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FROM THE OFFICE OF PUBLIC AFFAIRS

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November 5, 2002
PO-3597

Air Transportation Stabilization Board
Conditionally Approves Application by Aloha Airlines, Inc.

WASHINGTON, DC - The Air Transportation Stabilization Board (the Board) announced today its conditional approval of the application by Aloha Airlines, Inc. for a $40.5 million loan guarantee under the Air Transportation Safety and System Stabilization Act and implementing regulations promulgated by the Office of Management and Budget.  The Board’s decision was unanimous.  The Board’s approval is subject to several conditions, including certain structural and financial enhancements and other conditions identified in the Board’s letter to Aloha Airlines, Inc., which is attached below.
 

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