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Business Briefs

Reported by Star-Bulletin staff & wire

Wednesday, April 12, 2000

Charter airline to fly L.A.-Kauai route

Sunquest, a charter airline, will start a weekly service between Los Angeles and Kauai on Saturday. The service will use a 379-seat DC-10, leaving Los Angeles at 8:15 a.m. and arriving at Lihue Airport at 10:45 a.m. The return trip will leave Lihue at 11:45 a.m., stop in Honolulu, and arrive in Los Angeles at 10:45 p.m.

An affiliated company, SunTrips, flies San Francisco-Lihue each Friday.

Both are owned by British-based Airtours Plc, a big tour operator with $4.5 billion in annual revenues.

First Hawaiian funds entrepreneurial effort

First Hawaiian Foundation, a charitable arm of First Hawaiian Bank, has given $50,000 to the Filipino Community Center to fund the creation of a small-business training and business-incubation program. Eddie Flores Jr., campaign co-chairman of the community center, said the money will help individuals in the local community, especially in Waipahu, to start their own businesses or expand existing businesses. The First Hawaiian program will use successful business people to help other entrepreneurs get started, said Flores, owner of the L&L Drive-Inn restaurant business.

Planet Hollywood warns of liquidation

WASHINGTON -- Planet Hollywood International Inc. said delays in implementing a bankruptcy reorganization plan could result in the demise of the theme-based restaurant chain.

In a filing with the Securities and Exchange Commission late yesterday, Planet Hollywood said a pre-packaged Chapter 11 plan of reorganization has yet to take effect, despite confirmation by a bankruptcy court Jan. 21. "The company has been negotiating the terms of several agreements required under the plan," Planet Hollywood said in the filing.

The Orlando, Fla.-based company warned, however, that delays in implementation or required modifications could force Planet Hollywood to liquidate.

The chain has a restaurant in Waikiki. When it filed for bankruptcy in October, it closed nine of its 32 Planet Hollywood U.S. outlets, including one in Lahaina.