BUSINESS BRIEFS
Japan Airlines raising gas fees
Advertiser Staff and News Services
Japan Airlines said it will increase its fuel surcharge to $64 each way on flights between Japan and Hawai'i beginning July 1.
For flights between Japan and North America the surcharge will increase to $91 each way.
The price of jet fuel, the largest expense for Asian airlines, has risen 12 percent this year. The world's carriers may spend $120 billion on fuel this year, 7 percent more than in 2006, according to the International Air Transport Association.
HAWAIIAN AIR, KOREAN AIR LINK
Hawaiian Airlines announced a new code-share agreement with Korean Air that will simplify travel on interisland and West Coast flights.
Under the plan, Korean Air customers traveling to the Neighbor Islands from Ho-nolulu can enjoy one-stop check-in for flight connections on Hawaiian.
Korean Air customers also can fly Hawaiian between Honolulu and the nine West Coast cities served by the local carrier.
FINANCE FACTORS OPENING BRANCH
Finance Factors will hold a weeklong grand opening celebration beginning Friday for its new Kahala Mall branch.
The new branch is next to Ka Hale I O Kahala School of Hula & Polynesian Dance on the second floor of the mall. It is a relocation of a previous Finance Factors branch nearby on Wai'alae Avenue.
The opening will include refreshments, giveaways, and a daily drawing for a $100 Kahala Mall shopping spree.
FITCH AFFIRMING RATINGS FOR CP
Fitch Ratings said it is affirming all of its credit ratings for Honolulu-based Central Pacific Financial Corp. given the bank holding company's stable earnings performance and sound financial profile.
It said Central Pacific's ratings outlook is stable, though it noted concerns including limited earnings diversity and a cease-and-desist order related to Bank Secrecy Act issues placed on it by the FDIC.
