SFGate: Boeing approves extending timetable for Hawaiian Air bankruptcy

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Thursday, May 20, 2004 (AP)
Boeing approves extending timetable for Hawaiian Air bankruptcy



   (05-20) 20:21 PDT (AP) --
   HONOLULU (Dow Jones/AP) -- Hawaiian Airlines said Boeing Co. has agreed =
to
support an extended timetable for the leisure carrier to emerge from
Chapter 11 bankruptcy protection.
   Hawaiian Airlines, which filed for bankruptcy in March 2003, said the new
timetable anticipates the carrier emerging in late October or November,
about six weeks later than perviously planned.
   The revised schedule also has the support of Corporate Recovery Group LL=
C,
a Wilson, Wyo., holding company, and Hawaiian Holdings Inc., the owner of
Hawaiian Airlines. Hawaiian Holdings isn't part of the bankruptcy filing
and hasn't been involved with the management of the airline since a
bankruptcy trustee was appointed in May 2003.
   Chicago-based Boeing, the airline's equipment lessor and one of its
largest creditors, and Corporate Recovery in February filed a proposed
plan of reorganization for the carrier in a bid to take control. Hawaiian
Holdings filed a competing proposal.
   Boeing had initially opposed extending the bankruptcy timetable.

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Copyright 2004 AP

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