Hawaiian Airlines

Hawaiian Airlines is the 12th largest commercial airline in the United States. It is the largest airline based in the State of Hawai'i and is commonly referred to by the acronym "HAL".

History

Hawaiian Airlines filed for Chapter 11 bankruptcy protection on March 21 2003, and is overdue for $4.5 million USD worth of payments to the pilots' pension plan. Within the company, it has been suggested that the plan be terminated. As of May 2005, Hawaiian Airlines had received court approval of its reorganization plan. The company emerged from bankruptcy protection on June 2, 2005 with reduced operating costs through renegotiated contracts with its union work groups, restructured aircraft leases and investment from RC Aviation, a unit of San Diego-based Ranch Capital, which bought a majority share in parent company Hawaiian Holdings Inc in 2004.

Related Topics:
Bankruptcy - March 21 - 2003 - Pension - June 2 - 2005 - San Diego - 2004

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