|
|
Article: Boeing Capital and Corporate Recovery Group File Plan for 'New Hawaiian Airlines'.
- Article from:
- PR Newswire
- Article date:
- February 11, 2004
CopyrightCOPYRIGHT 2004 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)
|
Boeing Capital Corporation and Corporate Recovery Group, LLC (CRG) today announced the filing of a joint reorganization plan that will recapitalize Hawaiian Airlines and return former CEO Bruce R. Nobles to the helm of the restructured company. The plan, filed Tuesday in U.S. Bankruptcy Court, is subject to approval by the court and by the airline's creditors.
"It is in the best interests of the airline's passengers, employees and creditors to see Hawaiian effectively and promptly reorganized," said Nobles, who led Hawaiian Airlines through Chapter 11 bankruptcy and initiated the airline's turnaround before leaving Hawaiian in 1997. "This airline has enormous ...