<http://money.cnn.com/2008/03/30/news/companies/aloha_bankruptcy.ap/>

<http://starbulletin.com/breaking/breaking.php?id=6889>

" Aloha Airlines is shutting down its passenger flight operations
beginning tomorrow.

:'(

Aloha mai Nai`a!

On Mar 30, 3:10 pm, Michael J Wise kapu.net> wrote:

Maybe not. IIRC I heard on the radio that it's up to creditors
whether
Aloha can shut down. Some judge ruled that way on whether to allow
the shutdown. I guess it's a little like the Bear Stearns thing where
it's
worthless if it can't continue to operate.

Hasn't a judge already ruled that Aloha has the right to file for
bankruptcy?

"al Guacamole" lava.net> wrote in message
news:1207096802-sch@news.lava.net...

On Mar 30, 3:10 pm, Michael J Wise kapu.net> wrote:

Maybe not. IIRC I heard on the radio that it's up to creditors
whether
Aloha can shut down. Some judge ruled that way on whether to allow
the shutdown. I guess it's a little like the Bear Stearns thing where
it's
worthless if it can't continue to operate.

On Apr 2, 9:15 am, "Jerry Okamura" hawaii.rr.com> wrote:

Apparantly so.... Papers say that they shut down operations. Makes it
bad for sharesholders and creditors. It's harder to sell if the
employees are gone. Was with a company that went into chapter 13 and
the creditors took it over. In this case, the state attempted to buy
some time I guess for that to happen. But I guess, in this case, the
Aloha Board would rather go out of business than sell to say Mesa....

"al Guacamole" lava.net> wrote in message
news:1207178101-sch@news.lava.net...

On Apr 2, 9:15 am, "Jerry Okamura" hawaii.rr.com> wrote:

Apparantly so.... Papers say that they shut down operations. Makes it
bad for sharesholders and creditors. It's harder to sell if the
employees are gone. Was with a company that went into chapter 13 and
the creditors took it over. In this case, the state attempted to buy
some time I guess for that to happen. But I guess, in this case, the
Aloha Board would rather go out of business than sell to say Mesa....

Don't you think that ANY company that is in deep financial trouble has as
their primary responsibility what is best for the shareholders of the
company?

On Thu, 3 Apr 2008, Jerry Okamura wrote:

In theory, yes. In practice, no. That's why we have the
Sarbannes-Oxley act. To keep CEOs and Boards from
inflating company profits, and hiding problems from
creditors and shareholders. The usual corporate
practice doesn't help the shareholder, but is in the
interest of the CEO. In this case, it's pretty obivous
that the Aloha executives don't want a takeover by
Mesa. The same was said about a takeover of Yahoo by
Microsoft.

"Alvin E. Toda" lava.net> wrote in message
news:1208037900-sch@news.lava.net...

And does it work? The answer is, no it does not work, because you
only have
to look at those companies who have folded to know the answer to that
question. Enron is a classic example of that.

On Apr 12, 6:20 pm, "Jerry Okamura" hawaii.rr.com> wrote:

"only". No. What about the companies that don't fold, but just make
mediocre profits? In this case, the CEO and his board should have been
kicked out to save the company. Too bad the state couldn't get the
time to do that through the courts. CEOs have more blame then you
think...

"al Guacamole" lava.net> wrote in message
news:1208145001-sch@news.lava.net...

What makes you think that anything could have been done to save the company?

On Mon, 14 Apr 2008, Jerry Okamura wrote:

OTOH, most homeowners are NOT investors or gamblers.
For them, it's a fullfilment of a dream and NOT a game.

You say that Soros is racist for stating what he has
learned? He didn't get to be a billionaire by being
dumb.