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Article: Hawaiian Airlines says it won't appeal trustee appointment
- Article from:
- AP Worldstream
- Article date:
- May 28, 2003
CopyrightProvided by ProQuest LLC. (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.
In a statement Tuesday, 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 ...