Aloha proposes 10% pay cut over three years

HONOLULU -- Aloha Airlines asked its 3,000 employees to take a 10% wage cut over the next three years to save the airline an estimated $37 million.

An airline spokesman said the figure came from the unions, and is "probably as accurate as they can provide," but declined to confirm what he says are confidential negotiations.

Aloha received conditional approval for a loan guarantee of $40.5 million from the Air Transportation Stabilization Board last week. According to the spokesman, employees are only one of the groups that Aloha is working with to satisfy conditions of the ATSB.

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