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Article: Hawaiian Airlines Clears Way for Trustee
- Article from:
- AP Online
- Article date:
- May 28, 2003
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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Dateline: HONOLULU
Hawaiian Airlines won't appeal a bankruptcy court's decision to appoint
a trustee to oversee the carrier through its financial reorganization,
the company said Tuesday.
In a statement, Hawaiian's chairman and chief executive John W. Adams
said that while he and the board disagree with the decision, the company
wants to move its restructuring ahead "in the most expedient manner
possible and without distraction from further court actions."
On March 16, U.S. Bankruptcy Court Judge Robert J. Faris granted a
motion by Hawaiian's main creditor, Boeing Capital Corp., to appoint
a trustee to oversee the carrier's operations.
Seattle-based Boeing ...