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The Honolulu Advertiser
Posted on: Saturday, May 9, 2009

BUSINESS BRIEFS
Hawaiian Air fliers down 5.1%

Advertiser Staff and News Services

Hawaii news photo - The Honolulu Advertiser

Hawaiian Airlines' business surged last year after Aloha and ATA airlines folded. This April saw fewer passengers.

ADVERTISER LIBRARY PHOTO | October 2008

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Hawaiian Airlines said its passenger count fell 5.1 percent in April from the same month a year earlier when it experienced a surge in business following the collapse of Aloha and ATA airlines.

The state's largest carrier said it flew 681,751 passengers last month, down from 718,767 in April 2008.

Hawaiian, a subsidiary of Hawaiian Holdings Inc., said 84.4 percent of its seats were full in April, down from 88.0 percent a year earlier.

ML MACADAMIA INCOME IMPROVES

Hilo-based ML Macadamia Orchards L.P. reported a better financial performance during the first quarter as a result of higher nut prices, lower interest expense and a settlement of legal claims.

The company said it swung to net income of $432,000 in the January-to-March quarter from a net loss of $264,000 a year earlier.

Revenues totaled $2.97 million, compared with $3.64 million a year earlier. It said nuts were sold to Mauna Loa Macadamia Nut Corp. at an average contract price of 76 cents a pound. A year earlier it received an average of 67 cents a pound paid by various buyers.

ML Macadamia said the majority of its financial results will be determined by the third- and fourth-quarter harvest levels and the nut prices paid.

MEDICAL OFFICE BUILDING SALE IS OFF

A plan has fallen through for a California-based real estate investment trust to buy a 108,000-square-foot O'ahu medical office building on Liliha Street.

Nationwide Health Properties Inc. said it canceled its planned purchase of the seven-story Outpatient Medical Pavilion at Hawaii Medical Center East.

The company early last year announced its intent to buy the property from another California owner, Pacific Medical Buildings LLC, as part of a deal to acquire up to 18 properties mainly on the West Coast.

Nationwide Health completed several of the acquisitions, but said certain conditions weren't met for it to go through with the purchase of five others, including the one in Honolulu.

The building on leasehold land at 2226 Liliha St. houses several tenants, including a cancer center and dialysis facility, and is connected to the Hawaii Medical Center hospital building by a tunnel.

HEALTH CENTER AWARDED $25,000

The First Hawaiian Bank Foundation has awarded a $25,000 grant to the Ko'olauloa Community Health and Wellness Center.

The grant will be used to purchase medical and computer equipment for two new clinics.

Ko'olauloa Community Health and Wellness Center is a private, nonprofit, community-based health center in Kahuku. Services include acute care, chronic care, physical exams, immunizations, family planning, minor surgery, mental health counseling, podiatry, Native Hawaiian healing, home visits, health education and outreach services.

First Hawaiian Bank Foundation is the charitable arm of First Hawaiian Bank.