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Hawaiian Gets A Trustee  
User currently offlineHAL From United States of America, joined Jan 2002, 2568 posts, RR: 53
Posted (11 years 6 months 2 weeks 1 day 16 hours ago) and read 1428 times:

The bankruptcy judge ruled that a trustee should be appointed to run the airline, and CEO John Adams gets the boot. I personally think it's for the best, as with Adams still in control, there's no way we could negotiate with Boeing. Just too much bad blood between them.

http://the.honoluluadvertiser.com/article/2003/May/16/br/br03p.html

And here's the stories that led up to the judge's ruling:

http://starbulletin.com/2003/05/16/business/index.html

HAL






One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
7 replies: All unread, jump to last
 
User currently offlineRooinc From United States of America, joined Jul 2001, 123 posts, RR: 0
Reply 1, posted (11 years 6 months 2 weeks 1 day 16 hours ago) and read 1415 times:

I wondered what your thoughts would be on this when I read it. Glad to hear you think it's for the best, HAL. I'm certainly rooting for Hawaiian to come through this.

--TJ


User currently offlineHa763 From United States of America, joined Jan 2003, 3666 posts, RR: 5
Reply 2, posted (11 years 6 months 2 weeks 1 day 13 hours ago) and read 1377 times:
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I wonder what this will do to any open positions. I'm thinking about applying for an open position in one of the departments I used to work in.

User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 3, posted (11 years 6 months 2 weeks 1 day 2 hours ago) and read 1332 times:

Hearing that Hawaiian's getting a Trustee give me flashbacks to Eastern, who folded while under Trusteeship; let's just hope they come out of this.

User currently offlineKoopas From United States of America, joined Oct 1999, 172 posts, RR: 1
Reply 4, posted (11 years 6 months 1 week 6 days 10 hours ago) and read 1272 times:

Out of curiosity, what airlines have successfully emerged from bankruptcy with a trustee?

User currently offlineHa763 From United States of America, joined Jan 2003, 3666 posts, RR: 5
Reply 5, posted (11 years 6 months 1 week 6 days 9 hours ago) and read 1268 times:
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I believe that the number is zero.

User currently offlineKoopas From United States of America, joined Oct 1999, 172 posts, RR: 1
Reply 6, posted (11 years 6 months 1 week 5 days 23 hours ago) and read 1228 times:

How many airlines have had a trustee appointed while in Chapter 11 reorganization?

User currently offlineHA_DC9 From United States of America, joined Jul 1999, 655 posts, RR: 1
Reply 7, posted (11 years 6 months 1 week 5 days 22 hours ago) and read 1220 times:

i'm pretty sure that HA will pull through OK even with a trustee. But the ball is now in Boeing's court to renegotiate the leases as they are the primary ones who wanted a trustee. Leases with ILFC and Ansett have already been renegotiated before the trustee decision came. Those leases are now pending court approval. I think if HA were to fold, a lot of people would hold Boeing responsible.

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