SUPERFERRY PLANS SPRING LEAK AS 2ND SHIP PUT ON HOLD
Sound Financial Position Or Sinking Ship?
Pacific Business News reports citing an “uncertain economic climate,” Hawai`i Superferry said Tuesday it is postponing planned service of a second ship to the Big Island.
Superferry President and CEO Tom Fargo said the one-year delay will defer more than $10 million in startup costs and allow the company to “maintain our sound financial position.”
