier has received federal bankruptcy court approval of modifications it made to its reorganization plan. Aloha is hopeful it will have its new funding by mid-February, says David Banmiller, Aloha's president and CEO. Under the modified plan, the carrier will exit bankruptcy with $63 million in equity and very little debt, Banmiller adds.

Read more on:

Suggested Articles:

The Coast Guard is urging vessels with 50 or more passengers to expand their medical capabilities, as local facilities are overwhelmed. Read more.

Passengers can reschedule flights up to December 31, 2020, at no additional cost, so they need not take any immediate action. Read more.

From Thailand to Nepal, tourists across Asia are finding their vacations turning to nightmares as airlines cancel flights and countries close borders.