Reported by Star-Bulletin staff & wire
Tuesday, August 27, 1996
On Aloha Airlines and Hawaiian Airlines, the basic Hawaii-
resident fare went to $45.10 each way, from $41. On smaller Mahalo Air's flights, the Hawaii-resident fare went to $39.60, from $36.
Aloha and Hawaiian both ran tax-related coupon sales, allowing buyers to travel for $42 through Dec. 31 or $45 through June 30. The sales ended yesterday.
The airlines had rolled back their ticket prices to reflect the absence of the tax, which Congress had failed to restore. President Clinton signed a bill last week that reinstated the tax, effective today.
The developer, Aloha Tower Associates, owes nearly $593,000 in back rent and other expenses.
Ronald Hirono, executive director of the state board overseeing the waterfront development, said he now expects the mortgage lender Mitsui Trust and Banking Company to foot the bill.
The state had notified Aloha Tower Associates on Aug. 15 that it needed to pay the money by yesterday's deadline.
Mitsui Trust had loaned the developer $60 million to build the marketplace and is now in the process of selling its loan because it said the developer failed to make loan payments.