Aloha, Hawaiian airlines could share operations

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01/11/2002 - Updated 08:21 AM ET

Aloha, Hawaiian airlines could share operations

By Jayne O'Donnell and Barbara De Lollis, USA TODAY

Hawaiian Airlines, which announced plans to merge with Aloha Airlines last
month, says the two airlines are considering taking advantage of a provision
slipped into the aviation security law that would allow them to legally
share operations without completing a merger.

The little-noticed provision was added by Sen. Daniel Inouye, D-Hawaii, more
than two months before the two airlines announced their proposed merger. The
law allows carriers with flights that originate and terminate in the same
state to create a temporary partnership that would achieve some of the
benefits of a merger but would not be subject to antitrust scrutiny by the
Justice Department. Instead, the secretary of Transportation would have to
approve the partnership. The partnership could run until October 2003 with
the DOT's approval.

The airlines say they still plan to complete their merger. However, the
alternative offered by the law could help them while they await Justice
Department approval or if the agency moves to block the merger on antitrust
grounds.

Major airlines are watching the Aloha-Hawaiian deal closely, as most have
partnerships with one of the two to provide interisland transportation for
passengers that the major airlines bring to and from Hawaii. Those
arrangements allow fliers to book connecting flights on different carriers
through one airline.

Some major carriers are concerned that their businesses could be harmed if a
merger leads to higher fares or fewer flights in Hawaii.

The legislation originally grew out of Inouye's concern that Hawaii's
struggling airlines would run out of money after the Sept. 11 terror
attacks, says Jennifer Sabas, a spokeswoman for Inouye.

"It was incredibly important the provision would allow them to at least talk
about scheduling and coordinating their resources. Otherwise, our people
can't move between islands," Sabas says. "As things went forward later, the
economics, they decided maybe it was time to talk merger."

A spokesman for TurnWorks, the Texas-based investment firm that's helping
finance the $200 million merger, said the airlines have not yet decided to
use the provision.

"Both airlines are focusing on this section and making some determination on
what they want to do," says TurnWorks spokesman Owen Blicksilver. "It's not
a permanent solution."

TurnWorks is headed by Greg Brenneman, a former Continental Airlines
president who would be chairman and chief executive of the merged company.

TurnWorks still plans to proceed with the merger and is already working with
regulators to address antitrust concerns, Blicksilver says.

Tuesday, TurnWorks submitted a plan to Hawaii's attorney general that, among
other things, promises to temporarily cap fares for intrastate travel to
appease residents' fears about rising fares.

The airlines could be eligible for an exemption from antitrust laws
previously allowed only for airline alliances involving foreign
transportation. Since 1989, the Justice Department's antitrust division has
had authority over airline mergers. International aviation alliances are
decided by the Transportation Department.

"There's no question in the past, the Transportation Department standard for
airline mergers has been much more liberal than the Justice Department's,"
says James Weiss, a former Justice Department antitrust official.

Weiss, a partner with the law firm Preston Gates, says Hawaiian and Aloha
could put together a joint venture in which they would pool revenue, share
profits and coordinate sales and marketing activities — much as they would
in a full merger.

The Justice Department has confirmed it's reviewing the Aloha-Hawaiian deal.

The airlines have not yet filed any information with the Transportation
Department, according to spokesman Bill Mosley.




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