Aloha freighters back in the skies soon

5/5/2008 10:14:37 AM

The parent company of Hawaii's biggest inter-island ocean shipper has worked out a deal to buy Aloha Airlines' cargo operation, which shut down on Monday.   Seattle-based Saltchuk Resources said it had obtained the consent of Aloha's main lender, GMAC Commercial Finance. The purchase price wasn't disclosed.   The purchase of the service that carried 85 percent of Hawaii's inter-island air cargo needs to be approved by US Bankruptcy Court.   Last week, Saltchuk pulled out of an auction for the cargo service after its US$13 million offer was outbid by another company. The auction ended with no winner.   The rehired Aloha cargo employees would work for the newly formed Saltchuk subsidiary Aeko Kula.   CargonewsAsia

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