Reported by Star-Bulletin staff & wire
Wednesday, December 4, 1996
Reported by Star-Bulletin staff & wire
Wednesday, December 4, 1996
Island Air today said it would stop serving Princeville, Kauai, as of Jan. 5. Island Air to quit serving Princeville
The commuter airline, a unit of Aloha Airlines' parent Aloha Airgroup Inc., said that it hasn't been able to turn a profit on the route.
"Island Air has served the visitors and community of Princeville since our inception in 1987," said Neil Takekawa, president of Island Air. "Unfortunately, we could not sustain or justify the costs involved."
Island Air has two daily flights to Princeville from Honolulu, using a 18-seat de Havilland DASH-6 aircraft. The airline said the service averages only seven passengers a flight.
Island Air said passengers holding reservations for after Jan. 5 will be accommodated on Aloha Airlines' flights to Lihue.
A national publication says Hawaii has the worst business climate in the nation. ‘Hawaii’s biz climate too cold’
FinancialWorld magazine based its ratings on a number of factors suggested by a group of experts. Included were the educational level of the work force and the costs of labor, energy and taxes. The magazine found Hawaii doing well in terms of education but poorly in other areas. A state official said several categories used in the magazine's rankings make it difficult for Hawaii to rate well.
Janice Togashi, communications director for the Department of Business, Economic Development and Tourism, said Hawaii ranks poorly when state taxes are considered because the state collects taxes to run a statewide school system. She said most school systems are run by municipalities or districts.
WASHINGTON - The nation's economy is growing moderately with little sign of rising prices, and retailers are optimistic about the Christmas shopping season, a Federal Reserve survey shows. Fed reports economy
growing moderately"Moderate economic growth continues to be reported in nearly all Federal Reserve districts," the Fed said today. "Retail prices are stable in most districts."
"Retailers' expectations for sales in the upcoming holiday season are modestly optimistic," according to the survey, which was completed Nov. 23, just a week before the traditional start of the shopping season.
The survey, known as the beige book because of the color of its cover, will be used by Fed officials when they meet Dec. 17 to consider monetary policy. Most analysts expect the Fed to keep interest rates unchanged, saying the economy has slowed sufficiently to keep inflation at bay.