Aloha Airgroup and subsidiary Aloha Airlines received US Bankruptcy Court approval last week for $65 million in debtor-in-possession financing it will use to pay off outstanding loans, including its Air Transportation Stabilization Board loan and commercial bank loans, and supply working capital. According to President and CEO David Banmiller, the DIP financing gives the company the funding it needs to implement its financial restructuring and "go-forward" business plan for a "quick exit" ...
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