LAXintl From United States of America, joined May 2000, 23469 posts, RR: 50 Posted (10 months 3 days 18 hours ago) and read 3812 times:
A month ago it was reported the carrier was in talks to be acquired, but now news is out that the company has hired a law firm that specializes in bankruptcies as a step to considering "strategic alternatives".
Attorney for the law firm Skadden, Arps, Slate Meagher & Flom LLP & Affiliates, who say they are advising the airline on options which include debt restructuring or "in the worst-case scenario, a shutdown and liquidation."
In addition this week, the Island Air board changed with the appointment of Peter Kravitz also an attorney whose practice has focused on "administering, liquidating and litigation trusts.”
ridgid727 From United States of America, joined Jul 2008, 1001 posts, RR: 0 Reply 4, posted (10 months 3 days 13 hours ago) and read 3432 times:
Quoting SWALUV (Reply 3): Is it possible that HA is looking at buying them? There was talk that HA was looking for props, this would take care of that as well as strengthen their inter-island presence.
Probably not, as HA bought their own ATR's and has contracted Empire Airlines out of Idaho to operate them. I believe that operation is to start sometime in April.
usxguy From United States of America, joined Jan 2006, 907 posts, RR: 6 Reply 7, posted (9 months 3 weeks 21 hours ago) and read 2679 times:
C & D checks put a plane out of service for a long time. They are just unwilling to wet-lease or have someone else do the fill-in while they planes are out. Pride is going to sink this airline. And the bad news is Mokulele is already quite full, so except for a few Pacific Wings flights, there's no one to pick up the slack in West Maui, Lanai, and Molokai...
ridgid727 From United States of America, joined Jul 2008, 1001 posts, RR: 0 Reply 11, posted (9 months 3 weeks 17 hours ago) and read 2487 times:
The reliability of Island Air has really taken a hit in the last few months. I do believe that the sustainability of an operation such as Island Air without much room for any growth dictates the outcome of what will eventually happen to them, especially with HA forming their prop operation.
It would appear that they should have tried to develop a split operation similar to what Cape Air Does, perhaps on the mainland in an area that could really use a prop operation. (wherever that may be)
I wish the best for everyone at Island Air, I have always enjoyed their service, and it wasn't too long ago that they had great service.
Les Murashige has been named president and Lesley Kaneshiro chief financial officer of Island Air.
Murashige has a nearly lifelong career in Hawaii's aviation industry, starting with his first job as a part-time airplane cleaner at Hawaiian Airlines, up to executive positions with defunct Aloha Airlines. He has previously held executive positions at Island Air.
"We are pleased to welcome Les Murashige back to the Island Air family," said owner Charles Willis in a statement. "Les brings a wealth of knowledge and experience to guide the transition we have been planning and are now implementing."
T prop From United States of America, joined Apr 2001, 1015 posts, RR: 1 Reply 19, posted (9 months 2 weeks 1 day 15 hours ago) and read 1648 times:
Well that's good that they appear to be sticking around. I fly to Molokai once in a while and I wouldn't feel comfortable having to ride in a single engine Cessna Caravan that operates under part 135 rules.
RWA380 From United States of America, joined Feb 2005, 2582 posts, RR: 4 Reply 20, posted (9 months 1 week 4 days 23 hours ago) and read 1327 times:
Quoting T prop (Reply 19): I fly to Molokai once in a while and I wouldn't feel comfortable having to ride in a single engine Cessna Caravan that operates under part 135 rules.
It sure will be nice to see HA back on MKK & LNY, adding reliability and connectivity around the pacific rim. I do hope WP sticks around, It's been a long time since I spent a week at Wavecrest, maybe I should go back and re-visit MKK.
On a side note, I'd like to have another option on KOA-OGG, seems it's either 2 HA flights at $100 a person, or pacific wings at $60, there was only 1 Mokulele flight listed for the Saturday we are flying, and as T prop said I do not feel comfortable with those prop options, I'd love to see WP flying KOA-OGG, if they pull it together by October.
brilondon From Canada, joined Aug 2005, 3795 posts, RR: 1 Reply 21, posted (9 months 1 week 4 days 19 hours ago) and read 1203 times:
Quoting RWA380 (Reply 20): On a side note, I'd like to have another option on KOA-OGG, seems it's either 2 HA flights at $100 a person, or pacific wings at $60, there was only 1 Mokulele flight listed for the Saturday we are flying, and as T prop said I do not feel comfortable with those prop options, I'd love to see WP flying KOA-OGG, if they pull it together by October.
I agree, those caravans are a little unnerving when flying through some of those winds that they have make for some fun flying.