"We are grateful to the US Bankruptcy Court for enabling us to move ahead and continue all operations while Aloha seeks additional investors and new opportunities," President and CEO David Banmiller said. The airline blamed its financial woes primarily on what it called "predatory pricing" by go!, a Mesa Air Group subsidiary, which began inter-island operations in June 2006. However go!, which operates 50-seat CRJ200s, accounts for only 7% of the capacity and 8% of the Hawaiian inter-island market. Both Aloha and Hawaiian Airlines have added capacity since go! launched operations. Mesa CEO Jonathan Ornstein declined to comment. Over the weekend (ATWOnline, March 24), Aloha was in discussions with investors willing to buy some or all of the airline, according to The Honolulu Advertiser. "We're talking to a lot of people in the industry," Banmiller told the paper, but he declined to name any potential suitors. Aloha indicated that its chief financial backer, California-based Yucaipa Co., cut off funding, forcing the carrier to seek new owners. At a hearing last Friday, Aloha reported that it had about $3.8 million in cash and estimated that its expenses over the ensuing 10 days likely would amount to $2.3 million. It listed assets of $215.9 million and liabilities of $283.9 million. It lost $81 million in 2007 and $41.2 million in 2006, according to court filings. It operates a fleet of 26 737s. by Sandra Arnoult