Perseus LLC makes bid for Aloha Airlines.(Brief Article)

Airline Industry Information | September 28, 2005 | Copyright

Perseus LLC, a US-based private equity fund manager, has filed a competing bid for Aloha Airlines in a US bankruptcy court.

Perseus is reportedly claiming that its USD120m offer and plan is better than the one that has been proposed by the other bidder, The Yucaipa Companies LLC. Aloha Airlines said last week that it had found investors that were willing to put USD100m into the airline. The deal is however conditional at best and also includes an exclusivity clause for Yucaipa and Aloha Aviation ...

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