HONOLULU (AP) Hawaiian Airlines’ parent company agreed to purchase Island Air’s operating certificate and other assets in a move that could save the failed company from liquidation.
The trustee overseeing Island Air’s bankruptcy case filed a last-minute motion disclosing Hawaiian Holdings Inc.’s purchase.
If the sale is approved, then the trustee’s attorney Simon Klevansky said he would convert the case to a Chapter 11 reorganization bankruptcy
The Honolulu Star-Advertiser reported Tuesday that Hawaiian Holdings Inc. said it would buy the operating certificate for $450,000 and immediately provide cash advances to p…
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