Airline gets another extension from creditor

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Airline gets another extension from creditor

HONOLULU (AP) =97 Financially troubled Hawaiian Airlines announced Thursday=
=20
that it has received a second 30-day extension from its main creditor. The=
=20
extension gives the airline and Boeing Capital Corp. time to document=20
restructuring agreements on 13 Boeing 717-200 aircraft and three Boeing=20
767-300ER aircraft, airline spokesman Keoni Wagner said in a statement.=20
Subject to court approval, the new expiration date will be July 31. Under=20
the U.S. Bankruptcy Code, Hawaiian had faced the possible repossession of=20
its leased aircraft 60 days after it filed for Chapter 11 bankruptcy=20
protection March 21. Boeing only granted the airline its first 30-day=20
extension, which was set to expire June 27, after U.S. Bankruptcy Court=20
granted a motion to appoint an independent trustee to oversee the carrier's=
=20
operations. Meanwhile, the airline also received a similar second extension=
=20
from International Lease Finance Corp., from which the airline leases four=
=20
aircraft.


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