BUSINESS BRIEFS
Aloha Tower under new management
Advertiser Staff
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The local office of PM Realty Group has taken over management and leasing of Aloha Tower Marketplace.
The 165,000-square-foot retail center in Downtown Honolulu is owned by Apollo Real Estate Advisors and Westrust Ventures LLC.
Mele Heresa, an asset manager and leasing agent previously with First Hawaiian Bank and HTH Corp., was named general manager.
Aloha Tower Marketplace said it also has retained consultant Special Events Hawaii to coordinate marketing efforts, public relations, advertising and special events.
HAWAIIAN NO. 1 FOR ON-TIME ARRIVALS
Hawaiian Airlines led the nation's carriers in punctuality for the fifth straight year in 2008, according to a U.S. Department of Transportation report released today.
Hawaiian had 90 percent of its flights arrive on time in 2008. That was 9.5 percentage points ahead of the second-place finisher and was 14.0 percentage points better than the industry average.
For December, Hawaiian led the industry with a 79.6 percent on-time rate.
Hawaiian finished second nationally last year for fewest misplaced bags with an average 2.97 mishandled baggage reports for every 1,000 passengers.
Hawaiian ranked second nationally in 2008 for fewest oversales at 0.07 percent for every 10,000 passengers, and also finished second in the fourth quarter at 0.04 percent.
MESA TERMINATES AGREEMENTS
Mesa Air Group, the parent of interisland carrier go!, said today it would terminate agreements with certain holders of senior convertible notes due in 2024.
The company said it may not resume talks with note holders until tomorrow or later.
Mesa, which also provides regional service for US Airways Group, Delta Air Lines and other carriers, has been looking to shore up its finances for months as it tries to ride out volatile fuel prices and a drop in travel demand.
Mesa shares closed down 10 percent at 10 cents per share on the Nasdaq.
HPM CALLS FOR SCHOLARSHIP APPLICATIONS
HPM Building Supply is accepting applications for its scholarship program that provides $1,000 to Big Island high school seniors planning to attend college within the University of Hawai'i system.
The Barney S. Fujimoto Memorial Scholarships are named for one of the company's founders. The Kea'au company has been awarding the scholarships for more than 30 years.
Applications are available from high school counselors or can be downloaded from www.hpmhawaii.com. The submission deadline is April 1. Students may submit a completed application, resume, photo and academic record to: Marketing Department, HPM Building Supply, 380 Kanoelehua Ave., Hilo, HI 96720.
