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Aloha grounded by Hawaiian rival Aloha grounded by Hawaiian rival
(about 19 hours later)
Hawaiian carrier Aloha Airlines says it is to stop operating, blaming competition and high fuel prices.Hawaiian carrier Aloha Airlines says it is to stop operating, blaming competition and high fuel prices.
The airline, which filed for bankruptcy protection in March, said it had run out of time to find a buyer or secure new funding.The airline, which filed for bankruptcy protection in March, said it had run out of time to find a buyer or secure new funding.
Aloha blamed "predatory" pricing by a rival, Go!, as well as the battle to pass on fuel costs to passengers.Aloha blamed "predatory" pricing by a rival, Go!, as well as the battle to pass on fuel costs to passengers.
It added that since Go! began operating its inter-island flights 16 months ago, it had lost about $65m (£33m).It added that since Go! began operating its inter-island flights 16 months ago, it had lost about $65m (£33m).
"Unfortunately, unfair competition has succeeded in driving us out of business," said the firm's president, David Banmiller."Unfortunately, unfair competition has succeeded in driving us out of business," said the firm's president, David Banmiller.
Previous problemsPrevious problems
The airline, founded in 1946, is to stop taking reservations from Monday.The airline, founded in 1946, is to stop taking reservations from Monday.
It is Hawaii's second-largest carrier, with 26 Boeing 737s serving five airports across the Hawaii archipelago and six mainland US destinations.It is Hawaii's second-largest carrier, with 26 Boeing 737s serving five airports across the Hawaii archipelago and six mainland US destinations.
Another rival, Hawaiian Airlines, said that it would put on extra flights to accommodate Aloha passengers in the short term.Another rival, Hawaiian Airlines, said that it would put on extra flights to accommodate Aloha passengers in the short term.
Aloha, which employees about 1,900 people, will continue to offer a cargo service. Aloha, which employs about 1,900 people, will continue to offer a cargo service.
The airline is no stranger to bankruptcy proceedings, having been through the courts in 2005 before restructuring its business.The airline is no stranger to bankruptcy proceedings, having been through the courts in 2005 before restructuring its business.