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Article: Hawaiian Airlines and Ansett Reach Agreement on Restructuring of Aircraft Leases.
- Article from:
- PR Newswire
- Article date:
- May 8, 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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Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. , said today that it has reached agreement with Ansett Worldwide (Ansett), one of its principal aircraft lessors, on a consensual restructuring of the financial terms of the leases for seven Boeing Model 767 aircraft. The agreement is subject to review by Hawaiian Airlines' creditors committee and approval of the Bankruptcy Court.
Hawaiian said it intends to assume the leases as part of its plan of reorganization, and will request an expedited hearing from the Bankruptcy Court to consider approval of the restructuring and the assumption of the leases.
According to John W. Adams, chairman ...