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Article: Hawaiian Airlines and ILFC Reach Agreement on Restructuring of Aircraft Leases.
- Article from:
- PR Newswire
- Article date:
- May 1, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONOLULU -- HONOLULU, April 30 /PRNewswire/ -- Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. , said today that it had reached an agreement with International Lease Finance Corporation (ILFC), one of its aircraft lessors, on a consensual restructuring of the financial terms of the leases for four Boeing Model 767 aircraft. The agreement is subject to review by Hawaiian Airlines' creditors committee and approval of the Bankruptcy Court. Hawaiian intends to assume the leases as part of its plan of reorganization.
In connection with this agreement, the parties also have agreed upon an extension of the 60-day period under section 1110 of the ...