HAL
Topic Author
Posts: 1740
Joined: Tue Jan 15, 2002 1:38 am

Hawaiian Gets A Trustee

Sat May 17, 2003 1:26 pm

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.
 
rooinc
Posts: 117
Joined: Wed Jul 11, 2001 9:38 am

RE: Hawaiian Gets A Trustee

Sat May 17, 2003 1:46 pm

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
 
ha763
Posts: 3168
Joined: Mon Jan 06, 2003 5:36 pm

RE: Hawaiian Gets A Trustee

Sat May 17, 2003 4:44 pm

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.
 
srbmod
Posts: 15446
Joined: Tue Mar 20, 2001 1:32 pm

RE: Hawaiian Gets A Trustee

Sun May 18, 2003 3:14 am

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.
 
koopas
Posts: 168
Joined: Sat Oct 16, 1999 5:18 pm

RE: Hawaiian Gets A Trustee

Mon May 19, 2003 7:53 pm

Out of curiosity, what airlines have successfully emerged from bankruptcy with a trustee?
 
ha763
Posts: 3168
Joined: Mon Jan 06, 2003 5:36 pm

RE: Hawaiian Gets A Trustee

Mon May 19, 2003 8:03 pm

I believe that the number is zero.
 
koopas
Posts: 168
Joined: Sat Oct 16, 1999 5:18 pm

RE: Hawaiian Gets A Trustee

Tue May 20, 2003 6:45 am

How many airlines have had a trustee appointed while in Chapter 11 reorganization?
 
User avatar
HA_DC9
Posts: 563
Joined: Thu Jul 15, 1999 3:16 pm

RE: Hawaiian Gets A Trustee

Tue May 20, 2003 7:10 am

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.