Posted at 12:40 p.m., Friday, February 11, 2005
Business Briefs: Aloha reaches agreement with mechanics union
Advertiser Staff
Aloha Airlines and the union representing 330 Aloha mechanics and inspectors have reached a tentative, five-year agreement subject to union ratification, the company announced today.The tentative agreement with the International Association of Machinists and Aerospace Workers District Lodge 142 follows another tentative agreement that Aloha has reached with the Air Line Pilots Association.
Aloha's largest union, the International Association of Machinists and Aerospace Workers District Lodge 141, has already ratified a new 4 1/2-year contract.
No new tentative agreements have been reached with Aloha's flight attendants or Transport Workers Union representing dispatchers.
Central Pacific to offer 1.75 million shares
Central Pacific Financial Corp., parent company of Central Pacific Bank and City Bank, said today that it has registered with the Securities and Exchange Commission for a proposed public offering by the company of 1.75 million shares of common stock.
The Company expects to grant the underwriters an option to purchase an additional 262,500 common shares from the Company solely to cover over-allotments.
Bear, Stearns & Co. Inc. will serve as lead manager and Sandler O'Neill & Partners, L.P. and RBC Capital Markets will serve as co-managers in the offering.
