|
|
Article: Hawaiian Airlines Trustee & Hawaiian Holdings Agree on Joint Plan of Reorganization.
- Article from:
- PR Newswire
- Article date:
- August 26, 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)
|
Creditors to Receive Payment in Full for Claims
Today, Joshua Gotbaum, Trustee for Hawaiian Airlines, and the airline's parent, Hawaiian Holdings, Inc. agreed to submit a joint plan of reorganization for the airline. If this plan is confirmed by the bankruptcy court, it would take Hawaiian out of bankruptcy and offer creditors payment in full for their claims. The proposed plan is to be filed with the bankruptcy court on Monday.
"This plan provides value both to shareholders and creditors of Hawaiian Airlines in a consensus proposal that will make it easier and faster to exit bankruptcy. It offers creditors payment in full for their claims while ...