Hawaiian Airlines, Inc. Announces Final Results Of Tender Offer For=20 5,880,000 Of Its Own Shares HONOLULU, July 8, 2002 -- Hawaiian Airlines, Inc. (AMEX and PCX: HA)=20 today announced the final results for its cash tender offer to purchase=20= up to 5,880,000 shares, or approximately 17.46% of its outstanding=20 common stock at a price of $4.25 net per share. The offer, which was=20 oversubscribed, expired at 12:00 midnight, New York City time, on June=20= 27, 2002. According to the final count, 26,578,337 shares were tendered and not=20 withdrawn. Hawaiian accepted 5,880,000 properly tendered shares on a pro=20= rata basis, with a proration factor of approximately 22.12%. Payment for=20= accepted shares and return of all other tendered shares will be made=20 this week by the depositary. On May 30, 2002, Hawaiian had 33,674,143 shares of common stock issued=20= and outstanding. As a result of the completion of the offer and=20 subsequent option exercises, Hawaiian expects to have 27,814,143 shares=20= of common stock issued and outstanding as of the time immediately=20 following payment for the accepted shares. About Hawaiian Airlines Founded in 1929 as Inter-Island Airways, Hawaiian Airlines is the first=20= and largest Hawaii-based airline. =46rom Honolulu, Hawaiian Airlines=20 provides scheduled and charter air transportation of passengers, cargo=20= and mail among the islands of Hawaii and between Hawaii and eight=20 Western U.S. gateway cities and two destinations in the South Pacific.=20= The nation=92s 12th-largest carrier, it is also the second-largest=20 provider of transpacific air service between the U.S. mainland and=20 Hawaii. Additional information on Hawaiian Airlines is available on-line=20= at www.HawaiianAir.com. -- David Mueller / HNL kawika42@mac.com http://www.quanterium.com *** Read the Airline List FAQ at http://airlinefaq.tripod.com ***