HAL
Topic Author
Posts: 1746
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: 3174
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: 3174
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.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos