Maui Land & Pine invests in Hawaii Superferry
Maui Land & Pine invests in Hawaii Superferry
- 2004-05-20 - Pacific Business News (Honolulu)
Maui Land & Pineapple Co. has invested $1 million in Hawaii Superferry Inc., the company that intends to operate interisland ferries.
The equity funding will help the ferry operator complete its initial round of financing, said company CEO John Garibaldi. Hawaii Superferry plans to start operation in 2006 with daily service between Honolulu and the islands of Maui, Kauai and Hawaii.
"We are compelled to support Hawaii Superferry at this crucial stage in the company's development," said David Cole, chairman, president and CEO of Maui Land & Pine. "We believe Hawaii Superferry has the potential to dramatically enhance interisland commerce."
Hawaii Superferry's business plan calls for operation in two years using multi-hull vessels that can carry passengers at half the cost of interisland airfare, with lower decks that carry cars and trucks. The ships ordered for Hawaii use will be built with reinforced lower decks to allow commercial trucks to drive on board in any lane.
- 2004-05-20 - Pacific Business News (Honolulu)
Maui Land & Pineapple Co. has invested $1 million in Hawaii Superferry Inc., the company that intends to operate interisland ferries.
The equity funding will help the ferry operator complete its initial round of financing, said company CEO John Garibaldi. Hawaii Superferry plans to start operation in 2006 with daily service between Honolulu and the islands of Maui, Kauai and Hawaii.
"We are compelled to support Hawaii Superferry at this crucial stage in the company's development," said David Cole, chairman, president and CEO of Maui Land & Pine. "We believe Hawaii Superferry has the potential to dramatically enhance interisland commerce."
Hawaii Superferry's business plan calls for operation in two years using multi-hull vessels that can carry passengers at half the cost of interisland airfare, with lower decks that carry cars and trucks. The ships ordered for Hawaii use will be built with reinforced lower decks to allow commercial trucks to drive on board in any lane.
posted by DP at 4:20 PM
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