Aloha Airlines has told the United States Bankruptcy Court that it is in discussions to sell all or some of its company.
The airline filed for Chapter 11 bankruptcy protection on Thursday, a little more than two years after emerging from bankruptcy.
Aloha's attorneys said on Friday the firm's passenger services, air cargo and contract services, which include US mail shipments, were for sale.
The carrier said it would continue to fly as long as the court accepts the airline's financial plan to keep operating. The company told the court it had US$3.5 million remaining in cash, but expenses over the next 10 days would take US$2.3 million of that. Judge Lloyd King granted Aloha permission to pay its daily operating costs, such as wages, fuel and utilities.
Yucaipa Cos, led by billionaire investor Ron Burkle, has invested more than US$110 million in Aloha since it emerged from bankruptcy.
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