Aloha Airlines shuts cargo - you should be living on Oahu
Yesterday Aloha airlines closed its air freight business after its lender, GMAC, cut off financing. Aloha was responsible for 85 percent of all goods flown between O'ahu and the Neighbor Islands.
Everybody on the neighbor islands is going to be massively impacted by this. The Big Isle, Maui, Kaui, Moklokai, Lanai, everybody except Oahu. Retailers and wholesalers of baked goods, produce, meat, medical supplies, newspapers, auto parts, construction materials, and just about anything on those islands that comes from Oahu, which is just about everything!
Who will step in? Hawaiian air maybe? The Hawaii Superferry is an option for for some, but so far only serves Maui and O'ahu, so what about Kaua'i and the Big Island?
Grocers were flying in fruit and vegetables from O'ahu everyday. Before the late 1980s, so people will have to go back to the way it was - slow and expensive.
Even if another air carrier comes into the market, they are likely to charge higher prices.
And THIS is why you should live on Oahu and not the neighbor islands. Sorry to our friends on Maui, Kauai and the Big Island, we wish you the best and hope everything works out.
Labels: hawaii economy, news, Oahu real estate market trends
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