PRINCEVILLE <PVDC> TO SELL ITS AIR OPERATION Princeville Development Corp and <Aloha Inc>, parent of Aloha Airlines Inc, jointly said they agreed to terms for the sale of Princeville Airways Inc to Aloha. Terms of the agreement were not disclosed. Under the proposed sale, the companies said Aloha would acquire the entire Princeville Airways commuter operation and access to the Princeville Airport on the island of Kauai. They said Princeville Airways is expected to operate as a subsidiary of Aloha Inc and will continue to use the Princeville Aiways name.