In a bankruptcy court filing today, Aloha said Los Angeles-based Yucaipa Funds and Gault's Aloha Aviation Investment Group Inc., also of Los Angeles, reached an agreement with theairline to invest $50 million in new capital and provide another $50 million in new financing.

The buyers also will pay off more than $65 million in loans owed by Aloha, the airline said.

The deal, which requires bankruptcy court approval, will allow Aloha to emerge from bankruptcy and preserve jobs at the 3,600-employee company.