Pacific Air Cargo LLC has taken delivery of a converted Boeing 747-400 freighter that will increase capacity on the route between Los Angeles and Honolulu. The six-times-a-week service, previously done with a B747-200F aircraft, is flown under an agreement with longtime partner Kalitta Air.
“(We) are excited by the growth opportunities this larger aircraft offers, and the increased reach its extra range affords,” Pacific Air Cargo CEO Beti Ward said. “It’s also the first time we’ve had an aircraft in our own livery, so it’s a very proud milestone for everyone.”
Pacific Air Cargo provides express cargo services between Los Angeles, Hawaii and American Samoa. The company was founded by Ward in 2000 and employs more than 120 people.
PC market shows life in first quarter
SAN FRANCISCO >> The long-suffering personal computer market might be finally recovering from the damage inflicted by the shift to smartphones and tablets, according to a report released Tuesday.
PC shipments in the first quarter rose by about 1 percent from last year, based on the research firm International Data Corp. The modest gain marks the first quarterly increase in five years, a stretch that has seen people increasingly turn to mobile devices for their computing needs.
Another breakdown released by Gartner Inc. painted a gloomier picture, estimating PC shipments fell by 2 percent in the first quarter. The rival reports measure the market in different ways, accounting for their contrasting conclusions.
Both IDC and Gartner concurred that the only signs of life for PCs are in the corporate market, where they remain an essential tool. Businesses have recently been replacing larger numbers of outdated machines.
“Winners in the business segment will ultimately be the survivors in this shrinking market,” Gartner analyst Mikako Kitagawa predicted.
Toshiba survival hurt by Westinghouse woes
TOKYO >> Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, raised doubts Tuesday about its ability to survive as a company.
In an unaudited financial report, Toshiba projected a loss of 1.01 trillion yen ($9.2 billion) for the fiscal year that ended in March, a figure that ballooned from the 390 billion yen loss forecast in February because of the troubles at Westinghouse. Four nuclear reactors Westinghouse is helping to build in South Carolina and Georgia are behind schedule and billions of dollars over budget.
Toshiba said, “there are material events and conditions that raise the substantial doubt about the company’s ability to continue as a going concern.”
ON THE MOVE
Mid Pacific Country Club has announced that Jeff Bonisa is its new executive chef, as of May 1. He was previously a private chef and an executive chef for ClubCorp for 15 years, working nine years for Center Club in Costa Mesa, Calif., and six years at Coto de Caza Golf & Racquet Club in Coto de Caza, Calif. Bonisa also served as executive chef at The Santaluz Club in Rancho Santa Fe, San Diego.
Hawaiian Telcom has announced that Ngoc Nguyen has been promoted to director of investor relations. Nguyen has been with Hawaiian Telcom since 2006 and was previously an investor relations and financial planning manager.
First Hawaiian Bank has announced that Josh Lam has been promoted to vice president and senior portfolio manager of the Asset Management Department, Institutional Wealth Management Division. Lam has 10 years’ experience as a portfolio manager as well as an options and convertibles trader, including serving as an assistant vice president and portfolio manager when he joined FHB in 2010.
