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The Honolulu Advertiser
Updated at 2:02 p.m., Tuesday, April 1, 2008

Two new suitors emerge for Aloha's cargo division

Advertiser Staff

Two other bidders have emerged for Aloha Airlines profitable cargo division.

During a bankruptcy court hearing this morning, Kahala Capital LLC and Castle & Cooke Aviation said they were interested in acquiring Aloha's cargo division.

Aloha airlines ceased passenger operations yesterday but has continued to operate its cargo and contract services divisions.

Last week Aloha announced that it had received a letter of intent to purchase its cargo division from Seattle-based Saltchuk Resources Inc., the owner of Young Brothers/ Hawaiian Tug & Barge.