BUSINESS BRIEFS
Aloha posts $2M operating loss
Advertiser Staff
Aloha Airlines posted a loss for September after a four-month string of profits.
The state's second-largest airline, which last December filed for bankruptcy protection, reported an operating loss of about $2 million on revenues of $31.1 million for September.
That month traditionally is slow for the local airline industry, but Aloha also was affected by rising fuel costs. Aloha had posted an operating income of $2.6 million in August.
The company, which plans to emerge from bankruptcy under new ownership by the end of the year, has proposed to terminate its pensions with its pilots union. U.S. Bankruptcy Judge Robert Faris, who has held hearings on the matter for the past two weeks, will hear final arguments on the motion on Tuesday.
BEST BUY MARKS NEW 'AIEA STORE
Best Buy has scheduled a grand-opening ceremony Friday for its second store in Hawai'i, on Kamehameha Highway in 'Aiea.
Festivities will include a performance by Eddie Kamae and the Sons of Hawai'i and a traditional Hawaiian blessing. Best Buy also will present a check for $10,000 to the Boys and Girls Club of Hawaii.
Professional surfer Holly Beck will appear on Saturday, and "American Idol" finalist Jasmine Trias will appear on Sunday. Best Buy's 53,000-square-foot 'Aiea store is one of 70 new retail locations the company plans to open across the country this fiscal year.
RIM ARCHITECTS DONATES TO ARTS
RIM Architects-Hawaii celebrated its 10th year in business by making a $3,000 contribution to the Hawai'i Alliance for Arts Education and the community-based programs of The ARTS at Marks Garage. Locally owned RIM Architects is part of the RIM family of design companies operating in Hawai'i, Alaska, Guam and California.
TELCOM CHIEF JOINS TRADE BOARD
Michael Ruley, chief executive officer of Hawaiian Telcom, has joined the board of directors for the United States Telecom Association, the telecom industry's leading national trade association.
Ruley joins an elite group of telecom leaders who work together through association to advocate on behalf of the industry and help member companies navigate the industry's rapid changes.
