Honolulu Star-Bulletin Local News
Business Briefs

Reported by Star-Bulletin staff & wire

Wednesday, September 18, 1996

American Air lobs latest fare-sale salvo

A new air fare sale, good for travel from Sept. 25 through Feb. 13, will give mainland-bound Hawaii residents a break and is likely to encourage tourism to Hawaii through the fall. However, the ticket sale ends Sept. 30.

American Airlines kicked off the sale, cutting domestic fares by an average of 45 percent, and the fares were immediately matched by United, Continental and Delta airlines.

Examples include a $564 round trip between Chicago and Honolulu and $577 for a Honolulu-New York round trip. Some earlier, cheaper sale prices are still in effect, but those tickets have to be bought by tomorrow and in most cases they are good only for travel originating in Hawaii.

Trans World Airlines, which put a special three-day sale into effect yesterday for flights to Hawaii, Florida and Puerto Rico, came out with a new sale today.

TWA's is for 21-day advance purchase, while the others' are for seven-day advance purchase, but TWA said its discounts are higher, up to 55 percent.

The discount tickets cannot be used during holiday peaks such as Thanksgiving, Christmas and New Year and there are other conditions, such as a requirement of a Saturday night stay.


Dole buying Philippine banana plantations

Dole Asia Ltd., an arm of Dole Food Co., will spend at least $16.5 million to buy banana farms in the Philippines according to the seller, House of Investments Inc.

Dole, headquartered in Westlake Village, Calif., developed agricultural operations in the Philippines in 1963, from its original base in Hawaii, and is a major producer of pineapple on the island of Mindanao.

House of Investments, the holding company of Alfonso Yuchengco, is seeking to sell its agriculture business and increase its stakes in the power, construction and consumer finance industries, according to Bloomberg Business News.


Ted Turner to run Time Warner's cable biz

NEW YORK - Turner Broadcasting System Inc. chief Ted Turner will head Time Warner Inc.'s cable networks, including Home Box Office, once his firm merges with the media giant.

Turner Broadcasting's chairman and president will be a vice chairman at Time Warner, he and Time Warner Chairman Gerald Levin said in a joint announcement late yesterday.

Turner also confirmed news reports that Scott Sassa, president of Turner Entertainment Group and a member of its board, would resign.

The merger will create the world's largest media and entertainment concern.


For more local, national and international business news,
see the Hawaii Inc. section in today's Honolulu Star-Bulletin.



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