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Hui mokulele o hawaiʻi [huwi mokulele o həˈʋɐjʔi]) [6][7] is a commercial u.s Airline headquartered in honolulu, [8][9] and a subsidiary of the alaska air group. Hawaiian failed to disclose to its shareholders that its financial results for april and may 2002, and the revised projections based on those results, materially undermined statements made by hawaiian in the tender offer documents. The parent company of hawaiian airlines, a troubled firm partly owned by a newport beach investor group headed by peter v Ueberroth, said monday that it has defaulted on some aircraft leases. The two men, william spencer and paul boghosian, were indicted in april 2005 on charges of falsely stating to the bankruptcy court in hawaii that their hawaiian investment partners could.
The owners of hawaiian airlines on tuesday filed for chapter 11 bankruptcy court protection after struggling for years under financial problems and a slump in tourist traffic. Boeing capital, the leasing arm of the aircraft manufacturer, is asking the federal bankruptcy court today to oust adams and appoint a trustee to manage the financially troubled carrier as it reorganizes under chapter 11 bankruptcy protection. Adams and aip were charged for their role in hawaiian's failure to disclose important negative financial information to shareholders in a tender offer from which adams and aip each benefited.
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