If ever there were a market opportunity, this is it. In the wake of Aloha Airlines' unexpected shutdown of its passenger service earlier this month, now its cargo service has ended. There were two potential buyers for the (profitable) business, but GMAC, which was Aloha's main financial backer, apparently demanded a higher price than initially anticipated by either purchaser. Neither could/would come up with the additional money.
So, if I had an airplane I could make a fair bit of money just moving goods from Oahu to the Neighbor Islands and back. We may be seeing higher prices and lower supplies of produce like papaya and strawberries.
Aloha had 85% of the cargo market between islands, and Hawaiian has expressed little interest in expanding its share, so there's a huge scramble going on to keep goods flowing.
Posted by Linkmeister at April 30, 2008 11:50 AM | TrackBack