Business Briefs
Reported by Star-Bulletin staff & wire
Wednesday, May 8, 1996
Reported by Star-Bulletin staff & wire
Wednesday, May 8, 1996
Announcing its firm startup date yesterday, JAL said it will use a 404-seat Boeing 747-300 jumbo jet on the route, carrying 404 passengers.
The airline, whose plans to begin the Kona service on April 1 were stalled by a U.S.-Japan air rights dispute, said the flight will leave Tokyo's Narita International Airport at 8:45 p.m. June 2, Tokyo time.
The same schedule will be used on Mondays and Thursdays, for a total of three Kona flights a week. JAL currently has 69 Japan-Honolulu flights a week.
Only two cities, Los Angeles at 40.2 percent of income spent on housing and San Francisco at 50 percent, are less affordable than Honolulu, according to the study by the E&Y Kenneth Leventhal Real Estate Group. Honolulu's rank is unchanged from 1995, at 73rd in a list of 75 cities ranked according to affordability.
The Leventhal firm compared the cost of owning a four-bedroom home, or renting a two-bedroom luxury apartment, with the local median household income.
Aloha Tower Associates, the Hawaii partners for the Aloha Tower Marketplace, made that announcement yesterday to the state Aloha Tower Development Corp., which oversees the project on state land.
The state agency also received a proposal for a privately financed 900-stall parking garage on state land near the Hawaiian Electric Co. plant downtown, but did not make a decision on the project.