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HA_DC9
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Posts: 563
Joined: Thu Jul 15, 1999 3:16 pm

Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 2:50 am

http://the.honoluluadvertiser.com/article/2003/Mar/25/bz/bz01a.html

Maybe Airbus should step in and offer A330's to HA to dump the 767's. LOL

Im sure Airbus would love to have their aircraft enter the US domestic trans-pacific market.
 
brons2
Posts: 2462
Joined: Tue Sep 25, 2001 1:02 pm

RE: Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 2:55 am

The A332 would certainly carry more cargo and a few more passengers.
Firings, if well done, are good for employee morale.
 
artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

RE: Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 3:17 am

I am sure airbus would love to give planes to a bankrupt company that cannot pay its bills.
 
777236ER
Posts: 12213
Joined: Sat Aug 18, 2001 7:10 am

RE: Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 3:17 am

Erm, do you actually READ the article? They're in bankruptcy! This isn't an Airbus/Boeing issue, this is the issue of Boeing actually getting paid. There is no way they're getting A330s.
Your bone's got a little machine
 
artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

RE: Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 3:26 am

Erm, do you actually READ the article? They're in bankruptcy! This isn't an Airbus/Boeing issue, this is the issue of Boeing actually getting paid. There is no way they're getting A330s
*********************************************

I know !!, people seem to think that Boeing are the bad ones for wanting to be paid, and that this is an opening for airbus.
 
ConcordeBoy
Posts: 16852
Joined: Thu Feb 01, 2001 8:04 am

RE: Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 3:42 am

Well, Airbus doesnt care about getting paid... just about getting their planes in new airlines' liveries. Remember?!  Nuts
Faire du ciel le plus bel endroit de la terre c'est impossible sans Concorde!
 
brons2
Posts: 2462
Joined: Tue Sep 25, 2001 1:02 pm

RE: Boeing Capital Turning Up The Heat On HA

Wed Mar 26, 2003 4:31 am

Erm, do you actually READ the article? They're in bankruptcy! This isn't an Airbus/Boeing issue, this is the issue of Boeing actually getting paid. There is no way they're getting A330s.

My post was in jest. Sorry if that was not evident.
Firings, if well done, are good for employee morale.
 
HAL
Posts: 1743
Joined: Tue Jan 15, 2002 1:38 am

RE: Boeing Capital Turning Up The Heat On HA

Thu Mar 27, 2003 6:35 pm

It's quite simple. We're paying WAY too much for the 767's. Almost 50% more than United for the same plane from the same leasing company. (btw, the upper management person at Hawaiian responsible for signing the leases was canned shortly afterwards).

We're not trying to cheat Boeing. We're just trying to get onto a level playing field. And as for the stock buyback - I know a lot of people are complaining about it, and even though it was a bad idea in hindsight, at the time it was approved by an independent advisor as a good idea. I highly doubt the reason for the buyback was simply to drain assets in order to place ourselves better for bankruptcy (which is the only way Boeing could win in this case).

HAL
One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
 
ha763
Posts: 3170
Joined: Mon Jan 06, 2003 5:36 pm

RE: Boeing Capital Turning Up The Heat On HA

Thu Mar 27, 2003 7:29 pm

A little more info on the stock buyback. All employee groups were getting raises, but the shareholders were not getting any return on their investment. Due to a condition from HA's credit facilities, HA is prohibited from paying any dividends. If the merger went through, the shareholders would have been rewarded through that, but since it didn't go through, the stock buyback was a way to get around the dividend restriction. As stated before, it also was also done to try to prop up the stock price after the merger was cancelled.

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