honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser

Posted at 12:46 p.m., Tuesday, August 16, 2005

BUSINESS BRIEFS
Judge OKs settlement in airline deal

Advertiser Staff

spacer
A federal judge today approved a settlement between the parent of Aloha Airlines and a San Francisco company that purchased interisland carrier Island Air last year.

U.S. Bankruptcy Judge Robert Faris confirmed an agreement between Aloha Airgroup Inc. and Gavarnie Holdings LLC, who have accused each other of failing to live up to the terms of the 2004 deal.

Gavarnie alleged that Aloha didn't provide Island Air with accounting, marketing and other backroom services after agreeing to do so. Aloha, which filed for Chapter 11 bankruptcy reorganization in December, accused Gavarnie of failing to make payments on $7.8 million in loans that it had issued to finance Gavarnie's purchase.

Terms of the settlement and the 2004 sale were not disclosed.



Seven-Eleven plans three new stores in Honolulu

Seven-Eleven Hawaii, Inc. said today it will open three new stores over the next eight months in Makiki, Niu Valley and Kapahulu. All three will include fuel facilities.

An outlet planned for the site of the former Wisteria site in Makiki is scheduled to open before the end of the year.

The Niu Valley store, located on the site of the former Union 76 gas station in the Niu Valley Shopping Center, is slated to open in the first quarter of 2006. The Kapahulu store, to be built on the site of the existing Union 76 station at the corner of Kapahulu Avenue and Castle Street, is also scheduled to open in the first quarter of next year.

Seven-Eleven Hawaii, Inc. currently owns and operates 53 convenience stores throughout the state.



Free home-buyer workshop set for Aug. 27

A free home-buyer education workshop is available for consumers on Saturday, Aug. 27 at 2150 Tantalus Drive from 8 a.m. to 5 p.m.

The workshop, focused on money management and credit issues, is sponsored by Hawai'i Community Lending, a nonprofit mortgage lending arm of Hawaiian Community Assets.

For more information call 587-7886 or e-mail mkauhane@hclending.com.